Auditing a Practical Manual for Auditors
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In our eReader you can find the full English version of the book. Read Auditing a Practical Manual for Auditors Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Auditing a Practical Manual for Auditors
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, LIM. (Decided by Stirling, J. , in the Chancery Division, on 26th April 1895. ) Held that a Company cannot be restrained from declaring a Dividend out of current Profits, because no -provision has been made for Depreciation of Fixed Assets. This was a motion on behalf of the ordinary shareholders of the defendant company asking for an injunction to restrain the directors from acting upon a resolution passed at a general meeting of the company, that a sum of /. ■5, 8i6 12s. 6d. Should be appli...ed in payment of a dividend to the preference shareholders, and also from declaring or paying an}' dividend for the year ending the 30th June 1S94. The real object of the action, which was a friendly one, was to ascertain whether or not the dividend in question could be lawfully paid. The defendant company was formed in 1887 to acquire and develop a carrier's business previously known as Arthur McNamara & Co. , and to carry on the business of general carriers of mails, parcels, goods, &c. The capital of the company was ^120, 000, divided into 12, 000 shares of /.
What to read after Auditing a Practical Manual for Auditors?
You can find similar books in the "Read Also" column, or choose other free books by Lawrence Robert Dicksee to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
, LIM. (Decided by Stirling, J. , in the Chancery Division, on 26th April 1895. ) Held that a Company cannot be restrained from declaring a Dividend out of current Profits, because no -provision has been made for Depreciation of Fixed Assets. This was a motion on behalf of the ordinary shareholders of the defendant company asking for an injunction to restrain the directors from acting upon a resolution passed at a general meeting of the company, that a sum of /. ■5, 8i6 12s. 6d. Should be appli...ed in payment of a dividend to the preference shareholders, and also from declaring or paying an}' dividend for the year ending the 30th June 1S94. The real object of the action, which was a friendly one, was to ascertain whether or not the dividend in question could be lawfully paid. The defendant company was formed in 1887 to acquire and develop a carrier's business previously known as Arthur McNamara & Co. , and to carry on the business of general carriers of mails, parcels, goods, &c. The capital of the company was ^120, 000, divided into 12, 000 shares of /.
What to read after Auditing a Practical Manual for Auditors?
You can find similar books in the "Read Also" column, or choose other free books by Lawrence Robert Dicksee to read onlineMoreLess
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