Section 25 Meetings to be held once every sixteen weeks.
United Kingdom
The purser of every cost book mine shall duly convene an ordinary meeting of the shareholders in such mine at least once every sixteen weeks, for the transaction of the ordinary business of the said mine, and at every such meeting the cost book of the said mine, containing the accounts and other matters required by this Act to be entered therein, together with a list showing the name and address of every shareholder from whom any call is in arrear and unpaid, and the amount of the calls unpaid by him, shall be laid before the meeting, and be open to full and unrestricted inspection by any shareholder present, and if any purser shall fail to convene such meeting, or to duly hold the same, or shall fail to produce the said cost book thereat or to permit it to be inspected as aforesaid, he shall forfeit for each and every such default a sum not exceeding F1level 1 on the standard scale, to be recovered in a summary manner on the complaint of any shareholder in the company, before any two or more justices of the peace.
Annotations
Textual amendments
- F1
Words substituted by virtue of Criminal Justice Act 1982 (c.48, SIF 39:1), s. 46
Notes on the whole Act
Textual amendments
- F1
Act repealed (19.11.1998) by 1998 c. 43, s. 1(1), Sch. 1, Pt. X, Group 1