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{\f213\fmodern\fcharset0\fprq0{\*\panose 00000000000000000000}Courier-BoldOblique;}{\f214\fmodern\fcharset0\fprq0{\*\panose 00000000000000000000}Courier-Oblique;}{\f215\fmodern\fcharset0\fprq0{\*\panose 00000000000000000000}Courier-Bold;}
{\f216\fswiss\fcharset128\fprq2{\*\panose 020b0604020202020204}@Arial Unicode MS;}{\f217\fmodern\fcharset128\fprq1{\*\panose 00000000000000000000}@MS Mincho;}{\f218\fnil\fcharset134\fprq2{\*\panose 00000000000000000000}@SimSun;}
{\f219\fscript\fcharset0\fprq2{\*\panose 03030803040807090c04}CommercialScript BT;}{\f220\fswiss\fcharset0\fprq2{\*\panose 020e0605020203020404}CopprplGoth BT;}{\f221\froman\fcharset0\fprq2{\*\panose 0204050203030b020204}Dauphin;}
{\f222\fscript\fcharset0\fprq2{\*\panose 03060902030302020204}DomCasual BT;}{\f223\fscript\fcharset0\fprq2{\*\panose 03040702040608030603}EngrvrsOldEng BT;}{\f224\fdecor\fcharset0\fprq2{\*\panose 04040805071002020d02}FlamencoD;}
{\f225\fswiss\fcharset2\fprq2{\*\panose 020b0603050302020204}Food;}{\f226\fswiss\fcharset0\fprq2{\*\panose 020b0904030502020204}FrnkGothITC Hv BT;}{\f227\fswiss\fcharset0\fprq2{\*\panose 020b0506020204030204}Humanst521 Cn BT;}
{\f228\fscript\fcharset0\fprq2{\*\panose 03050502040202020203}Kids;}{\f229\fdecor\fcharset0\fprq2{\*\panose 040b0500000000000000}Lithograph;}{\f230\fnil\fcharset2\fprq2{\*\panose 05000000000000000000}Music;}
{\f231\fnil\fcharset0\fprq2{\*\panose 00000000000000000000}Papyrus LET;}{\f232\fscript\fcharset0\fprq2{\*\panose 03050502040202020b03}Technical;}{\f233\fswiss\fcharset2\fprq2{\*\panose 020b0603050302020204}Transportation;}
{\f234\froman\fcharset0\fprq2{\*\panose 00000000000000000000}CG Times (W1){\*\falt Times New Roman};}{\f235\fnil\fcharset0\fprq0{\*\panose 00000000000000000000}Arial-ItalicMT;}
{\f236\fnil\fcharset2\fprq2{\*\panose 01010601010101010101}Monotype Sorts{\*\falt Symbol};}{\f237\fnil\fcharset0\fprq2{\*\panose 00000400000000000000}Sydnie;}{\f238\fnil\fcharset161\fprq2{\*\panose 00000000000000000000}Sydnie Greek;}
{\f239\fdecor\fcharset2\fprq2{\*\panose 00000000000000000000}ZapfDingbats;}{\f240\froman\fcharset2\fprq2{\*\panose 05050102010205020202}MT Extra;}{\f241\froman\fcharset238\fprq2{\*\panose 00000000000000000000}Palatino CE;}
{\f242\froman\fcharset162\fprq2{\*\panose 00000000000000000000}Palatino Tur;}{\f243\froman\fcharset186\fprq2{\*\panose 00000000000000000000}Palatino Baltic;}{\f244\fmodern\fcharset0\fprq1{\*\panose 00000409000000000000}ACTCrest;}
{\f245\froman\fcharset0\fprq0{\*\panose 00000000000000000000}v{\*\falt Times New Roman};}{\f246\froman\fcharset0\fprq0{\*\panose 00000000000000000000}CordiaUPC{\*\falt Times New Roman};}
{\f247\froman\fcharset0\fprq0{\*\panose 00000000000000000000}David{\*\falt Times New Roman};}{\f248\froman\fcharset0\fprq0{\*\panose 00000000000000000000}???\'a2\'aeE\'a1\'cbcE\'a1\'cb\'a2\'e7EcE\'a1\'cb\'a2\'e7E\'a2\'aeEcEcE\'a1\'cb;}
{\f249\fnil\fcharset2\fprq2{\*\panose 05010101010101010101}WP MathA{\*\falt Symbol};}{\f250\fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Geneva;}{\f251\fmodern\fcharset0\fprq1{\*\panose 00000000000000000000}Roman 10cpi;}
