CO129-537-11 Companies Ordinance 1932 2-12-1932 - 26-5-1934 — Page 275

342

for references to Acts of

1908 and 1917.

Sub-section läken. from No. 58 of 1911, 'S. 257 (3).

for "summary" Sub-sections taken from No. 58 of 1911, 5.252 (4)(5)

(6) (1)

323.

This section is taken from No.58 of 1911 5.253. Words in brackets.

added.

Power of companies

124

subsection (1) of section two hundred and fifty-two_of the Companies Ordinance, 1911,) deliver the docu- inents and particulars in accordance with subsection (1) of this section within three months from the commencement of this Ordinance.

(8) Every company to which this section applies shali in every year fine with the registrar of companies such a statement in the form of a balance sheel as would, if it were a company formed and registered under thuis Ordnance and having a share capital, pe required under this Ordinance to be included in the annual return.

(4) Every company to which this section applies, and which uses the word “Limited', or the Camese characters A♬, as part of its name shall-

(a) in every prospectus inviting subscriptions for its shares or debentures in the Colony state the country in winch the company

is in- corporated; and

(b) conspicuously exhibit on every place where it carries on business in the Colony the naine 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, advertise- ments, 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 five hundred dollars, or, in the case of a continuing offence, fifty dollars for every day during which the failure continues.

(6) For the purposes of this section--

(a) "certified" means certihed to the satisfaction of the registrar of companies to be a true copy or a correct translation;

(b) director" includes any person occupying the position of director, by whatever name called; (c) "place of business includes a share transfer

or share registration office; and (d) "prospectus" means any prospectus, notice, circular, advertisement, or other invitation, offering to the public for subscription or pur-

chase any shares or debentures of the com-

pany.

(7) There shall be paid to the registrar of companies for registering any document required by this section to be filed with him a fee of three dollars or such smaller fee as may be prescribed.

320.-(1) No company incorporated outside the Colony elsewhere than in the United Kingdom or a incorporated British possession, may hereafter acquire immovable property (except tenancies at rack rents for terms not excceding five years) in the Colony unless—

outside the Colony to

hold im- movable property by consent. 19 Geo. 5, c. 23, s. 345 and

Ordinance No. 58 of 1911... 253.

(a) It is empowered by its constitution to acquire

immovable property;

(b) it shall have filed with the registrar of com- panies the documents and particulars specified in section 319 (1); and

(c) it shall have obtained the special consent of

the Governor in Council.