1964_COMPANIES_ORDINANCE — Page 353

1984 Ed.]

Companies

[CAP. 32

95

(4) If a company fails to comply with any of the provisions of subsection (1), other than paragraph (a) thereof, and subsection (2) the company shall be liable to a fine of $5,000. (Replaced, 6 of 1984, s. 57)

(5) If any officer of a company, or any person on its behalf-

(a) uses or authorizes the use of any seal purporting to be a seal of the company which is not a metallic seal or whereon its name is not so engraven as aforesaid; or

(b) issues or authorizes the issue of any business letter of the company or any notice or other official publication of the company, or signs or authorizes to be signed on behalf of the company any contract, deed, bill of exchange, promissory note, endorsement, cheque or order for money or goods, wherein its name is not mentioned in manner aforesaid; or (Replaced, 6 of 1984, s. 57)

(c) issues or authorizes the issue of any consignment note, invoice, receipt, or letter of credit of the company, wherein its name is not mentioned in manner aforesaid,

he shall be liable to a fine of $5,000 and shall further be personally liable to the holder of the bill of exchange, promissory note, cheque, or order for money or goods, for the amount thereof, unless it is duly paid by the company. (Amended, 22 of 1950, Schedule)

(6) Until the expiration of a period of 12 months from the date of commencement* of the Companies (Amendment) Ordinance 1984, subsections (1)(b) and (5)(a) as amended by that Ordinance shall have effect in relation to any company registered at that date as if-

(a) in subsection (1)(b), for the words "metallic seal" there were substituted the word "seal";

(b) in subsection (5)(a), the words "which is not a metallic seal or" were omitted. (Added, 6 of 1984, s. 57)

(Amended, 6 of 1984, s. 57)

94. No description of a company shall be inadequate or incorrect by reason of the use of—

(a) the abbreviation "Co." or "Coy." in lieu of the word "Company" contained in the name of the company;

(b) the abbreviation "Ltd." in lieu of the word "Limited" contained in the name of the company;

(c) the abbreviation “HK" or "H.K." in lieu of the words "Hong Kong" contained in the name of the company;

(d) the symbol "&" in lieu of the word "and" contained in the name of the company;

(6 of 1984.) [*31.8.84.]

Adequacy of certain descriptions of companies.