{\f252\fmodern\fcharset0\fprq1{\*\panose 00000000000000000000}Roman 12cpi;}{\f253\fmodern\fcharset0\fprq1{\*\panose 00000000000000000000}Roman 17cpi;}{\f254\fmodern\fcharset0\fprq1{\*\panose 00000000000000000000}Roman 20cpi;}
{\f255\fmodern\fcharset0\fprq1{\*\panose 00000000000000000000}Roman 5cpi;}{\f256\fmodern\fcharset0\fprq1{\*\panose 00000000000000000000}Roman 6cpi;}{\f257\froman\fcharset0\fprq2{\*\panose 00000000000000000000}Roman PS;}
{\f258\froman\fcharset0\fprq2{\*\panose 00000000000000000000}Roman PX;}{\f259\fmodern\fcharset0\fprq1{\*\panose 00000000000000000000}Sans Serif 10cpi;}{\f260\fmodern\fcharset0\fprq1{\*\panose 00000000000000000000}Sans Serif 12cpi;}
{\f261\fmodern\fcharset0\fprq1{\*\panose 00000000000000000000}Sans Serif 17cpi;}{\f262\fmodern\fcharset0\fprq1{\*\panose 00000000000000000000}Sans Serif 20cpi;}{\f263\fmodern\fcharset0\fprq1{\*\panose 00000000000000000000}Sans Serif 5cpi;}
{\f264\fmodern\fcharset0\fprq1{\*\panose 00000000000000000000}Sans Serif 6cpi;}{\f265\fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Sans Serif PS;}{\f266\fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Sans Serif PX;}
{\f267\fmodern\fcharset0\fprq1{\*\panose 00000000000000000000}Draft 10cpi;}{\f268\fmodern\fcharset0\fprq1{\*\panose 00000000000000000000}Draft 12cpi;}{\f269\fmodern\fcharset0\fprq1{\*\panose 00000000000000000000}Fixedsys;}
{\f270\fmodern\fcharset255\fprq1{\*\panose 00000000000000000000}Terminal;}{\f271\fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Small Fonts;}{\f272\froman\fcharset2\fprq2{\*\panose 05050102010706020507}Bookshelf Symbol 3;}
{\f273\fswiss\fcharset2\fprq2{\*\panose 050b0604020202020204}Bookshelf Symbol 4;}{\f274\fnil\fcharset2\fprq2{\*\panose 05010101010101010101}Bookshelf Symbol 5;}{\f275\fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Univers Condensed;}
{\f276\fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Antique Olive;}{\f277\fmodern\fcharset0\fprq1{\*\panose 00000000000000000000}Letter Gothic;}{\f278\froman\fcharset0\fprq0{\*\panose 00000000000000000000}(normal text);}
{\f279\fmodern\fcharset0\fprq1{\*\panose 00000000000000000000}LinePrinter;}{\f280\froman\fcharset0\fprq2{\*\panose 01010100010101010101}Kartika;}{\f281\froman\fcharset0\fprq2{\*\panose 02040503050401020204}Nimrod{\*\falt Georgia};}
{\f282\fnil\fcharset0\fprq0{\*\panose 00000000000000000000}ArialMT;}{\f283\fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}AvantGarde Md BT;}{\f284\froman\fcharset162\fprq2{\*\panose 00000000000000000000}Bodoni MT Poster Compressed Tur;}
{\f285\fnil\fcharset0\fprq2{\*\panose 00000000000000000000}SPW;}{\f286\froman\fcharset136\fprq2{\*\panose 00000000000000000000}@PMingLiU;}{\f287\fswiss\fcharset0\fprq2{\*\panose 020b0604030504040204}Verdana Ref;}
{\f288\fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}Verdana Ref CE;}{\f289\fswiss\fcharset204\fprq2{\*\panose 00000000000000000000}Verdana Ref Cyr;}{\f290\fswiss\fcharset161\fprq2{\*\panose 00000000000000000000}Verdana Ref Greek;}
{\f291\fswiss\fcharset162\fprq2{\*\panose 00000000000000000000}Verdana Ref Tur;}{\f292\fswiss\fcharset186\fprq2{\*\panose 00000000000000000000}Verdana Ref Baltic;}{\f293\fswiss\fcharset163\fprq2{\*\panose 00000000000000000000}Verdana Ref (Vietnamese);}
