Document ID: chunk:federal_register_of_legislation:C2004A02639:schedule:12:p14
Version: federal_register_of_legislation:C2004A02639
Segment Type: schedule
Provision Reference: sch 12 (pt 14/42)
Character Range: 36659–39512

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 Territory, or authorizes to be signed or issued in the Territory, on behalf of the 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 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 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 foreign company."; and—
     (b) by omitting sub-section (5) and substituting the following sub-section:
     "(5) In this section—
          'relevant document', in relation to a 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 foreign company;
          'relevant negotiable instrument', in relation to a 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 foreign company.".

55. Section 581 of the Principal Act is repealed and the following section is substituted:

Operation of certain Ordinances
"581. (1) Section 377 has effect as provided by section 39 of the Workmen's Compensation Supplementation Fund Ordinance 1980 in relation to the liquidator of a corporation that is an insurer within the meaning of that Ordinance.
"(2) Subdivision C of Division 4 of Part XII has effect subject to section 40 of the Workmen's Compensation Supplementation Fund Ordinance 1980.
"(3) This Act has effect subject to section 24 of the Trustee Companies Ordinance 1947.".

PART XX—AMENDMENT OF COMPANIES (MISCELLANEOUS AMENDMENTS) ACT 1981

Principal Act
56. The Companies (Miscellaneous Amendments) Act 198119 is in this Part referred to as the Principal Act.
57. Section 18 of the Principal Act is repealed and the following section is substituted:
"18. The Principal Act is amended by adding at the end of Part III the following Division:

'Division 11—Registration of Transfers of Marketable Securities by Companies

Transfer of marketable securities not to be registered unless duly stamped
'58g. A transfer of a share in the