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Palestine Ordinance No: 27 of 1937
MEMORANDUM
Clause 2. The words "or any derivatives
or foreign equivalents thereof" should be
added; compare the provisions of Section 6
of the Palestine Ordinance, a copy of which
is enclosed.
Clause 3. Subscribed capital should
also be included, and the words "with equal
prominence" should be added after "therein".
Clause 6. The power which is given to
the Registrar of Companies to impose fines
on companies is open to objection, and it is
suggested that the provision should be
deleted, as also Clause 7, which depends
upon it.
If the provision is to remain, it
should be made clear that the company can
refuse to pay the fine, in which case
presumably a prosecution would follow, in
the ordinary way: and also that payment of
the fine expiates the offence. But it is
much to be preferred that the section should
be
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