Bill 56 (Legislature 10, Session 5)

L10 S5 7303

Alberta — Bills

Bill No. 56 of 1948. A BILL TO AMEND THE COMPANIES ACT NOTE. This Bill amends The Companies Act. In the provision in

section of The Companies Act enabling a company to increase its share capital by extraordinary resolution, or if the ArH,cles so provide, by ordinary resolution or by resolution of the directors, was struck out and a provision enabling it to increase its share capital by a special -resolution was substituted in

section 41. This Bill amends the Articles of Association in Table "A" contained in the First S.chedule to the Act to conf.orm to this amendment in the Act.

Section of Table "A" is amended so that a special resolution is required to increase share capital rather than an ordinary or extraordinary resolution. W. S. GRAY, Legislative Counsel. (Thi.-; note does not form any part of the Bill but is o.ffer~d in explanation of its provisions.) BILL No. 56 .of 1948.

An Act to amend The Companies A,ct. (Assented to ,1948.) HIS MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. The Companies Act, being

chapter 240 .of the Revised Statutes 'Of Alberta, 1942, is hereby amended as to the First 8chedule thereof by striking out

section of Table "A" and by substituting therefor the following: "27. The company may by special resolution alter the conditions of its mem.orandum so as to increase its author ized share capital,- "(

a) by the creation .of such number of new shares of such amount; or " (

b) by the creation .of such number .of new shares with out nominal or par value if the Company is author ized to issue such shares; as the special resolution shall prescribe.". 2. This Act shall come into fo~ce .on the day upon which it is assented to. No. 56 FIFTH SESSION TENTH LEGISLATURE GEORGE VI BILL

An Act to amend The Companies Act. Received and read the First time Second time Third time HON. MR. HOOKE. EDMONTON: A. Shnltka, King's Printer Title: 1948 (10th, 5th) Bill 56,

An Act to amend The Companies Act

Document details

Collection	Alberta — Bills
Citation	L10 S5 7303
Type	bill
Volume / chapter	L10 S5 7303
Language	en
Format	json
Source	PROVINCIAL
Identifier	14a900aa20425a8b2d068fd8d60cec47f72ef8b9

Source file is stored in the law ingest library (json).