COMPANIES.
No. 58 of 1911.
2091
just for placing the company and all other persons in the same position, as nearly as may be, as if the name of the company had never been struck off.
(4) A letter or notice under this section may be addressed to the company at its registered office, or, if no office has been registered, to the care of some director or officer of the company, or if there is no director or officer of the company whose name and address are known to the Registrar of Companies, may be sent to each of the persons who subscribed the memorandum, addressed to him at the address mentioned in the memorandum.
pliance with
37. If a company makes default in complying with any of the Penalty for provisions of section 35, or of any regulation relating thereto, it shall be liable to a penalty not exceeding 50 dollars for every day during which the default continues, and every director or manager of the company who knowingly or wilfully authorises or permits the default shall be liable to the like penalty.
*
Issue and share warrants to bearer.
38.-(1) A company limited by shares, if so authorised by its articles, may, with respect to any fully paid-up shares, or to stock issue under its common seal a warrant stating that the bearer of the warrant is entitled to the shares or stock therein specified, and may provide, by coupons or otherwise, for the payment of the future dividends on the shares or stock included in the warrant, in this Ordinance termed a "share warrant."
(2) A share warrant shall entitle the bearer thereof to the shares or stock therein specified, and the shares or stock may be transferred by delivery of the warrant.
(3) The bearer of a share warrant shall, subject to the articles of the company, be entitled, on surrendering it for cancellation, to have his name entered as a member in the register of members; and the company shall be responsible for any loss incurred by any person by reason of the company entering in its register the name of a bearer of a share warrant in respect of the shares or stock therein specified without the warrant being surrendered and cancelled.
(4) The bearer of a share warrant may, if the articles of the company so provide, be deemed to be a member of the company within the meaning of this Ordinance, either to the full extent or
* As amended by No. 16 of 1912,