688
Certificate of shares or stock.
Inspection of register.
Power to close register.
Notice of increase of capital and of members to be given to Registrar.
ORDINANCE No. 1 OF 1865.
Companies, &c. (Part II. Distribution of Capital.)
30. A certificate, under the common seal of the company, specifying any share or shares or stock held by any member of a company, shall be prima facie evidence of the title of the member to the share or shares or stock therein specified.
31. The register of members, commencing from the date of the registration of the company, shall be kept at the registered office of the company hereinafter mentioned: Except when closed as hereinafter mentioned, it shall during business hours, but subject to such reasonable restrictions as the company in general meeting may impose, so that not less than two hours in each day be appointed for inspection, be open to the inspection of any member gratis, and to the inspection of any other person on the payment of one dollar, or such less sum as the company may prescribe, for each inspection; and every such member or other person may require a copy of such register, or of any part thereof, or of such list or summary of members as is hereinbefore mentioned, on payment of twenty-five cents for every hundred words required to be copied: If such inspection or copy is refused, the company shall incur for each refusal a penalty not exceeding fifty dollars, and a further penalty not exceeding fifty dollars for every day during which such refusal continues, and every director and manager of the company who shall knowingly authorize or permit such refusal shall incur the like penalty; and in addition to the above penalty, as respects companies registered as aforesaid, the Chief Justice sitting in Chambers may by order compel an immediate inspection of the register.
32. Any company under this Ordinance, may upon giving notice by advertisement in the Hongkong Government Gazette close the register of members for any time or times not exceeding in the whole thirty days in each year.
33. Where a company has a capital divided into shares, whether such shares may or may not have been converted into stock, notice of increase in such capital beyond the registered capital, and where any company has not a capital divided into shares, notice of any increase in the number of members beyond the registered number, shall be given to the Registrar in the case of an increase of capital, within fifteen days from the date of the passing of the resolution by which such increase has been authorized, and in the case of an increase of members within fifteen days from the time at which such increase of members has been authorized.
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