Section VI
Shares to be taken by subscribers of Memorandum of Association.
The Joint-stock Companies Act, 1857
About this Act
An Act to make better provision for the order and good government of the Suburbs of Calcutta and of the station of Howrah.
Every subscriber of
the Memorandum of Association shall take one share at the least in the Company; the number of
shares taken by each subscriber shall be set opposite his name in such Memorandum of Association;
and upon the incorporation of the Company, he shall be entered in the Register of shareholders
hereinafter mentioned as a shareholders to the extent of the shares he has taken.