ooregum gold mining co of india v roper

Ooregum Gold Mining Co of India v Roper - Wikipedia

Ooregum Gold Mining Co of India v Roper [1892] AC 125 is an old and controversial English company law case concerning shares. It concerns the rule that shares should not be issued "at a discount" on the price at which they were issued. Under United Kingdom company law the rule is now codified in Companies Act...

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Ooregum Gold Mining Co of India v Roper | Revolvy

Ooregum Gold Mining Co of India v Roper Ooregum Gold Mining Co of India v Roper [1892] AC 125 is an old and controversial English company law case concerning shares. It concerns the rule that shares should not be issued \"at a discount\" on the price at which they were issued. Under United Kingdom company law the...

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Selling New Shares at Less Than Par - Digital Repository @ Maurer ...

SELLING NEW SHARES AT LESS THAN PAR. HANDLEY V. STUTZ, 139 U. S. 417. OOREGum GOLD MINING COMPANY OF INDIA v. ROPER, [1892] A. C.. 125, H. L.. The recent affirmance by the law lords of the House of Lords of the doctrine that a subscriber to the shares of a corporation is liable for the last penny of the...

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Answers - ACCA Global

value of the shares together with any premium due. The strictness of this rule may be seen in Ooregum Gold Mining Co of. India v Roper (1892). In that case the shares in the company, although nominally £1, were trading at 12·5p. In an honest attempt to refinance the company, new £1 preference shares were issued and...

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Shareholders And Their Obligation To Pay-Up For Shares - a ...

[73] See Ooregum Gold Mining Co of India Ltd. v Roper [1892] AC 125; Re White Star Line [1938] Ch 458; Tintin Exploration Syndicate v Sandys (1947) 177 LT 412; Re Bradford Investments plc (No.2) [1991] BCLC 688; Pro-Image Studios v Commonwealth Bank of Australia (1990-1991) 4 ACSR 586; System Controls plc v...

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Share Capital and Capital Maintenance – Companies Bill 2015 ...

Any allotment of shares exceeding that authorised in the memorandum of association is void – Bank of Hindustan, China & Japan Ltd v Alison. (1871) LR 6 CP 222. •. The decision of the court in Ooregum Gold Mining Co of India v Roper. [1892] AC 125, which was later codified into statute, sets out that issuance of shares...

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House of Lords - Soden and Another v. British & Commonwealth ...

Second, it was not until the decision of this House in Ooregum Gold Mining Co. of India Ltd. v. Roper; Wallroth v. Roper (1892) A.C. 125 that it was established that a company had no power to issue shares at a discount. In the Addlestone case the company had issued £10 shares expressed as being fully paid at a discount...

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Types ofCompanies

A "company limited by shares" means a company formed on the principle of having the liability of its members limited by the memorandum to the amount (if any) unpaid on the shares respectively held by them. Most companies in Malaysia are companies limited by shares. In Ooregum Gold Mining Co of India Ltd v Roper...

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Chapter 6 Maintance of Capital - 4.5.2 Morris v Kanssen[1946 AC ...

This means that the company must receive at least the nominal value for the shares: Ooregum Gold Mining Co of India Ltd v Roper (1982). This is now covered by s 580(1) CA 2006. A breach of this 'no discount' rule results in the allottee having to pay the amount of the discount plus interest at five per cent. • 3 There are...

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CG-APP11 - Capital Gains Manual - HMRC internal manual - GOV.UK

Mar 12, 2016 ... In Ooregum Gold Mining Co of India v Roper [1892] A.C. 125 Lord Halsbury said. 'The capital is fixed and certain and every creditor is entitled to look at that capital as his security.' A share certificate is prima facie evidence of ownership of a share. However, it does not, of itself, constitute ownership of the...

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SECTION 48 OF THE COMPANIES ACT 71 OF 2008 By NAMALA ...

Jun 5, 2012 ... which the creditors have a right to look as that out of which they are to be paid. The. 16 Trevor v Whitworth (1887) 12 app cas 409 (HL) 416. 17 Ibid. 18 Cilliers (2000) 322, fn 2. 19 The Ooregum Gold Mining Company of India Ltd v Roper (1982) AC 125 at 133. 20 Cohen NO v Segal (1970) SA 702 (W) at...

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Company Law - The Open University of Tanzania Repository

Mar 1, 1999 ... Ooregum Gold Mining Co of India Ltd v Roper [1892] AC 125. 179. Opera Photographic Ltd [1989] 1 WLR 634. 124, 126. Orion Finance Ltd v Crown Financial Management. Ltd [1996] 2 BCLC 78. 338. Oshkosh B'Gosh v Dan Marbel Inc Ltd [1989] BCLC 507. 50, 93. Ossory Estates plc, Re [1988] BCLC 213.

