The Gazette 1983

GAZETTE

NOVEMBER 1983

public limited company but shall notify it that if, within 3

years from the appointed day (called in the Act the

"transitional period for share capital") it has not satisfied

these conditions it must either re-register as another form

of company or wind up voluntarily under Section 251 of

the 1963 Act. Failure to take either of these steps now

constitutes grounds for a winding up by the Court under

Section 213(i) of the 1963 Act.

All rights or obligations of an old public company and

all legal proceedings by or against it are preserved on re-

registration.

Failure by an old public company to re-register as a

public limited company by the end of the re-registration

period is an offence both for the company and any officer

in default unless at that time the Company

(a) has applied to be re-registered as a p.I.e. and the

application has not been refused or withdrawn;

(b) has applied to be re-registered as another form of

company.

Further, ifan old publiccompany has applied under (b)

above and failed to fulfil the requirements for such re-

registration, there are similar offence provisions unless

within a period of 12 months from the end of the re-

registration period —

(a) the requirements have been fulfilled and re-registra-

tion has taken place; or

(b) the company has re-registered in another form than

for which application was made; or

(c) the company has been wound up voluntarily under

Section 251 of the Act.

The Act also provides in Section 14 for the re-registra-

tion of a public limited company as a private company.

Section 15, however, gives the right to a minority of

dissenting shareholders to apply to the Court for the

cancellation of the special resolution providing for such

re-registration. The Court may make an order cancelling

or confirming the resolution and may also adjourn the

proceedings so that arrangements may be made to

purchase the dissenting members' shares.

An application as above may be made

(a) by the holders of not less in the aggregate

five

per cent in nominal value of the company's issued

share capital or any class thereof;

(b) if not limited by shares by not less than five per cent

of its members; or

(c) by not less than 50 members.

Section 17 provides that, save as provided, a public

limited company may not reduce its capital below the

authorised minimum. Section 72 of the 1903 Act, dealing

with reduction of capital, is to be construed accordingly.

•

You can

judgea

businessman

by the

portable

heuses.

Dictaphone 124 TheNotetaker

Instead of making notes on

scraps of paper, let the 124

streamline your working

day. You can record your

thoughts in a quarter of the

time it takes to write them

down. It's shorter than a

ballpoint pen, smaller than a

notepad, yet it records for 30

minutes. That's equivalent to

15 pages of typing.

Dictaphone 125 TheHomeworker

There's no need to hold up

your work because your

secretary has gone home.

The 125 g i v es you 30 minutes

dictation in the palm of your

hand. There's a thumb-

operated cueing system for

indexing letters and

instructions, top located

microphone and warning

signals for end of tape and

low battery.

[)i'-t,iph(

'if»-111V I.M I.'

To: Dictaphone Company Ltd,

Leeson Court 86 - 88 Lower Leeson Street

Dublin Tel: 789144

Please send me more information on your portable

dictation range and the address of my nearest stockist.

(Continued).

f i Dictaphone

A Pitney Bowes Company

PORTABLE DICTATORS

244