1989 Ed.]
The Hongkong and Shanghai Bank Regulations
[CAP. 70
A 19
[Subsidiary]
of the shareholders whom for any cause the board may deem entitled to any such extension; but no shareholder shall be entitled to any such extension except as a matter of grace and favour.
29. Premium and instalment deemed to be "call"
Any sum or premium which by the terms of allotment of a share is made payable upon allotment or at any fixed date and any instalment of a call or premium shall for the purposes of these regulations be deemed to be a call duly made and payable on the date fixed for payment and shall be included in the word "call" whenever used in these regulations, and in the case of non-payment, the provisions of these regulations as to payment of interest and expenses, forfeiture and the like and all other relevant provisions of these regulations shall apply as if such sum, premium or instalment were a call duly made and notified as hereby provided.
30. Interest on unpaid calls
If the sum payable in respect of any call be not paid on or before the day appointed for payment thereof, the holder for the time being of the share in respect of which the call has been made and is due shall pay interest upon the amount in arrear from the day appointed for the payment thereof to the time of the actual payment, at such rate of interest as the shareholders may by resolution determine or, failing such determination, as the board may decide.
31. Evidence in action for call
At the trial or hearing of any action or other legal proceeding for the recovery of any money due for any call it shall be sufficient to prove that the name of the party sued is entered in a register as the holder, or one of the holders, of the shares in respect of which such call was made and that notice of such call was duly given and it shall not be necessary to prove any other matters of whatsoever nature, but the proof of the matters aforesaid shall be conclusive evidence of the debt.
Registers of shareholders-registers as evidence
32. Particulars to be entered in registers; closures; limitations on transfers between registers
(1) The board shall keep the following registers which shall for all purposes include such devices for storing and processing information as the