COMPANIES.
No. 58 of 1911.
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mortgages.
102.--(1) Every limited company shall keep at its registered office a register of mortgages and enter therein all mortgages and charges specifically affecting property of the company, giving in each case a short description of the property mortgaged or charged, the amount of the mortgage or charge, and (except in the case of securities to bearer) the names of the mortgagees or persons entitled thereto.
(2) Every director or other officer of the company who knowingly and wilfully authorises or permits the omission of any entry required to be made in pursuance of this section, shall be liable to a fine not exceeding five hundred dollars.
copies of
mortgages
103.--(1) The copies of instruments creating any mortgage or charge requiring registration under this Ordinance with the Registrar of Companies, and the register of mortgages kept in pursuance of section 102, shall be open at all reasonable times to the inspection of the Registrar of Companies or of any creditor or member of the company without fee, and the register of mortgages shall also be open to the inspection of any other person on payment of such fee, not exceeding fifty cents for each inspection, as the company may prescribe.
(2) If inspection of the said copies or register is refused, the company and any officer of the company refusing inspection, and every director and manager of the company authorising or knowingly and wilfully permitting the refusal, shall be liable to a fine not exceeding fifty dollars, and a further fine not exceeding twenty dollars for every day during which the refusal continues; and, in addition to the above penalty, any judge in chambers may by order compel an immediate inspection of the copies or register.
(3) If such inspection cannot be obtained at the registered office of the company with the exercise of a reasonable amount of diligence, the company shall be liable to the same penalties as if such inspection had been actually refused.
and com-
holders to
104.-(1) Every register of holders of debentures of a company shall, except when closed in accordance with the articles during such period or periods (not exceeding in the whole thirty days in any year) as may be specified in the articles, be open to the inspection of the registered holder of debentures and
* As amended by Law Rev. Ord., 1924.
† As amended by No. 22 of 1913 and Law Rev. Ord., 1924.
debenture
to have copies of
trust deed.
8 Edw. 7, c. 69, s. 102.
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