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part a bar course 2014 - NUS - Faculty of Law

Oct 8, 2014 ... shareholders have no further obligation to pay the difference: Ooregum Gold Mining. Co of India v Roper [1892] AC 127. B. Shares. 1. Definition. Neither legislation nor cases have defined comprehensively what is a share. o A 'share', according to section 4 of the Companies Act, means a share in the share.

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1 CHAPTER 6 CAPITAL MAINTENANCE John Armour ... - CiteSeerX

has been entered on the register of members (National Westminster Bank plc v IRC[1995] 1 AC 119). This distinction is of no significance from the standpoint of capital maintenance. 6 Ooregum Gold Mining Co of India Ltd v Roper [1892] AC 125; Companies Act 1985 s 100. 7 Hilder v Dexter[1902] AC 474. 8 "Cash"...

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Edmonton Country Club Ltd. v. Case - SCC Cases (Lexum)

Mar 17, 1974 ... Such a scheme runs directly counter to the authorities (see Ooregum Gold Mining Company of India, Ltd. v. Roper et al.[2]; Bisgood v. Henderson's Transvaal Estates, Ltd.[3], and Shalfoon v. Cheddar Valley Co-operative Dairy Co. Ltd.[4]) and to the Act under which Edmonton Country Club Limited was...

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Full text of "The Secretarys Manual On The Law And Practice"

589 170 Nothard, Lowe and Wills, Houghton & Co. v., [1927] 1 K. B. 246 40 Oceana Development Co., in re, [1912] r,f> S. J. 537 - 174 Odhams Press, Long Acre Press v., [1930] W. N. 147 - - - 236 Ooregum Gold Mining Co. of India v. Roper, [1892] App. Ca. 125 168 Oriental Telephone &c., Baillie v., [1915] 1 Ch. 503 - 215...

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Essay: Maintenance of share capital - Essay UK Free Essay Database

[6] Ooregum Gold Mining Co of India v Roper [1892] AC 125 at 145, HL, per Lord Macnaghten. [7] Halsbury's Laws of England: Companies (Volume 7(1) (2004 Reissue) 522. Paid up capital. [8] CA2006 s.542(1). [9] CA2006 ss9(1), 9(4)(a), 761-763; Hill (2007) p.30. [10] Hill (2007) p.29. [11] Hill (2007) p.28. [12]Halsbury's...

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Madanlal Fakirchand Dudhediya vs Shree ... - Indian Kanoon

Hilder v. Dexter, (1902) A.C. 472, explained. The Ooregum Gold Mining Co. of India Ltd. v. George Rover and Charles Henry Wallroth, (1892) A.C. 125, .... the said enabling provision because of an earlier decision of the House of Lords in The Ooregum Gold Mining Co. of India, Ltd. And George Roper and Charles Henry...

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Greenhalgh v. Arderne Cinemas Ltd

"Greenhalgh v. Arderne Cinemas Ltd" [1951] Ch 286, [1950] 2 All ER 1120 is UK company law case concerning the issue of shares, and "fraud on the minority", as an .... Ooregum Gold Mining Co of India v Roper — Court House of Lords Citation(s) [1892] AC 125 Keywords Share capital maintenance, issue at a discount...

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Essay on Consideration (Malaysia Law) - 1051 Palabras | Cram

Jul 27, 2013 ... In English law if other than the promisee provide consideration, then the promise could not be enforce by the law. This problem usually may arise when third party involve. For example in the case of Price v Easton (1833), In this case X are doing work for Easton and Easton make a contract with X. In return...

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Justice Austin - Supreme Court of NSW

In Ooregum Gold Mining Co of India Ltd v Roper [1892]. AC 125 at 145, Lord Macnaghten, citing Buckley on the Companies Acts, said that "the dominant and cardinal principle of these Acts is that the investors shall purchase immunity from liability beyond a certain limit, on the terms that there shall be and remain a liability...

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Smith and Keenan's Company Law, 14th Edition - PDF Free Download

... and Another v Phillips and Others [1999] 1 WLR 1092 85, 251, 276, 277 Oakdale (Richmond) Ltd v National Westminster Bank plc [1997] 1 BCLC 63 424 Ocean Coal Co Ltd v Powell Duffryn Steam Coal Co Ltd [1932] 1 Ch 654 212 Oliver v Dalgleish [1963] 3 All ER 330 395, 396 Ooregum Gold Mining Co of India v Roper...

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companies act 2013

held, in Ooregum Gold Mining Co of India Ltd v Roper [1892] the system would be rendered wholly redundant if a company could, for example, issue a £1 share for 50p and then treat it as fully paid so there were no more liabilities on the part of the shareholder. The creditors of the company might then be seriously misled...

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university of london thesis - UCL Discovery

Oct 1, 2005 ... Oakbank Oil Co v Crum (1882) LR 8 App Cas 65 (HL) (Sc) ... 117-18, 121-22. Ocean Coal Co Ltd v Powell Duffryn Steam Coal Co Ltd [1932] 1 Ch 654 ... 232. O 'Neill v Phillips [1999] 1 WLR 1092 (HL) ... 5, 26, 48, 190, 192-93, 198, 233, 250-51, 284. Ooregum Gold Mining Co of India Ltd v Roper [1892] AC...