{\f294\froman\fcharset0\fprq2{\*\panose 00000000000000000000}Times New Roman TUR{\*\falt Times New Roman};}{\f295\froman\fcharset163\fprq2{\*\panose 00000000000000000000}Times New Roman TUR (Vietnamese{\*\falt Times New Roman};}
{\f296\fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}CG Omega CE{\*\falt Century Gothic};}{\f297\fswiss\fcharset162\fprq2{\*\panose 00000000000000000000}CG Omega Tur{\*\falt Century Gothic};}
{\f298\fswiss\fcharset186\fprq2{\*\panose 00000000000000000000}CG Omega Baltic{\*\falt Century Gothic};}{\f299\fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}Albertus Medium CE{\*\falt Century Gothic};}
{\f300\fswiss\fcharset162\fprq2{\*\panose 00000000000000000000}Albertus Medium Tur{\*\falt Century Gothic};}{\f301\fswiss\fcharset186\fprq2{\*\panose 00000000000000000000}Albertus Medium Baltic{\*\falt Century Gothic};}
{\f302\froman\fcharset162\fprq2{\*\panose 00000000000000000000}Venetian301 BT Tur{\*\falt Georgia};}{\f303\fswiss\fcharset162\fprq2{\*\panose 00000000000000000000}Futura Md BT Tur{\*\falt Lucida Sans Unicode};}
{\f304\froman\fcharset162\fprq2{\*\panose 00000000000000000000}AmeriGarmnd BT Tur{\*\falt Times New Roman};}{\f305\froman\fcharset162\fprq2{\*\panose 00000000000000000000}Venetian301 Dm BT Tur{\*\falt Times New Roman};}
{\f306\fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}Albertus Extra Bold CE{\*\falt Century Gothic};}{\f307\fswiss\fcharset162\fprq2{\*\panose 00000000000000000000}Albertus Extra Bold Tur{\*\falt Century Gothic};}
{\f308\fswiss\fcharset186\fprq2{\*\panose 00000000000000000000}Albertus Extra Bold Baltic{\*\falt Century Gothic};}{\f309\fdecor\fcharset238\fprq2{\*\panose 00000000000000000000}AlgerianD CE{\*\falt Courier New};}
{\f310\fdecor\fcharset162\fprq2{\*\panose 00000000000000000000}AlgerianD Tur{\*\falt Courier New};}{\f311\fdecor\fcharset238\fprq2{\*\panose 00000000000000000000}AlgerianBasD CE{\*\falt Courier New};}
{\f312\fdecor\fcharset162\fprq2{\*\panose 00000000000000000000}AlgerianBasD Tur{\*\falt Courier New};}{\f313\froman\fcharset0\fprq0{\*\panose 00000000000000000000}AdineKirnberg{\*\falt Times New Roman};}
{\f314\froman\fcharset128\fprq0{\*\panose 00000000000000000000}????{\*\falt MS Mincho};}{\f315\froman\fcharset0\fprq0{\*\panose 00000000000000000000}Adler{\*\falt Times New Roman};}
{\f316\froman\fcharset0\fprq0{\*\panose 00000000000000000000}Andale Mono{\*\falt Times New Roman};}{\f317\froman\fcharset0\fprq0{\*\panose 00000000000000000000}AnAkronism{\*\falt Times New Roman};}
{\f318\froman\fcharset0\fprq0{\*\panose 00000000000000000000}Black Chancery{\*\falt Times New Roman};}{\f319\froman\fcharset0\fprq0{\*\panose 00000000000000000000}Alfredo s Dance{\*\falt Times New Roman};}
{\f320\froman\fcharset0\fprq0{\*\panose 00000000000000000000}Liquidism part 2{\*\falt Times New Roman};}{\f321\fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}CG Omega (PCL6);}
{\f322\froman\fcharset238\fprq2{\*\panose 00000000000000000000}Century CE{\*\falt Calisto MT};}{\f323\froman\fcharset204\fprq2{\*\panose 00000000000000000000}Century Cyr{\*\falt Calisto MT};}
{\f324\froman\fcharset161\fprq2{\*\panose 00000000000000000000}Century Greek{\*\falt Calisto MT};}{\f325\froman\fcharset162\fprq2{\*\panose 00000000000000000000}Century Tur{\*\falt Calisto MT};}
