1964_THE_HONGKONG_AND_SHANGHAI_BANKING_REGULATIONS — Page 51

HK Historical Laws 香港歷史法例 All AI Reviewed

1989 Ed.]

The Hongkong and Shanghai Bank Regulations

[CAP. 70

A 51

[Subsidiary]

(2) All deeds or instruments requiring the common seal of the bank shall be signed by one director and countersigned by the secretary or by such other officer of the bank as may be authorized to do so by the board. (8 of 1946 s. 2; L.N. 61 of 1969)

(3) The common seal may from time to time be altered, broken or destroyed and a new seal substituted by the board as it may think fit.

121.

The official seal

Official and securities seals

(1) The bank shall have for use in London, and if the board considers it expedient, at any other of its establishments, an official seal, which shall be a facsimile of the common seal with the addition on its face of the word “London” or the name of the territory, district or place, as the case may be, where it is to be used.

(1A) The bank may have for use for sealing certificates of title to shares such number of official seals as the board may from time to time determine, each such official seal being a facsimile of the common seal with the addition on its face of the word “securities” and being called a "securities seal". (30 of 1980; L.N. 157 of 1987; L.N. 334 of 1989)

(L.N. 106

(2) The manager or acting manager of the bank for the time being duly appointed by the bank in London and in any other place where such establishment as aforesaid is situate shall have power to affix the seal authorized to be used at such establishment to any deed or other document to which the bank is party. (8 of 1946 s. 2; 37 of 1950 Schedule)

(3) The authority of such manager or acting manager shall as between the bank and any person dealing with such manager or acting manager continue until notice of the revocation or determination of the authority of the manager or acting manager has been given to the person dealing with him. (8 of 1946 s. 2)

(4) A deed or other instrument to which an official seal is duly affixed shall bind the bank and have the same effect as if it had been sealed with the common seal. (G.N.A. 86 of 1960)

Capitalization of undivided profits

122.

Method of distribution

(1) The shareholders in general meeting may at any time pass a resolution to the effect that it is desirable to capitalize any sum or sums of money being part of the undivided profits of the bank standing to the credit of the bank's

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2026-05-05 14:39:57 · NVIDIA / meta/llama-4-maverick-17b-128e-instruct

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The official sealOfficial and securities seals(1) The bank shall have for use in London, and if the board considers it expedient, at any other of its establishments, an official seal, which shall be a facsimile of the common seal with the addition on its face of the word “London” or the name of the territory, district or place, as the case may be, where it is to be used.(1A) The bank may have for use for sealing certificates of title to shares such number of official seals as the board may from time to time determine, each such official seal being a facsimile of the common seal with the addition on its face of the word “securities” and being called a "securities seal". (30 of 1980; L.N. 157 of 1987; L.N. 334 of 1989)(L.N. 106(2) The manager or acting manager of the bank for the time being duly appointed by the bank in London and in any other place where such establishment as aforesaid is situate shall have power to affix the seal authorized to be used at such establishment to any deed or other document to which the bank is party. (8 of 1946 s. 2; 37 of 1950 Schedule)(3) The authority of such manager or acting manager shall as between the bank and any person dealing with such manager or acting manager continue until notice of the revocation or determination of the authority of the manager or acting manager has been given to the person dealing with him. (8 of 1946 s. 2)Capitalization of undivided profits122.Method of distribution(1) The shareholders in general meeting may at any time pass a resolution to the effect that it is desirable to capitalize any sum or sums of money being part of the undivided profits of the bank standing to the credit of the bank's

Baseline (Original)

The official sealOfficial and securities seals(1) The bank shall have for use in London, and if the board considers it expedient, at any other of its establishments, an official seal, which shall be a facsimile of the common seal with the addition on its face of the word “London” or the name of the territory, district or place, as the case may be, where it is to be used.(1A) The bank may have for use for sealing certificates of title to shares such number of official seals as the board may from time to time determine, each such official seal being a facsimile of the common seal with the addition on its face of the word “securities" and being called a "securities seal". of 1980; L.N. 157 of 1987; L.N. 334 of 1989)(L.N. 106(2) The manager or acting manager of the bank for the time being duly appointed by the bank in London and in any other place where such establishment as aforesaid is situate shall have power to affix the seal authorized to be used at such establishment to any deed or other document to which the bank is party. (8 of 1946 s. 2; 37 of 1950 Schedule)(3) The authority of such manager or acting manager shall as between the bank and any person dealing with such manager or acting manager continue until notice of the revocation or determination of the authority of the manager or acting manager has been given to the person dealing with him. (8 of 1946 s. 2)Capitalization of undivided profits122.Method of distribution(1) The shareholders in general meeting may at any time pass a resolution to the effect that it is desirable to capitalize any sum or sums of money being part of the undivided profits of the bank standing to the credit of the bank's

2026-05-05 14:39:57 · Baseline

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