§ Sir J. POWERasked the President of the Board of Trade whether his attention is drawn from time to time to Section 112 (1) and (2) of the Companies Act, 1929; what steps he takes when default is brought to his notice; and what system generally is adopted to ascertain the names of companies who fail to conform to Sub-section (1) of the said section?
§ Dr. BURGINIt is the practice of the Registrar of Companies, in the case of public companies, to report to the Board of Trade any default under Section 112 of the Companies Act, 1929, which is disclosed in the annual return required to be made to the Registrar under Section 453W 110. On receipt of information of default from this or any other source, inquiries are addressed to the company and, if no satisfactory answer is received, the question of proceedings is considered.