1698
Penalty for falsifying statements, etc.
No. 11 of 1907. LIFE INSURANCE COMPANIES.
if it is satisfied that it is just to do so, may order the name of the company to be restored to the register and thereupon the company shall be deemed to have continued in existence as if the name thereof had never been struck off, and the court may, by the order, give such directions and make such provisions as seem just for placing the company and all other persons in the same positions, as nearly as may be, as if the name of the company had never been struck off.
(4) A letter or notice authorised or required for the purposes of this section to be sent to a company may either be sent by post or be delivered by hand addressed to the company at its registered office, or, if no office has been registered, addressed to the care of some director or officer of the company, or, if there is no director or officer of the company whose name and address are known to the Registrar, the letter or notice (in identical form) may be sent or delivered to each of the persons who subscribed the memorandum of association, addressed to him at the address mentioned in that memorandum.
(5) In the execution of his duties under this section, the Registrar shall conform to any regulations which may be made by the Governor in Council.
30. If any statement, abstract, or other document required by this Ordinance is false in any particular to the knowledge of any person who signs or deposits the same, such person shall be liable, on conviction on indictment, to imprisonment for any term not exceeding two years, and to a fine not exceeding five hundred dollars, or, on summary conviction, to a fine not exceeding five hundred dollars.
33 & 34 Vict. c. 61, s. 19.
Investigation by actuary.
Recovery of penalties.
31. Where by this Ordinance any statement or abstract is required to be made or furnished by any company, the Governor may, if he thinks fit, direct that such statement or abstract shall be submitted to an independent actuary for investigation. The cost of such investigation shall be notified to the company by the Treasurer and shall be paid forthwith by the company to the Treasurer.
32. Every penalty imposed by this Ordinance shall, unless otherwise provided, only be recovered summarily.
1698
Penalty for falsifying statements,
etc.
No. 11 of 1907. LIFE INSURANCE COMPANIES.
if it is satisfied that it is just to do so, may order the name of the company to be restored to the register and thereupon the company shall be deemed to have continued in existence as if the name thereof had never been struck off, and the court may, by the order, give such directions and make such provisions as seem just for placing the company and all other persons in the same positions, as nearly as may be, as if the name of the company had never been struck off.
(4) A letter or notice authorised or required for the purposes of this section to be sent to a company may either be sent by post or be delivered by hand addressed to the company at its registered office, or, if no office has been registered, addressed to the care of some director or officer of the company, or, if there is no director or officer of the company whose name and address are known to the Registrar, the letter or notice (in identical form) may be sent or delivered to each of the persons who subscribed the memorandum of association, addressed to him at the address mentioned in that memorandum.
(5) In the execution of his duties under this section, the Registrar shall conform to any regulations which may be made by the Governor in Council.
30. If any statement, abstract, or other document required by this Ordinance is false in any particular to the knowledge of any person who signs or deposits the same, such person 33 & 34 Vict. shall be liable, on conviction on indictment, to imprisonment for any term not exceeding two years, and to a fine not exceeding five hundred dollars, or, on summary conviction, to a fine not exceeding five hundred dollars.
c. 61, s. 19.
Investigation by actuary.
Recovery of penalties.
31. Where by this Ordinance any statement or abstract is required to be made or furnished by any company, the Governor may, if he thinks fit, direct that such statement or abstract shall be submitted to an independent actuary for investigation. The cost of such investigation shall be notified to the company by the Treasurer and shall be paid forthwith by the company to the Treasurer.
32. Every penalty imposed by this Ordinance shall, unless otherwise provided, only he recovered summarily.
No comments yet.
Private notes are available after approval.