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be liable to a fine not exceeding five hundred dollars, or, in the case of a continuing offence, fifty dollars for every day during which the failure continues.
(6) For the purposes of this section-
The expression "certified" means certified in the prescribed manner to be a true copy or a cor- rect translation;
The expression "place of business' includes a
share transfer or share registration office; The expression "director" includes any person occupying the position of director, by whatever name called; and
The expression "prospectus" means any prospectus, notice, circular, advertisement, or other invita- tion, offering to the public for subscription or purchase any shares or debentures of the com- pany.
(7) There shall be paid to the registrar for registering any document required by this section to be filed with him n fee of three dollars or such smaller fee as may be prescribed.
253. A company incorporated outside the Colony which Power of has filed with the registrar of companies the documents and companies particulars specified in paragraphs (a), (b) and (c) of sub- incorporate t section (1) of the last foregoing section shall have the outside the
Colony to power to hold lands in the Colony as if it were a company hold lands. incorporated under this Ordinance,
PART X.
SUPPLEMENTAL.
Legal Proceedings, Offences, fc.
8 Edw. 7 c.
69 s. 275.
254. All offences under this Ordinance made punishable Prosecution by any fiue may be prosecuted under the Magistrates Ordin- of offences. ance, 1890.
Ib. s. 276,
255. The magistrate imposing any fine under this Applications Ordinance may direct that the whole or any part thereof of fines. be applied in or towards payment of the costs of the I. s. 277. proceedings, or in or towards the rewarding the person on whose information or at whose suit the fine is recovered, and subject to any such direction all fines under this Ordin- ance shall notwithstanding anything in any other Ordinance be paid to the Colonial Treasurer.
limited
256. Where a limited company is plaintiff in any action Costs in or other legal proceeding, any judge having jurisdiction in actions by the matter may, if it appears by credible testimony that certain there is reason to believe that the company will be unable companies. to pay the costs of the defendant if successful in his Ib. s. 218. defence, require sufficient scenrity to be given for those costs, and may stay all proceedings until the security is given.
257.—(1) If any company fails to pay the whole or any part of any fine or penalty imposed by a Magistrate under this Ordinance within one month of the day on which the said fine or penalty was imposed, the registrar of companies shall publish in the Gazette and send to the company by post a notice that at the expiration of two months from the date of such notice the name of the company mentioned therein will, unless the said fine or penalty be soouer paid, be struck off the Register and the company will be dissolved. (2) At the expiration of the time mentioned in the notice the registrar may, unless cause to the contrary is previously shown by the company, strike its name off the Register, and shall publish notice thereof in the Gazette, and on the publication in the Gazette of this notice the company shall he dissolved: Provided that the liability (if any) of every director, managing officer, and member of the company shall continue and may be enforced as if the company had not been dissolved.
(3) If a company or any member or creditor thereof feels aggrieved by the company having been struck off the Re- gister, the court on the application of the company or
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