Trading with the Enemy.
of any such undertaking, and if it does so every person who is a party to the default shall, without prejudice to any other liability, be liable upon summary conviction to a fine of two thousand dollars and to imprisonment for six months. [21]
[CAP. 188
refuse regis-
companies
24. (1) Where on an application for the registration of a company it appears to the Registrar of Companies that tration of any subscriber of the memorandum of association or any proposed director of the company is an enemy subject, he may refuse to register the company.
(2) Where the right of nominating or appointing a director of a company is vested in any enemy or enemy subject, the right shall not be exercisable except by leave of the Governor, and any director nominated or appointed in exercise of such right shall, except as aforesaid, cease to hold office as director.
[22]
cases, etc.
c. 105, s. 10.
court to
up of
in certain
stances.
25. Where the Colonial Secretary certifies that it appears to him that a company registered in the Colony is carrying on business either directly or through an agent, branch or subsidiary company outside the Colony, and that in carrying on such business it has entered into or done acts which if entered into or done in the Colony would constitute an offence of trading with the enemy, the Colonial Secretary may present a petition for the winding-up of the company by the court, and the issue of such a certificate shall be a ground on which the company may be wound up by the court, and the certificate shall, for the purposes of the petition, be evidence of the facts therein stated.
[23]
of transfer
production of
etc.
c. 105, s. 8.
26. (1) Where the Custodian executes a transfer of any shares, stock or securities which he is empowered to transfer by a vesting order made under section 20 or 22, the company or other body in whose books the shares, stock or securities are registered shall, upon the receipt of the transfer so executed by the Custodian and upon being required by him so to do, register the shares, stock or securities in the name of the Custodian or other transferee, notwithstanding any regulation or stipulation of the company or other body, and notwithstanding that the Custodian is not in possession of the certificate, scrip or other document of title relating to the shares, stock or securities transferred, but such registration
461
Trading with the Enemy.
of any such undertaking, and if it does so every person who is a party to the default shall, without prejudice to any other liability, be liable upon summary conviction to a fine of two thousand dollars and to imprisonment for six months. [21]
[CAP. 188
refuse regis-
companies
24. (1) Where on an application for the registration of Power to a company it appears to the Registrar of Companies that tration of any subscriber of the memorandum of association or any in certain proposed director of the company is an enemy subject, he 5 & 6 Geo. 5, may refuse to register the company.
(2) Where the right of nominating or appointing a director of a company is vested in any enemy or enemy subject, the right shall not be exercisable except by leave of the Governor, and any director nominated or appointed in exercise of such right shall, except as aforesaid, cease to hold office as director.
[22]
cases, etc.
c. 105, s. 10.
court to
up of
in certain
stances.
25. Where the Colonial Secretary certifies that it Power of appears to him that a company registered in the Colony is order winding carrying on business either directly or through an agent, companies branch or subsidiary company outside the Colony, and that circum- in carrying on such business it has entered into or done acts 5 & 6 Geo. 5, which if entered into or done in the Colony would constitute c. 105, s. 11. an offence of trading with the enemy, the Colonial Secretary may present a petition for the winding-up of the company by the court, and the issue of such a certificate shall be a ground on which the company may be wound up by the court, and the certificate shall, for the purposes of the petition, be evidence of the facts therein stated.
[23]
of transfer
production of
etc.
c. 105, s. 8.
26. (1) Where the Custodian executes a transfer of any Registration shares, stock or securities which he is empowered to transfer without by a vesting order made under section 20 or 22, the company certificates, or other body in whose books the shares, stock or securities 5 & 6 Geo. 5, are registered shall, upon the receipt of the transfer so executed by the Custodian and upon being required by him so to do, register the shares, stock or securities in the name of the Custodian or other transferee, notwithstanding any regulation or stipulation of the company or other body, and notwithstanding that the Custodian is not in possession of the certificate, scrip or other document of title relating to the shares, stock or securities transferred, but such registration
461
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