 Provided that, where the reduction does not involve either the diminution of any liability in respect of unpaid share capital or the payment to any shareholder of any paid-up share capital, the Court may, if it thinks expedient, dispense altogether with...  The Scots Law Times - Page 3001916Full view - About this book
 | John Frederick Haynes - 1877 - 156 pages
...its capital in pursuance of this Act and of the Companies Act, 1867, as amended by this Act. Proviso: Where the reduction does not involve either the diminution of any liability in respect of unpaid capital, or the payment to any shareholder of any paid-up capital : (1.) The creditors of the company... | |
 | Thomas Eustace Smith - Corporation law - 1878 - 140 pages
...reduced " must be added for such time as the Court may fix. 3 Where, however, the reduction of capital does not involve either the diminution of any liability in respect of unpaid capital or the payment to any shareholder of paid-up capital— (a.) The creditors are not (unless... | |
 | Thomas Eustace Smith - Corporation law - 1881 - 192 pages
...liability (if any) remaining on the shares of the company. 3 Where, however, the reduction of capital does not involve either the diminution of any liability in respect of unpaid capital or the payment to any shareholder of paid-up capital— (a.) The creditors are not (unless... | |
 | Francis Beaufort Palmer - Corporation law - 1881 - 784 pages
...to the nature of the reduction : 1. S. 4 of the Act of 1877, provides "that where the reduction docs not involve either the diminution of any liability in respect of unpaid capital or the payment to any shareholder of any paid up capital (eg, where it merely provides for... | |
 | Charles MacCarthy Collins - Banking law - 1882 - 408 pages
...1867, as c - *3*amended by this Act: Provided that where the reduction of the capital of a company does not involve either the diminution of any liability in respect of unpaid capital or the payment to any shareholder of any paid-up capital. (l.) The creditors of the company... | |
 | Great Britain - Railroad law - 1883 - 132 pages
...Act, 1867, as amended by this Act: Provided that where the reduction of the capital of the company does not involve either the diminution of any liability in respect of unpaid capital or the payment to any shareholder of any paid-up capital, (1.) The creditors of the company... | |
 | Francis Beaufort Palmer - Corporation law - 1884 - 770 pages
...subsequent procedure differs according to the nature of the reduction: 1. S. 4 of the Act of 1877 provides "that where the reduction does not involve either...the diminution of any liability in respect of unpaid capital or the payment to any shareholder of any paid up capital (eg, where it merely proTides for... | |
 | John Frederick Haynes - English law - 1884 - 736 pages
...capital in pursuance of this Act and of the Companies Act, 1867, as amended by this Act. Proviso : Where the reduction does not involve either the diminution of any liability in respect of unpaid capital, or the payment to any shareholder of any paidup capital: (1.) The creditors of the company... | |
 | Great Britain - Railroad law - 1885 - 868 pages
...Act, 1867, as amended by this Act: Provided that where the reduction of the capital of the company does not involve either the diminution of any liability in respect of unpaid capital or the payment to any shareholder of any paid-up capital, (1.) The creditors of the company... | |
 | Thomas Eustace Smith - Corporation law - 1885 - 208 pages
...liability (if any) remaining on the shares of the company. 1 Where, however, the reduction of capital does not involve either the diminution of any liability in respect of unpaid capital or the payment to any shareholder of paid-up capital— («.) The creditors are not (unless... | |
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