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Ch. 31. No. 1.] Companies.

 

render it in the opinion of the Registrar expedient that such
an exemption should be granted, the Registrar may by
writing under his hand grant, subject to such conditions as
may be specified therein, exemption from the obligations
imposed by this subsection.

(2) This section shall apply to—

(a) every company registered under this Ordinance
or any previous Ordinance; and

(b) every company incorporated outside the Colony

which has an established place of business within the
Colony; and

(c) every company licensed under the Moneylenders
Ordinance whenever it was registered or whenever it
established a place of business.

(3) If a company makcs default in complying with
this section, every director of the company shall be hable
for each offence to a fine of twenty-five dollars, and, in the
case of a director being a corporation, every director,
secretary and officer of the corporation, who is knowingly
a party to the default, shall be liable to a like penalty:

Provided that no proceedings shall be instituted under
this section except by, or with the consent of, the Attorney
General.

(4) For the purposes of this section—

(a) director’”’ includes any person in accordance
with whose directions or instructions the directors of
the company are accustomed to act;

(b) christian name ” includes a forename;

(c) initials includes a recognised abbreviation of
a christian name;

(d) in. the case of a peer or person usually known
by a title different from his surname, the expression
‘surname ”’ means that title;

(e) references to a former christian name or surname
do not include—

(i) in the case of a peer or a person usually known
by a British title different from his surname, the
name by which he was known previous to the
adoption of or succession to the title; or