193437-1932-Supplementary-Draft-Bill--Companies — Page 42

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(7) If default is made in complying with subsection (3) of this section, the company and every officer of the company who is in default shall be liable to a default fine.

from certain

105.-(1) An instrument of transfer of a share Exemption registered in a local or branch register, shall be deemed to be a transfer of property situate out of the Colony, duties in and, unless executed in any part of the Colony, shall case of he exempt from stamp duty chargeable in the shares Colony,

registered in local or branch registers.

19 & 20 Geo. 5, c. 23,

s. 105.

1932.

(2) No estate duty under the Estate Duty Ordin- Ordinance anee, 1932, shall be payable in respect of the share No. 3 of or other interest of a deceased member registered in a local or branch register kept out of the Colony under this Ordinance.

106.--(1) If by virtue of the law in force in any Provisions part of His Majesty's dominions outside the Colony as to branch

registers of

companies incorporated under that law have power companies to keep in the Colony local or branch registers of kept in the their members resident in the Colony, the Governor in Colony. Council nay by Order direct that sections ninety 19 & 20 Geo. eight and one hundred of this Ordinance shall, subject 5, c. 23, to any modifications and adaptations specified in the s. 107. Order, apply to and in relation to any such local or branch registers kept in the Colony as they apply to and in relation to the registers of companies within the meaning of this Ordinance.

(2) For the purposes of this section, the expression "His Majesty's dominions" includes any territory which is under His Majesty's protection or in respect of which a mandate under the League of Nations has been accepted by His Majesty.

Annual Return.

return to be

107.-(1) Every company having a share capital Annual shall once at least in every year make a return con- made by taining a list of all persons who, on the fourteenth company day after the first or only ordinary general meeting having a in the year, are members of the company, and of share all persons who have ceased to be members since capital. the date of the last return or, in the case of the first return, of the incorporation of the company.

(2) The list must state the names, addresses, and occupations of all the past and present members therein mentioned (and in the case of Chinese mem- bers their names shall be given both in English and Chinese characters) and the number of shares held by each of the existing members at the date of the return, specifying shares transferred since the date of the last return or, in the case of the first return, of the incorporation of the company by persons who are still members and have ceased to be members rospectively and the dates of registration of the transfers, and, if the names therein are not arranged in alphabetical order, must have annexed to it n index sufficient to enable the name of any person in the list to be readily found:

Provided that, where the company has converted any of its shares into stock and given notice of the conversion to the registrar of companies, the list must state the amount of stock held by each of the existing members instead of the amount of shares and the particulars relating to shares hereinbefore required.

(3) The return must also state the address of the registered office of the company and must contain a summary distinguishing between shares issued for cash and shares issued as fully or partly paid un otherwise than in cash, and specifying the following particulars:

19 & 20 Geo. 5, c. 23, s. 108.