2056
No. 58 of 1911.
COMPANIES.
(2) Where such a contract as above mentioned is not reduced to writing, the company shall within one month after the allotment file with the Registrar of Companies the prescribed particulars of the contract stamped with the same stamp duty as would have been payable if the contract had been reduced to writing, and those particulars shall be deemed to be an instrument within the meaning of the Stamp Ordinance, 1921, and the Registrar of Companies may, as a condition of filing the particulars, require that the duty payable thereon be adjudicated under section 14 of that Ordinance.
Ordinance
Power to pay commissions, and prohibition of payment of all other
(3) If default is made in complying with the requirements of this section, every director, manager, secretary, or other officer of the company, who is knowingly a party to the default, shall be liable to a fine not exceeding five hundred dollars for every day during which the default continues:
Provided that, in case of default in filing with the Registrar of Companies within six weeks after the allotment any document required to be filed by this section, the company, or any person liable for the default, may apply to the court for relief, and the court, if satisfied that the omission to file the document was accidental or due to inadvertence or that it is just and equitable to grant relief, may make an order extending the time for the filing of the document for such period as the court may think proper.
(4) Any return, contract in writing, particulars of contract or other document required to be filed with the Registrar of Companies under the provisions of this section shall be in the English language.
Commissions and discounts.
91.-(1) It shall be lawful for a company to pay a commission to any person in consideration of his subscribing or agreeing to subscribe, whether absolutely or conditionally, for any shares in the company, or procuring or agreeing to procure subscriptions, whether absolute or conditional, for any shares in the company, if the payment of the commission is authorised by the articles, and the commission paid or agreed to be paid does not exceed the amount or rate so authorised, and if the amount or rate per cent. of the commission paid or agreed to be paid is-
8 Edw. 7, c. 69, s. 89.
(a) in the cases of shares offered to the public for subscription, disclosed in the prospectus; or
2056
No. 58 of 1911.
COMPANIES.
(2) Where such a contract as above mentioned is not reduced to writing, the company shall within one month after the allotment file with the Registrar of Companies the prescribed particulars of the contract stamped with the same stamp duty as would have been payable if the contract had been reduced to writing, and those particulars shall be deemed to be an instrument within the meaning of the Stamp Ordinance, 1921, and the Registrar of Companies may, as a No. 8 of 1921- condition of filing the particulars, require that the duty payable thereon be adjudicated under section 14 of that Ordinance.
Ordinance
Power to pay
missions, and .prohibition of payment of all other
(3) If default is made in complying with the requirements of this section, every director, manager, secretary, or other officer of the company, who is knowingly a party to the default, shall be liable to a fine not exceeding five hundred dollars for every day during which the default continues:
Provided that, in case of default in filing with the Registrar of Companies within six weeks after the allotment any docu- ment required to be filed by this section, the company, or any person liable for the default, may apply to the court for relief, and the court, if satisfied that the omission to file the document was accidental or due to inadvertence or that it is just and equitable to grant relief, may make an order extending the time for the filing of the document for such period as the court may think proper.
(4) Any return, contract in writing, particulars of contract or other document required to be filed with the Registrar of Companies under the provisions of this section shall be in the English language.
Commissions and discounts.
91.-(1) It shall be lawful for a company to pay a com- certain com- mission to any person in consideration of his subscribing or agreeing to subscribe, whether absolutely or conditionally, for any shares in the company, or procuring or agreeing to commissions, procure subscriptions, whether absolute or conditional," for discounts, etc. any shares in the company, if the payment of the commission is authorised by the articles, and the commission paid or agreed to be paid does not exceed the amount or rate so authorised, and if the amount or rate per cent. of the com- mission paid or agreed to be paid is-
8 Edw. 7,
c. 69, s. 89.
(a) in the cases of shares offered to the public for subscrip- tion, disclosed in the prospectus; or
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