Document ID: chunk:federal_register_of_legislation:C2004A02639:schedule:12:p13
Version: federal_register_of_legislation:C2004A02639
Segment Type: schedule
Provision Reference: sch 12 (pt 13/42)
Character Range: 34017–36904

or authorizes the issue or publication in the Territory of, any relevant document of the recognized company or recognized foreign company that does not comply with the requirements of sub-section (1); or
          (b) signs or issues in the Territory, or authorizes to be signed or issued in the Territory, on behalf of the recognized company or recognized foreign company, any relevant negotiable instrument that does not comply with the requirements of sub-section (2),
      he is guilty of an offence.
     Penalty: $1,000.
     "(3a) If an officer of a recognized company or a recognized foreign company, or any other person, signs or issues in the Territory, or authorizes to be signed or issued in the Territory, on behalf of the recognized company or recognized foreign company, any relevant negotiable instrument that does not comply with the requirements of sub-section (2), he is liable to the holder of the relevant negotiable instrument for the amount due on it unless that amount is paid by the recognized company or the recognized foreign company, as the case may be."; and
     (b) by omitting sub-section (5) and substituting the following sub-section:
     "(5) In this section—
          'relevant document', in relation to a recognized company or a recognized foreign company, means a business letter, statement of account, invoice, receipt, order for goods, order for services, official notice or publication of, or purporting to be issued or signed by or on behalf of, the recognized company or recognized foreign company;
          'relevant negotiable instrument', in relation to a recognized company or a recognized foreign company, means a bill of exchange, promissory note, cheque or other negotiable instrument, indorsement on, or order in, a bill of exchange,
          promissory note, cheque or other negotiable instrument, or a letter of credit of, or purporting to be issued or signed by or on behalf of, the recognized company or recognized foreign company.".

Publication of name, &c, of foreign company
54. Section 517 of the Principal Act is amended—
     (a) by omitting sub-sections (2) and (3) and substituting the following sub-sections:
     "(2) There shall appear in legible characters on every relevant negotiable instrument of a foreign company (other than a banking corporation) that is issued or signed in the Territory the name of the foreign company and, if default is made in complying with this sub-section, the foreign company is guilty of an offence.
     Penalty: $1,000.
     "(3) If an officer of a foreign company, or any other person—
          (a) on behalf of the foreign company, issues or publishes in the Territory, or authorizes the issue or publication in the Territory of, any relevant document of the foreign company that does not comply with the requirements of sub-section (1); or
          (b) signs or issues in the