1246
No. 53 of 1911.
CHINESE PARTNERSHIPS.
Registration of changes in partnerships.
Ad valorem stamp duty on contributions by registered partners.
9.-(1) If during the continuance of a registered partnership any change is made or occurs, whether by reason of the death of a registered or unregistered partner or otherwise howsoever, in-
(a) the firm name,
(b) the general nature of the business,
(c) the principal place of business,
(d) the registered partners or the name of any registered partner,
(e) the term or character of the partnership,
(f) the sum contributed by any registered partner,
(g) the proportion which the interest in the partnership of any registered partner bears to the interest of all the partners, whether registered or unregistered, in the partnership,
a statement, chopped with the chop of the partnership and signed by the manager or in his absence by one or more of the registered partners, specifying the nature of the change shall within fourteen days be delivered to the Registrar of Companies.
(2) If default is made in complying with the requirements of this section, such manager and all the registered partners who cannot prove that they were ignorant of the change shall upon summary conviction be liable to a fine not exceeding ten dollars for each day during which the default continues: Provided that no person shall be liable to pay a fine exceeding a total sum of five hundred dollars.
10. The statement of the amount contributed by a registered partner, and a statement of any increase in that amount, sent to the Registrar of Companies for registration under this Ordinance, shall be charged with an ad valorem stamp duty of 1 dollar for every 500 dollars or portion of 500 dollars up to 10,000 dollars, and 1 dollar for every 1,000 dollars or portion of 1,000 dollars on the next 15,000 dollars, and 50 cents for every 1,000 dollars or portion of 1,000 dollars on sums above 25,000 dollars, of the amount so contributed, or of the increase of that amount, as the case may be; and in default of payment of stamp duty thereon as herein required, the duty with interest thereon at the rate of eight per cent. from the date of delivery of such statement
1246
No. 53 of 1911.
CHINESE PARTNERSHIPS.
Registration
of changes in partner- ships.
Ad valorem. stamp duty
on contri- butions by registered partners.
J
9.-(1) If during the continuance of a registered partnership any change is made or occurs, whether by reason of the death of a registered or unregistered partner or otherwise howsoever, in-
(a) the firm name,
(b) the general nature of the business,
(c) the principal place of business,
(d) the registered partners or the name of any registered partner,
(e) the term or character of the partnership,
(f) the sum, contributed by any registered partner,
(g) the proportion which the interest in the partnership of any registered partner bears to the interest of all the partners, whether registered or unregistered, in the partnership,
a statement, chopped with the chop of the partnership and signed by the manager or in his absence by one or more of the registered partners, specifying the nature of the change shall within fourteen days be delivered to the Registrar of Companies.
(2) If default is made in complying with the requirements of this section, such manager and all the registered partners who cannot prove that they were ignorant of the change shall upon summary conviction be liable to a fine not exceeding ten dollars for each day during which the default continues: Provided that no person shall be liable to pay a fine exceeding a total sum of five hundred dollars.
10. The statement of the amount contributed by a registered partner, and a statement of any increase in that amount, sent to the Registrar of Companies for registration under this Ordinance, shall be charged with an ad valorem stamp duty of 1 dollar for every 500 dollars or portion of 500 dollars up to 10,000 dollars, and dollar for every 1,000 dollars or portion of 1,000 dollars on the next 15,000 dollars, and 50 cents for every 1,000 dollars or portion of 1,000 dollars on sums above 25,000 dollars, of the amount so contributed, or of the increase of that amount, as the case may be; and in default of payment of stamp duty thereon as herein required, the duty with interest thereon at the rate of eight per cent. from the date of delivery of such statement
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