Journal of Political Economy Vol. 16 No. 7 1908
Notices
Abstract
text of the act is given in full, it is summarized in the introduction, and the changes involved are further elucidated in the appropriate place in the text. As here summarized the chief changes are: (a) the definite recognition of private companies; (b) the enforc? ing of greater publicity on the part of public companies; (c) the provision that foreign companies shall register particulars of their constitution and a yearly statement of affairs or balance sheet, as well as the names of their directors and of a person or persons to accept service of process on their behalf; (d) new provisions in regard to debentures, including a direction that receivers and man? agers shall file their accounts; (e) provision giving the creditors of a company control over the appointment of a liquidator in the case of a voluntary winding up, and provisions enabling the dissolution of a company wound up voluntarily to be set aside; and (/) an extension to companies not in liquidation of the powers of compro? mise and arrangement given by the Joint Stock Companies Ar? rangement Act, 1870, to companies in liquidation.
- DOI
- 10.1086/251461
- Volume
- 16
- Issue
- 7
- Pages
- 464-465
- Language
- en
- Sources
- semanticscholar openalex crossref