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}\pard \qc \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid2569709 No.8 of 2005}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid2569709\charrsid11537024 \par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid11537024\charrsid11537024 \par }\pard \qc \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid11537024\charrsid11537024 INTERNATIO}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid13467155 NAL COMPANIES AMENDMENT ACT}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid2569709 2005}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid11537024\charrsid11537024 \par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid11537024 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid11537024\charrsid12007487 Examined and certified by}{\fs24\lang2057\langfe1033\langnp2057\insrsid11537024 : \par }\pard \qc \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid11537024\charrsid12007487 Clerk of the Parliament \par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid11537024 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 In the name and on behalf of Her Majesty Queen Elizabeth the Second I hereby assent to this Act this}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11537024\charrsid2507295 29th}{\fs24\lang2057\langfe1033\langnp2057\insrsid11537024 day of }{\fs24\lang2057\langfe1033\langnp2057\insrsid11537024\charrsid2507295 July }{ \fs24\lang2057\langfe1033\langnp2057\insrsid11537024 2005.}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 \par }\pard \qr \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid4926970 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid4926970 SIR F. GOODWIN, KBE}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid2569709\charrsid4926970 \par }\pard \qr \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid12648500 {\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 Queen's Representative \par }\pard \qc \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid13467155 ________}{\fs24\lang2057\langfe1033\langnp2057\insrsid11537024 \par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid13467155 \par }\pard \qc \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid2569709 ANALYSIS \par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid11537024 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 1.}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 }{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 Short Title}{ \fs24\lang2057\langfe1033\langnp2057\insrsid12007487 }{\fs24\lang2057\langfe1033\langnp2057\insrsid11537024 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 2.}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 }{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 Interpretation}{ \fs24\lang2057\langfe1033\langnp2057\insrsid11537024 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 3.}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 }{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 Registration of company as}{ \fs24\lang2057\langfe1033\langnp2057\insrsid12007487 }{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 international shipping company}{\fs24\lang2057\langfe1033\langnp2057\insrsid5443265 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid5443265\charrsid12007487 4.}{\fs24\lang2057\langfe1033\langnp2057\insrsid5443265 }{\fs24\lang2057\langfe1033\langnp2057\insrsid5443265\charrsid12007487 Requirements as to memorandum}{ \fs24\lang2057\langfe1033\langnp2057\insrsid5443265 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid5443265\charrsid12007487 5.}{\fs24\lang2057\langfe1033\langnp2057\insrsid5443265 }{\fs24\lang2057\langfe1033\langnp2057\insrsid5443265\charrsid12007487 Additional requirements to be stated}{ \fs24\lang2057\langfe1033\langnp2057\insrsid5443265\charrsid5443265 }{\fs24\lang2057\langfe1033\langnp2057\insrsid5443265\charrsid12007487 in memorandum of international}{\fs24\lang2057\langfe1033\langnp2057\insrsid5443265\charrsid5443265 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid5443265\charrsid12007487 shipping company}{\fs24\lang2057\langfe1033\langnp2057\insrsid5443265 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 6.}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 }{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 General penalty provisions }{ \fs24\lang2057\langfe1033\langnp2057\insrsid5443265 \par }\pard \qc \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid13467155 _________}{\fs24\lang2057\langfe1033\langnp2057\insrsid11537024 \par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid15153629 \par }\pard \qc \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid15153629 2005, No. 8 \par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid11537024 \par }\pard \ql \li720\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin720\itap0\pararsid13467155 {\fs24\ul\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid15153629 An Act to amend the International Companies Act 1981-82 \par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid11537024 \par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid15153629 BE IT ENACTED}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 by the Parliament of the {\*\xmlopen\xmlns1{\factoidname place}}Cook Islands{\*\xmlclose} in Session assembled and by the authority of the same, as follows:}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid15153629\charrsid12007487 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 1.}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid11478068 Short Title}{ \fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 - This Act may be cited as the International Companies Amen dment Act 2005 and shall be read together with and deemed part of the International Companies Act 1981-82 ("the principal Act").}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid15153629\charrsid12007487 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 2.}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid11478068 Interpretation}{ \fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 - Section 2 of the principal Act is amended by inserting after the definition of "Registrar", the following definition }{\fs24\lang2057\langfe1033\langnp2057\insrsid15153629 \endash }{ \fs24\lang2057\langfe1033\langnp2057\insrsid12007487 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid15153629\charrsid12007487 \par }\pard \ql \li720\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin720\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 ""Registrar of Vessels" means the person responsible for the registration of vessels pursuant to Part III of the Shipping Act 1998;"}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 \par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid15153629\charrsid12007487 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 3.}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid11478068 Registration of company as international shipping com}{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid5271959 pany}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 - The principal Act is amended, by inserting af ter section 14, the following new section}{\fs24\lang2057\langfe1033\langnp2057\insrsid12648500 }{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid11478068\charrsid12007487 \par }\pard \ql \li720\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin720\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 "14A. }{ \fs24\ul\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid11478068 Registration of company as i}{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid11478068\charrsid11478068 nternational shipping company}{ \fs24\lang2057\langfe1033\langnp2057\insrsid11478068 \endash }{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 (1) If the memorandum of association of a company limited by shares and incorporated under section 14 contains the statements specified in subsection}{\fs24\lang2057\langfe1033\langnp2057\insrsid11478068 s (1) and (2) of section 18AA \endash \par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid11478068 \par }\pard \ql \li1440\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin1440\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 (a)}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 the company shall be registered on incorporation as an international shipping company; and}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 \par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 \par }\pard \ql \li1440\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin1440\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 (b)}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 the certificate of incorporation of the company and every certificate of renewal of registration of the co mpany shall state thereon that the company is an international shipping company. \par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid11478068 \par }\pard \ql \li720\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin720\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 (2)}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 Notwithstanding subsection (1), the Registrar shall not permit a company to remain registered as an international shipping company unless the Registrar is satisfied withi n one month of the registration of the company and upon the occasion of each renewal of registration of the company, that the company is the owner, charterer or manager of a ship registered or provisionally registered on the register of vessels kept and m aintained pursuant to Part III of the Shipping Act 1998. \par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid11478068 \par }\pard \ql \li720\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin720\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 (3)}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 For the purposes of subsection (2), the Registrar may require or view such documents or other evidence as shall be necessary for the Registrar to be satisfie d for the purposes of that subsection and the Registrar shall, notwithstanding any provision of the Shipping Act 1998 be entitled during usual business hours to inspect without payment of any fee, any document on the Cook Islands register of vessels relat ing to the registration, ownership, chartering or managing of a ship by a company that is registered as an international shipping company. \par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid11478068 \par }\pard \ql \li720\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin720\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 (4)}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 If at any time an international shipping company shall cease to be the owner, charterer or manager of a ship regi stered or provisionally registered on the register of vessels pursuant to Part III of the Shipping Act 1998, the}{\fs24\lang2057\langfe1033\langnp2057\insrsid12648500 }{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 - \par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid11478068 \par }\pard \ql \li1440\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin1440\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 (a)}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 trustee company where the registered office of the international shipping company is situate; and \par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid11478068 \par }\pard \ql \li1440\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin1440\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 (b)}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 the Registrar of Vessels,}{\fs24\lang2057\langfe1033\langnp2057\insrsid11478068 }{\fs24\lang2057\langfe1033\langnp2057\insrsid12134988 \par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13582031 {\fs24\lang2057\langfe1033\langnp2057\insrsid12134988 \par }\pard \ql \li720\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin720\itap0\pararsid12134988 {\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 shall, within 14 days of that fact coming to their knowledge, notify the Registrar of International and Foreign Companies of that fact and that Registrar shall note the register of international and foreign companies to that effect. \par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid11478068 \par }\pard \ql \li720\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin720\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 (5)}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 If at any time the Regis trar is not satisfied that an international shipping company is the owner, charterer or manager of a ship registered or provisionally registered on the register of vessels pursuant to Part III of the Shipping Act 1998, or upon receiving a notification fro m a trustee company or from the Registrar of Vessels pursuant to subsection (4), the Registrar shall send to the company a notice or facsimile addressed to the registered office of the company in the Cook Islands, to that effect and stating that if an answ e r satisfying the Registrar to the contrary is not received within 2 months from the date thereof, the Registrar will, unless the company has sooner been dissolved, strike the name of the company off the register of international and foreign companies. At t he expiration of the time specified in the letter forwarded to an international shipping company under this subsection, or such further time as the Registrar deems fit, the Registrar shall unless the company has been sooner dissolved or unless cause to th e contrary is previously shown, strike the name of the company off the register of international and foreign companies and the company shall thereupon, subject to section 197(3), be dissolved}{\fs24\lang2057\langfe1033\langnp2057\insrsid8654669 .}{ \fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 \par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid11478068 \par }\pard \ql \li720\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin720\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 (6)}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 A company that is not registered as an international shipping company on its incorporation, shall not subsequently be registered as an international shipping company." \par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid11478068 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 4.}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid11478068 Requirements as to memorandum}{ \fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 - Subsection (1) of section 18 of the principal Act is amended, by inserting in paragraph (e) after the words "an unlimited company", the words "an international shipping company".}{ \fs24\lang2057\langfe1033\langnp2057\insrsid12007487 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid11478068\charrsid12007487 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 5.}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid11478068 Additional matters to be stated in memora}{ \fs24\ul\lang2057\langfe1033\langnp2057\insrsid11478068\charrsid11478068 ndum of restricted purposes company}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 - The principal Act is amended by inserting after section 18, the following new section - \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid11478068 \par }\pard \ql \li720\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin720\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 "18AA }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid2062866 Additional matters to be stated in memorandum o}{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid11478068\charrsid2062866 f international s}{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid1837695 h}{ \fs24\ul\lang2057\langfe1033\langnp2057\insrsid11478068\charrsid2062866 ipping company}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 }{\fs24\lang2057\langfe1033\langnp2057\insrsid11478068 \endash }{ \fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 }{\fs24\lang2057\langfe1033\langnp2057\insrsid11478068 \par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid10164311 {\fs24\lang2057\langfe1033\langnp2057\insrsid1837695 \par }\pard \ql \li1440\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin1440\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 (1) The memorandum of association of a company limited by shares may state that the company is an international shipping company. \par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid11478068 \par }\pard \ql \li1440\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin1440\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 (2)}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 The memorandum of association of an international shipping company shall state that the principal objects of the company are to be the owner, charterer or manager of a ship registered or provisionally registered on the register of vessels pursuant to Part III of the Shipping Act 1998." \par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid11478068 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 6.}{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid11478068 General penalty provisions}{ \fs24\lang2057\langfe1033\langnp2057\insrsid12007487\charrsid12007487 - Subsection (3) of section 219 of the principal Act is amended by inserting immediately before the number "87", the number "14A(4)" \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12007487 \par }\pard \qc \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid13467155 {\fs24\lang2057\langfe1033\langnp2057\insrsid11478068 ___________________ \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid15009499 \par This Act is administered by the Financial Supervisory Commission}{\fs24\lang2057\langfe1033\langnp2057\insrsid15009499\charrsid12007487 \par }}