Trustee.
[CAP. 29
than the securities deposited by it with the Accountant General under the provision of this Part.
[94
Statement.
94. (1) Every trust company shall forward annually to the Registrar of Companies, together with the return required by section 107 of the Companies Ordinance, a statement of the liabilities of the company to the public in its trustee capacity and of the investments and holdings of the company on trust account (Cap. 32).
(2) The statement shall be verified by the affidavit of the chairman or vice-chairman and of the manager or secretary of the company.
(3) Every document purporting to be certified by the Registrar of Companies to be a copy of any such statement or of part thereof shall be deemed to be a copy of that statement or of part thereof, and shall be received in evidence as if it were the original statement or part thereof, unless some variation between it and the original statement is proved.
[95
by inspector.
95. (1) The Governor in Council may at any time appoint an inspector to investigate the affairs and management of any trust company and may prescribe the manner in, and the extent to, which the investigation shall be conducted.
(2) It shall be the duty of all officers and servants of the company to produce for examination by the inspector all books, accounts, vouchers and other documents in their custody or control in relation to matters under investigation, and to answer truly all inquiries addressed to them by the inspector respecting any matter affecting the affairs of the company.
(3) The inspector shall make a report of his investigation to the Colonial Secretary.
(4) All expenses of and incidental to any such investigation shall be paid by the company, if the Governor in Council so directs.
[96
provision as
96. (1) The court may order the winding up of a trust company in accordance with the Companies Ordinance, and the provisions of that Ordinance shall apply accordingly.
a trust
517
(Cap. 32.)
Trustee.
[CAP. 29
than the securities deposited by it with the Accountant General under the provision of this Part.
[94
Statement.
94. (1) Every trust company shall forward annually to Annual the Registrar of Companies, together with the return required by section 107 of the Companies Ordinance, a (Cap. 32). statement of the liabilities of the company to the public in its trustee capacity and of the investments and holdings of the company on trust account.
(2) The statement shall be verified by the affidavit of the chairman or vice-chairman and of the manager or secre- tary of the company.
(3) Every document purporting to be certified by the Registrar of Companies to be a copy of any such state- ment or of part thereof shall be deemed to be a copy of that statement or of part thereof, and shall be received in evidence as if it were the original statement or part thereof, unless some variation between it and the original statement is proved.
[95
by inspector.
95. (1) The Governor in Council may at any time Investigation appoint an inspector to investigate the affairs and manage- ment of any trust company and may prescribe the manner in, and the extent to, which the investigation shall be conducted.
(2) It shall be the duty of all officers and servants of the company to produce for examination by the inspector all books, accounts, vouchers and other documents in their custody or control in relation to matters under investigation, and to answer truly all inquiries addressed to them by the inspector respecting any matter affecting the affairs of the
company.
(3) The inspector shall make a report of his investiga- tion to the Colonial Secretary.
(4) All expenses of and incidental to any such investi- gation shall be paid by the company, if the Governor in Council so directs.
[96
provision as
96. (1) The court may order the winding up of a trust Special company in accordance with the Companies Ordinance, and to winding up the provisions of that Ordinance shall apply accordingly company.
a trust
517
(Cap. 32.)
No comments yet.
Private notes are available after approval.