National Security (Capital Issues) Regulations (Amendment) (Cth)

STATUTORY RULES.

1945. No. 133.

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REGULATIONS UNDER THE NATIONAL SECURITY ACT 1939-1943.*

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the National Security Act 1939-1943.

Dated this twentieth day of August, 1945.

HENRY

Governor-General.

By His Royal Highness’s Command,

J. B. CHIFLEY

for and on behalf of the Minister of State for Defence.

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Amendments of the National Security (Capital Issues) Regulations. 

Formation of companies.

1.Regulation 6 of the National Security (Capital Issues) Regulations is amended by adding at the end of sub-regulation (1.) the words “, which is proposed to be registered with a nominal capital exceeding Ten thousand pounds”.

Increase in capital of companies.

2.Regulation 7 of the National Security (Capital Issues) Regulations is amended by omitting paragraphs (a), (b), (c), (d) and (e) of sub-regulation (1.) and inserting in their stead the following paragraphs:—

“(a) increase the nominal capital of the company by such an amount that the total increase in the nominal capital of the company during the preceding year (including the increase then made) would exceed Ten thousand pounds;

* Notified in the Commonwealth Gazette on 20th August, 1945.

 Statutory Rules 1940, No. 218, as amended by Statutory Rules 1940, Nos. 242 and 291; 1941, Nos. 150 and 304; 1942, Nos. 28, 126, 196, 366 and 424; and 1945, Nos. 20 and 107.

4863.—Price 3d.

“(b) make an issue of authorized capital of the company of such an amount that the total amount of authorized capital issued by the company during the preceding year (including the issue then made) would exceed Ten thousand pounds;

“(c) make a call upon shares issued by the company so that the total amount of the calls made by the company during the preceding year (including the call then made) would exceed Ten thousand pounds;

“(d) issue any shares at a premium; or

“(e) receive any payment on account of the authorized capital of the company, unless the payment—

(i) is on account of authorized capital the issue of which is permitted by or under these Regulations; or

(ii) is in respect of calls the making of which is permitted by or under these Regulations”.

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By Authority: L. F. Johnston, Commonwealth Government Printer, Canberra.