Exemption
from certain duties in case of shares registered in local
or branch registers.
19 & 20 Geo.
5, c. 23,
s. 105.
Ordinance No. 3 of 1932.
Provisions
as to branch registers of companies kept in the Colony.
19 & 20 Geo. 5, c. 23,
■. 107.
Annual
return to be made by
company having a share capital.
19 & 20 Geo. 5, c. 23,
į
8. 108.
1568
(7) If default is made in complying with subsection (3) of this section, the company and every officer.of the company who is in default shall be liable to a default fine.
105.—(1) An instrument of transfer of a share registered in a local or branch register, shall be deemed to be a transfer of property situate out of the Colony, and, unless executed in any part of the Colony, shall be exempt from stamp duty chargeable in the Colony.
(2) No estate duty under the Estate Duty Ordin- ance, 1932, shall be payable in respect of the share or other interest of a deceased member registered in a local or branch register kept out of the Colony under this Ordinance.
106.-(1) If by virtue of the law in force in any part of His Majesty's dominions outside the Colony companies incorporated under that law have power to keep in the Colony local or branch registers of their members resident in the Colony, the Governor in Council may by Order direct that sections ninety eight and one hundred of this Ordinance shall, subject to any modifications and adaptations specified in the Order, apply to and in relation to any such local or branch registers kept in the Colony as they apply to and in relation to the registers of companies within the meaning of this Ordinance.
(2) For the purposes of this section, the expression "His Majesty's dominions" includes any territory which is under His Majesty's protection or in respect of which a mandate under the League of Nations has been accepted by His Majesty.
Annual Return.
107.—(1) Every company having a share capital shall once at least in every year make a return con- taining a list of all persons who, on the day of the first or only ordinary general meeting in the year, are members of the company, and of all persons who have ceased to be members since the date of the last return or, in the case of the first return, of the incorporation of the company.
(2) The list must state the names, addresses, and occupations of all the past and present members therein mentioned (and in the case of Chinese mem- bers their names shall be given both in English and Chinese characters) and the number of shares held by each of the existing members at the date of the return, specifying shares transferred since the date of the last return or, in the case of the first return, of the incorporation of the company by persons who are still members and have ceased to be members respectively and the dates of registration of the transfers, and, if the names therein are not arranged in alphabetical order, must have annexed to it an index sufficient to enable the name of any person in the list to be readily found:
Provided that, where the company has converted any of its shares into stock and given notice of the conversion to the registrar of companies, the list must state the amount of stock held by each of the existing members instead of the amount of shares and the particulars relating to shares hereinbefore required.
(3) The return must also state the address of the registered office of the company and must contain a summary distinguishing between shares issued for cash and shares issued as fully or partly paid up otherwise than in cash, and specifying the following particulars :-
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