CO129-395 - Public Offices - 1912 — Page 472

V

468

respect of which "default" has been madz

shall be guilty of

ffruce and

for

au

Every

ulien

not exceeding

Jay

Jung

ļ

men offence

Continues

registrar of companies at Shanghai a ·

return signed by the auditor of the

company giving particulars of the shares

issued, of the amounts paid thereon, of

in/payment

the shares in/payment of sums due on-

which default has been made, and of the

shares forfeited.

(4) If shares are issued by a China

Company on terms which fail to comply

with the provisions of this Article, or

if other default is made in complying

therewith, the company and every direc-

tor, manager, secretary and other officer,

who is knowingly a party to such issue

or default, shall be liable to a fine of

500 dollars

(5) Where on application made it

is established to the satisfaction of

the court that there has been a failure

to comply with the provisions of this

article through inadvertence or acciden-

tal