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Memorandum and Articles of Association of Petroleum Development (Trucial Coast) Limited, and of Petroleum Development (Qatar) Limited [‎207r] (73/80)

The record is made up of 1 file (2 files, 40 folios). It was created in 1936. It was written in English. The original is part of the British Library: India Office The department of the British Government to which the Government of India reported between 1858 and 1947. The successor to the Court of Directors. Records and Private Papers Documents collected in a private capacity. .

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27
but no amount paid on a share in advance of calls shall, while
carrying interest, be treated for the purposes of this article as paid
on the share. All dividends shall be apportioned and paid pro rata
according to the amounts paid on the shares during any portion
or portions of the period in respect of which the dividend is paid,
but if any share is issued on terms providing that it shall rank for
dividend as from a particular date, such share shall rank for dividend
accordingly.
99. The Directors may from time to time pay to the members
such interim dividends as appear to the Directors to be justified by
the profits of the Company.
100. The Directors may from time to time set aside out of
the profits of the Company (including therein premiums obtained
on the issue of shares) and carry to reserve or reserves such sums
as they think proper, w T hich shall, at the discretion of the Directors,
be applicable for meeting contingencies, or for the gradual liquida
tion of any debt or liability of the Company, or for repairing or
maintaining the works plant and machinery of the Company, or
for equalising dividends, or for any other purpose to which the
profits of the Company may properly be applied, and pending such
application may, at the like discretion, either be employed in the
business of the Company, or be invested in such investments (other
than shares of the Company) as the Directors may from time to
time think fit.
101. The Directors may deduct from any dividend payable to
any member all sums of money (if any) presently payable by him to
the Company on account of calls or otherwise.
102. No dividend shall bear interest as against the Company.
103. Any dividend may be paid by cheque payable to the
order and sent through the post to the registered address of the
member entitled thereto.
CAPITALISATION OF PROFITS.
104. The Company in general meeting may, upon the recom
mendation of the Directors, resolve that it is desirable to capita is
any undivided profits of the Company not required foi paying
fixed dividends on any Preference Shares (including profits ca

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Content

This file consists of two bound and printed pamphlets as follows:

1) Memorandum and Articles of Association of Petroleum Development ( Trucial Coast A name used by Britain from the nineteenth century to 1971 to refer to the present-day United Arab Emirates. ) Limited. Incorporated the 30th day of September, 1936. (folios 171-190).

2) Memorandum and Articles of Association of Petroleum Development (Qatar) Limited. Incorporated the 21st day of August, 1936. (folios 191-210).

Extent and format
1 file (2 files, 40 folios)
Physical characteristics

Condition: Two printed pamphlets with bound pages.

Foliation: The file's foliation sequence is written in pencil, circled, and is located in the top right corner of the recto The front of a sheet of paper or leaf, often abbreviated to 'r'. side of each folio.

Written in
English in Latin script
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Memorandum and Articles of Association of Petroleum Development (Trucial Coast) Limited, and of Petroleum Development (Qatar) Limited [‎207r] (73/80), British Library: India Office Records and Private Papers, IOR/R/15/1/749/3, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100035849171.0x000015> [accessed 28 March 2024]

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