The Gazette 1983

GAZETTE

NOVEMBER 1983

You can judgea businessman by the portable heuses. Dictaphone 124 TheNotetaker

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at that time the Company (a) has applied to be re-registered as a p.I.e. and the application has not been refused or withdrawn; or (b) has applied to be re-registered as another form of company.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 (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. • purchase the dissenting members' shares. An application as above may be made

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.

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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.

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f i Dictaphone A Pitney Bowes Company

I | PORTABLE DICTATORS

(Continued).

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