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Papers by Command Volume 97

Papers by Command Volume 97


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1906 Excerpt: ...capital will be raised before the expense of the winding up of the old company and registration of a new company is incurred, and without the power to pay a commission for underwriting, it is almost impossible to ascertain or secure this, as the majority of shareholders are unwilling to bind themselves as to participating in the reconstruction scheme until its success is assured. Numerous other instances could be adduced of inconvenience, and in many cases loss, arising from the prohibition of the payment of commission in connection with the issue of shares except upon public issue, and the Council therefore very strongly urges with regard to Section 8 of the Act of 1900 that (a) its provisions should be extended to all issues of shares whether offered for public subscription or not, and (b) that the term ' Commission " should be explained and enlarged so as to include a bonus, of any amount whether payable in cash or in shares, and not be limited to what may in ordinary parlance be regarded as a Commission. Coming to the points especially enumerated in the reference to the Departmental Questions Committee, the Council considers with regard to the first of such questions, that too much specially has been made of what have been termed "prospectusless Companies," and that some tTMg confusion of idea possibly exists with regard to them. Departmental As already mentioned a large proportion of the companies registered are "Private Committee Companies," the shares of which are not intended to be offered to the public, and no (see Poccasion therefore arises for a prospectus, but at the same time it would not in the opinion pro of the CouQcil be desirable to place any restriction on the power to sell or deal with such spoctusless shares by ...


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Product Details
  • ISBN-13: 9781130697070
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 386
  • Spine Width: 20 mm
  • Width: 189 mm
  • ISBN-10: 113069707X
  • Publisher Date: 01 Mar 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 685 gr


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