20388-1911-Ordinance-passed-and-assented-to--Companies-No-58-of-1911 — Page 82

THE HONGKONG GOVERNMENT GAZETTE, DECEMBER 15, 1911.

formed and registered under this Ordinance and having a

share capital, be required under this Ordinance to be included

in the annual summary.

(4) Every company to which this section applies, and

which uses the word "Limited or the Chinese characters

as part of its name, sball-

有限公司,

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

country in which the company is incorporated; and

(b) conspicuously exhibit on every place where it carries on business in the Colony the name 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 continnen.

(6) For the purposes of this section---

The expression "certified" means certified in the prescribed manner to be a true copy or a cor- rect translation;

The expression "place of business"

includes a

share transfer or share registration office ; The expression "director" includes any person occupying the position of director, by whatever name called; and

The expression "prospectus" means any prospectus, notice, circular, advertisement, or other invita- tion, offering to the public for subscription or purchase any shares or debentures of the com- pany.

(7) There shall be paid to the registrar 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.

253.--(1) No company incorporated outside the Colony may hereafter acquire immovable property unless:-

(a) it is empowered by its constitution to acquire

immovable property; and

(b) it shall have filed with the registrar of companies the documents and particulars specified in para- graphs (a), (b) and (c) of sub-section (1) of section 252; and

(c) it shall have obtained the special consent of the

Governor-in-Council.

(2) Subject to the provisions of this section any com- pany incorporated outside the Colony shall have power to acquire hold and dispose of lands in the Colony as if it were a company incorporated under this Ordinance,

PART X. SUPPLEMENTAL,

Legal Proceedings, Offences, &c.

Power of companies incorporated outside the Colony to

hold lands.

8 Edw. 7 c. 69 8. 275,

254. All offences under this Ordinance made punishable Prosecution by any fine may be prosecuted under the Magistrates Ordin- of offences. ance, 1890.

Ib. s. 276.

255. The magistrate imposing any fine under this Applications

Ordinance may direct that the whole or any part thereof of fines. be applied in or towards payment of the costs of the Ib. 8. 277. proceedings, or in or towards the rewarding the person on whose information or at whose suit the fine is recovered, and subject to any such direction all fines under this Ordin- ance shall notwithstanding anything in any other Ordinance be paid to the Colonial Treasurer.

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