172
CAP. 32]
Companies
[1984 Ed.
Criminal penalties for contravention of s. 157H.
{cf. 1980 c. 22, s. 53.]
Register of directors and
secretaries.
(cf. 1948 c. 38. s. 200.]
157J. (1) Where a company enters into a transaction (whether the making of a loan, the giving of a guarantee or the provision of a security) in contravention of section 157H(2), the following persons shall, subject to subsection (2), be guilty of an offence-
(a) if the transaction is entered into in contravention of section 157H(2)(a) or (b), the company;
(b) any director of the company who wilfully authorized or permitted the transaction to be entered into; and
(c) any person who knowingly procured the company to enter into the transaction.
(2) A person shall not be guilty of an offence under this section if he shows that, at the time the transaction was entered into, he did not know the relevant circumstances.
(3) A person guilty of an offence under this section shall be liable,
(a) on conviction upon indictment, to a fine of $50,000 and, in the case of an individual, to imprisonment for 2 years; and (b) on summary conviction, to a fine of $10,000 and, in the case of an individual, to imprisonment for 6 months.
(Added, 6 of 1984, s. 114)
158. (1) Every company shall keep a register of its directors and secretaries.
(2) The said register shall contain the following particulars with respect to each director-
(a) in the case of an individual, his present forename and surname and any former forename or surname (including, in the case of a Chinese director, the Chinese characters for any such forename or surname if they are used by such director), any alias, his usual residential address, his nationality, his business occupation (which shall be stated with sufficient particularity to enable identification of the duties attaching to that occupation), if any, or, if he has no business occupation but holds any other directorship or directorships, particulars of that directorship or of some one of those directorships, and the number of his identity card (if any);
(b) in the case of a body corporate, its corporate name and registered or principal office.
(3) The said register shall contain the following particulars with respect to the secretary or, where there are joint secretaries, with respect to each of them-----
(a) in the case of an individual, his present forename and surname, any former forename or surname, and his usual residential address; and
172
CAP. 32]
Companies
[1984 Ed.
Criminal penalties for contravention of s. 157H.
{cf. 1980 c. 22, s. 53.]
Register of directors and
secretaries.
(cf. 1948 c. 38. s. 200.]
157J. (1) Where a company enters into a transaction (whether the making of a loan, the giving of a guarantee or the provision of a security) in contravention of section 157H(2), the following persons shall, subject to subsection (2), be guilty of an offence-
(a) if the transaction is entered into in contravention of
section 157H(2)(a) or (b), the company;
(b) any director of the company who wilfully authorized or
permitted the transaction to be entered into; and
(c) any person who knowingly procured the company to enter
into the transaction.
(2) A person shall not be guilty of an offence under this section if he shows that, at the time the transaction was entered into, he did not know the relevant circumstances.
(3) A person guilty of an offence under this section shall be liable,
(a) on conviction upon indictment, to a fine of $50,000 and, in the case of an individual, to imprisonment for 2 years; and (b) on summary conviction, to a fine of $10,000 and, in the case of an individual, to imprisonment for 6 months.
( Added, 6 of 1984, s. 114)
158. (1) Every company shall keep a register of its directors and secretaries.
(2) The said register shall contain the following particulars with respect to each director-
(a) in the case of an individual, his present forename and surname and any former forename or surname (including, in the case of a Chinese director, the Chinese characters for any such forename or surname if they are used by such director), any alias, his usual residential address, his nationality, his business occupation (which shall be stated with sufficient particularity to enable identification of the duties attaching to that occupation), if any, or, if he has no business occupation but holds any other directorship or directorships, particulars of that directorship or of some one of those directorships, and the number of his identity card (if any);
(b) in the case of a body corporate, its corporate name and
registered or principal office.
(3) The said register shall contain the following particulars with respect to the secretary or, where there are joint secretaries, with respect to each of them-----
(a) in the case of an individual. his present forename and surname, any former forename or surname, and his usual residential address; and
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