36
No other notice of call
necessary.
Extension of time for paying calls.
Premium and instalment
deemed to be "call".
Interest on unpaid calls.
Evidence in action for call.
Registers of shareholders.
Entries in registers.
27. Save as provided by Regulation 26, no notice of any call need be given to any sharholder.
28. The Board may from time to time, at its discretion, extend the time fixed for the payment of any call, and in particular may extend such time as to all or any of the shareholders whom, for any cause, the Board may deem en- titled to any such extension; but no shareholder shall be entitled to any such extension, except as a matter of grace and favour.
29. 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. 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 shall have been made and be 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. 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.-(1) The Board shall keep the following registers of its shareholders, and shall enter therein the particulars specified in paragraph (2) of this regulation :----
(a) In the Colony, a register, which shall be called "The Principal
Register".
(b) In London, a local register, which shall be called "The London
Register".
and may keep
(c) In Shanghai, a local register, which shall be called "The Shanghai
Register".
(2) In the registers aforesaid there shall be entered the following parti- culars
-
(a) The names and addresses, and the occupations, or descriptions, if any, of the shareholders, respectively entitled and requiring to be registered in one of such registers and a statement of the shares held by each shareholder distinguishing each share by its number, and of the amount paid or agreed to be considered as paid on the shares of each shareholder; provided that no shareholder shall be entitled to be entered in more than one register at the same time in respect of the same shares.
(b) The date at which each shareholder was entered in the register as
a shareholder in respect of any share or shares.
(c) The date at which each shareholder ceased to be a shareholder in
respect of any share or shares.