2194
Power of companies incorporated outside the Colony to hold lands by consent.
8 Edw. 7 c. 69 s. 275.
No. 58 of 1911.
COMPANIES.
balance sheet as would, if it were a company formed and registered under this Ordinance and having a share capital, be required under this Ordinance to be included in the annual summary.
(4) Every company to which this section applies, and which uses the word "Limited", or the Chinese characters 經公司, as part of its name, shall-
(a) in every prospectus inviting subscriptions for its shares or debentures in the Colony state the country in which the company is incorporated; and
(b) conspicuously exhibit on every place where it carries on business in the Colony the name of the company and the country in which the company is incorporated; and
(c) have the name of the company and of the country in which the company is incorporated mentioned in legible characters in all bill-heads and letter paper, and in all notices, advertisements, and other official publications of the company.
(5) If any company to which this section applies fails to comply with any of the requirements of this section the company, and every officer or agent of the company, shall be liable to a fine not exceeding 500 dollars, or, in the case of a continuing offence, 50 dollars for every day during which the failure continues.
(6) For the purposes of this section--
"certified" means certified in the prescribed manner to be a true copy or a correct translation;
"place of business" includes a share transfer or share registration office;
"director" includes any person occupying the position of director, by whatever name called; and
"prospectus" means any prospectus, notice, circular, advertisement, or other invitation, offering to the public for subscription or purchase any shares or debentures of the company.
(7) There shall be paid to the Registrar for registering any document required by this section to be filed with him a fee of 3 dollars or such smaller fee as may be prescribed.
253. (1) No company incorporated outside the Colony may hereafter acquire immovable property in the Colony unless:
(a) it is empowered by its constitution to acquire immovable property; and
* As amended by No. 17 of 1912 and No. 43 of 1912 Supp. Sched.
*
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