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corporate authority and dealings with officers and agents

Jul 16, 2001 ... Ooregum Gold Mining Company of India v Roper [1892] AC 125…66. P. Panorama Developments (Guilford) Ltd v Fidelis Furnishings Fabrics Ltd [1971] 2 QB. 711…7, 15. Perkins v NAB (1999) 30 ACSR 256…46, 116, 122, 136. Pyramid Building Society v Scorpion Hotels Pty Ltd (1996) 14 ACLC 679…11,...

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Company Law - Finance Business Service

Oakbank Oil Co v Crum (1882) 8 App Cas 65. 95, 345. Oakes v Turquand (1867) LR 2 HL 325. 39. Ord v Bellhaven Pubs Ltd [1998] BCC 607. 67, 71. Oasis Merchandising Services Ltd, Re (1995) BCC 911. 87, 88. Ooregum Gold Mining Co of India Ltd v Roper [1892] AC 125. 179. Opera Photographic Ltd [1989] 1 WLR 634.

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University of Cape Town

Mar 8, 2017 ... 7 Ibid. 8 The discussion in this background only focuses on the concept of par value shares. It is duly appreciated that the pay in requirements for shareholders are many and a discussion of such nature may be a thesis on its own. 9 Ooregum Gold Mining Co. of India –v- Roper 1892 AC 125. See also the...

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Share Premiums (March 1986) - The Takeovers Panel

In Re Wragg Ltd. [1897] 1 Ch 796, Lindley LJ said: "The value paid to the company is measured by the price at which the company agrees to buy what it thinks it is worth its while to acquire". In Ooregum Gold Mining Co. of India Ltd. v Roper [1892] AC 136, Lord Watson said that "shares may be lawfully issued as fully paid up...

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Fundraising (Chapter 6D) - Dr William Higgs, Barrister-at-Law, at ...

Oct 20, 2016 ... A shareholder in a limited liability company purchased immunity from liability beyond a certain limit on terms that there would be, and there would remain, a liability up to that limit (Webb's Case at 28, citing Trevor v Whitworth (1887) 12 App Cas 409 and Ooregum Gold Mining Co of India v Roper [1892] AC...

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Company Law 1 | Limited Liability | Corporations - Scribd

Ooregum Gold Mining Co of India Ltd v Roper [1892] AC 125 pp133; Per Lord Halsbury LC :...the whole structure of a limited company owes its existence to the Act of Parliament, and it is to the Act of Parliament one must refer to see what are its powers, and within what limits it is free to act. Per Lord Denning The Discipline...

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legal perspectives of joint venture companies in developing ...

Apr 28, 1976 ... Old Dominion Copper Mining Ecu VBigelow. Mass. 159, 89 N.E 193,102 (1909). Ooregum Gold Mining Company of India Ltd. V George Roper [1892] A.C 125 (P.C). Pender V Lushington (1877) 6. Ch.D 70. Pepper VLitton 808 U.S 295, 60 S. ct. 238, 84 L.Ed. 281 (1939). Petrocorp Exploration Ltd. V Minister...

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PhD Thesis SASSO L - Core

... Finance 1775-1850 (Baltimore: Johns Hopkins Press, 1936) 76-77 and 85; Morgan V.E. and Thomas W. A., The Stock Exchange, Its History and Functions (Elek. Books, London, 1962) 44; Michie R.C., The London Stock Exchange: a history (OUP 1999) 26-28. 8 Ooregum Gold Mining Co. of India v. Roper [1892] A.C. 125.

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SHARE CAPITAL. - ppt download - SlidePlayer

The total amount of share capital which is actually paid to the company by the members UNPAID or RESERVE CAPITAL Authorised share capital The unpaid or uncalled ... Ooregum Gold Mining Co. of India v Roper [1892] AC 125, the court decided that a company cannot issue shares at a discount and so, the preference...

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Strickley v. Highland Boy Gold Mining Co., :: 200 U.S. 527 (1906 ...

U.S. Supreme Court. Strickley v. Highland Boy Gold Mining Co., 200 U.S. 527 (1906). Strickley v. Highland Boy Gold Mining Company. No. 172. Argued January 25, 1906. Decided February 19, 1906. 200 U.S. 527. Syllabus. If a state statute as construed by the highest court of the state is constitutional, this Court will follow...

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CanLII Connecte - Bonanaza Creek Gold Mining Co. v. The King ...

Bonanza Creek Gold Mining v The King, 1916 (SCC). ·Ratio: Province cannot confer rights to its corporation to act outside its jurisdiction but it can give them (at least to the one created by letter patent – unsure for those created by statute) capacity to act and to receive rights. ·Facts: Ontario company conduct mining business...

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