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Penalty on Com- pany, &c., not keeping a Proper Register.
THE HONGKONG GOVERNMENT GAZETTE, 18TH MARCH, 1865.
Company to give Notice of Consolidation
Capital Into Stock.
(1.) The Amount of the Capital of the Company, and the Number of Shares into
which it is divided:
(2.) The Number of Shares taken from the Commencement of the Company up to
the Date of the Summary:
(3.) The Amount of Calls made on each Share:
(4.) The Total Amount of Calls received:
(5.) The Total Amount of Calls unpaid:
(6.) The Total Amount of Shares forfeited:
(7.) The Names, Addresses, and Occupations of the Persons who have ceased to be Members since the last List was made, and the Number of Shares held by
each of them.
The above List and Summary shall be contained in a separate part of the Register, and shall be completed within Seven Days after such Fourteenth Day as is mentioned in this Section, and a Copy shall forthwith be forwarded to the Registrar.
XXVI. If any Company under this Ordinance and having a Capital divided into Shares, makes default in complying with the Provisions of this Ordinance with respect to forwarding such List of Members or Summary as is hereinbefore mentioned to the Registrar, such Company shall incur a Penalty not exceeding One hundred Dollars for every Day during which such default continues, and every Director and Manager of the Company who shall knowingly and wilfully authorize or permit such Default shall incur the like Penalty.
XXVII. Every Company under this Ordinance, having a Capital divided into or of Conversion of Shares, that has consolidated and divided its Capital into Shares of larger amount than its existing Shares, or converted any portion of its Capital into Stock, shall give Notice to the Registrar of such Consolidation, Division, or Conversion, specifying the Shares so consolidated, divided, or converted. •
Effect of Conversion of Shares into Stock.
Entry of Trusts on Register.
Certificate of Shares or Stock.
gister.
Inspection of Re-
XXVIII. Where any Company under this Ordinance, and having a Capital divided into Shares, has converted any portion of its Capital into Stock, and given Notice of such Conversion to the Registrar, all the Provisions of this Ordinance which are appli- cable to Shares only shall cease as to so much of the Capital as is converted into Stock; and the Register of Members hereby required to be kept by the Company, and the List of Members to be forwarded to the Registrar, shall show the Amount of Stock held by each Member in the List instead of the Amount of Shares and the Particulars relating to Shares hereinbefore required.
XXIX. No Notice of any Trust, expressed, implied, or constructive, shall be en- tered on the Register, or be receivable by the Registrar, in the case of Companies under this Ordinance.
XXX. A Certificate, under the Common Seal of the Company, specifying any Share or Shares or Stock held by any Member of a Company, shall be prima facie evidence of the Title of the Member to the Share or Shares or Stock therein specified.
XXXI. The Register of Members, commencing from the Date of the Registration of the Company, shall be kept at the Registered Office of the Company hereinafter mentioned: Except when closed as hereinafter mentioned, it shall during Business Hours, but subject to such reasonable Restrictions as the Company in General Meeting may impose, so that not less than Two Hours in each Day be appointed for Inspection, be open to the Inspection of any Member gratis, and to the Inspection of any other Person on the payment of One Dollar, or such less sum as the Company may prescribe, for each Inspection; and every such Member or other Person may require a Copy of such Register, or of any part thereof, or of such List or Summary of Members as is hereinbefore mentioned, on Payment of Twenty-five Cents for every Hundred Words required to be copied: If such Inspection or Copy is refused, the Company shall incur for each Refusal a Penalty not exceeding Fifty Dollars, and a further Penalty not exceeding Fifty Dollars for every Day during which such Refusal continues, and every Director and Manager of the Company who shall knowingly authorize or permit such Refusal shall incur the like Penalty; and in addition to the above Penalty, as respects
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