20388-1911-Ordinance-passed-and-assented-to--Companies-No-58-of-1911 — Page 25

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THE HONGKONG GOVERNMENT GAZETTE, DECEMBER 15, 1911.

Special reso- lution of

limited com- pany making liability of directors un- limited.

8 Edw. 7 c. 69 s. 61.

Registered office of company. Ib. s. 62.

Publication of name by a limited

company.

Ib. s. 63.

dollars, and shall also be liable for any damage which the person so elected or appointed may sustain from the default, but the liability of the person elected or appointed shall not be affected by the default.

62.-(1) A limited company, if so authorised by its articles, may, by special resolution, alter its memorandum so as to render unlimited the liability of its directors, or managers, or of any managing director.

the

(2) Upon the confirmation of any such spezial resolution visions thereof shall be as valid as if they had been provi originally contained in the memorandum; and a copy thereof shall be embodied in or annexed to every copy of the memor- andum issued after the confirmation of the resolution,

(3) If a company makes default in complying with the requirements of this section, it shall be liable to a fine not exceeding ten dollars for each copy in respect of which de- fault is made; and every director or manager of the com- pany who knowingly and wilfully authorises or permits the default shall be liable to the like penalty.

PART III.

MANAGEMENT AND ADMINISTRATION,

Office and Name,

63.-(1) Every company shall have a registered office in the Colony to which all communications and notices may be addressed.

(2) Notice of the situation of the registered office, and of any change therein, shall be given to the registrar of com- panies, who shall record the same.

(3) If a company carries on business without complying with the requirements of this section it shall be liable to a fine not exceeding fifty dollars for every day during which it so carries on business.

64.-(1) Every limited company-

() shall paint or affix, and keep painted or affixed, its name on the outside of every office or place in which its business is carried on, and on the outside of its registered office, in a conspicuous position, iu letters easily legiblo :

(b) shall bave its name mentioned in legible chura e-

ters on its seal :

(e) shall have its name mentioned in legible ebarac- ters in all notices, advertisements, and other official publications of the company, and in all bills of exchange, promissory notes, endorse- ments, cheques, and orders for money or goods purporting to be signed by or on behalf of the company, and in all bills of parcels, invoices, receipts, and letters of credit of the company : (d) any limited company with a Chinese naine or using a Chinese equivalent shall append the Chinese characters 有限公司

•

(2) If a limited company does not paint or affix, and keep painted or affixed, its name in mauner directed by this Ordinance, it shall be liable to a fine not exceeding fifty dollars for not so painting or affixing its name, and for every day during which its name is not so kept painted or affixed, and every director and manager of the company who knowingly and wilfully authorises or permits the default shall be liable to the like penalty,

(3) If any director, manager, or officer of a limited com- pany, or any person on its behalf, uses or authorises the use of any seal purporting to be a seal of the company whereon its name is not so engraven as aforesaid, or issues or authorises the issue of any notice, advertisement, or other official publication of the company, or signs or authorises to be signed on behalf of the company any bill of exchange, promissory note, endorsement, cheque, order for money or goods, or issues or authorises to be issued any bill of parcels, invoice, receipt, or letter of credit of the company, wherein its name is not mentioned in manner aforesaid, he shall be liable to a fine not exceeding five hundred dollars, and shall further be personally liable to the

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