{\f326\froman\fcharset186\fprq2{\*\panose 00000000000000000000}Century Baltic{\*\falt Calisto MT};}{\f327\fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}Arial Unicode MS CE;}
{\f328\fswiss\fcharset204\fprq2{\*\panose 00000000000000000000}Arial Unicode MS Cyr;}{\f329\fswiss\fcharset161\fprq2{\*\panose 00000000000000000000}Arial Unicode MS Greek;}
{\f330\fswiss\fcharset162\fprq2{\*\panose 00000000000000000000}Arial Unicode MS Tur;}{\f331\fswiss\fcharset177\fprq2{\*\panose 00000000000000000000}Arial Unicode MS (Hebrew);}
{\f332\fswiss\fcharset178\fprq2{\*\panose 00000000000000000000}Arial Unicode MS (Arabic);}{\f333\fswiss\fcharset186\fprq2{\*\panose 00000000000000000000}Arial Unicode MS Baltic;}
{\f334\fswiss\fcharset163\fprq2{\*\panose 00000000000000000000}Arial Unicode MS (Vietnamese);}{\f335\fswiss\fcharset222\fprq2{\*\panose 00000000000000000000}Arial Unicode MS (Thai);}
{\f336\fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}@Arial Unicode MS Western;}{\f337\fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}@Arial Unicode MS CE;}
{\f338\fswiss\fcharset204\fprq2{\*\panose 00000000000000000000}@Arial Unicode MS Cyr;}{\f339\fswiss\fcharset161\fprq2{\*\panose 00000000000000000000}@Arial Unicode MS Greek;}
{\f340\fswiss\fcharset162\fprq2{\*\panose 00000000000000000000}@Arial Unicode MS Tur;}{\f341\fswiss\fcharset177\fprq2{\*\panose 00000000000000000000}@Arial Unicode MS (Hebrew);}
{\f342\fswiss\fcharset178\fprq2{\*\panose 00000000000000000000}@Arial Unicode MS (Arabic);}{\f343\fswiss\fcharset186\fprq2{\*\panose 00000000000000000000}@Arial Unicode MS Baltic;}
{\f344\fswiss\fcharset163\fprq2{\*\panose 00000000000000000000}@Arial Unicode MS (Vietnamese);}{\f345\fswiss\fcharset222\fprq2{\*\panose 00000000000000000000}@Arial Unicode MS (Thai);}
{\f346\froman\fcharset0\fprq0{\*\panose 00000000000000000000}\'b9\'d9\'c5\'c1;}{\f347\froman\fcharset238\fprq2{\*\panose 00000000000000000000}CG Times CE{\*\falt Times New Roman};}
{\f348\froman\fcharset162\fprq2{\*\panose 00000000000000000000}CG Times Tur{\*\falt Times New Roman};}{\f349\froman\fcharset186\fprq2{\*\panose 00000000000000000000}CG Times Baltic{\*\falt Times New Roman};}
{\f350\froman\fcharset0\fprq0{\*\panose 00000000000000000000}Dutch{\*\falt Times New Roman};}{\f351\froman\fcharset0\fprq0{\*\panose 00000000000000000000}Dutch Bold{\*\falt Times New Roman};}
{\f352\fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}AvantGarde Bk BT CE{\*\falt Century Gothic};}{\f353\fswiss\fcharset161\fprq2{\*\panose 00000000000000000000}AvantGarde Bk BT Greek{\*\falt Century Gothic};}
{\f354\fswiss\fcharset162\fprq2{\*\panose 00000000000000000000}AvantGarde Bk BT Tur{\*\falt Century Gothic};}{\f355\froman\fcharset238\fprq2{\*\panose 00000000000000000000}Belwe Bd BT CE{\*\falt Book Antiqua};}
{\f356\froman\fcharset161\fprq2{\*\panose 00000000000000000000}Belwe Bd BT Greek{\*\falt Book Antiqua};}{\f357\froman\fcharset162\fprq2{\*\panose 00000000000000000000}Belwe Bd BT Tur{\*\falt Book Antiqua};}
{\f358\fscript\fcharset238\fprq2{\*\panose 00000000000000000000}CommercialScript BT CE;}{\f359\fscript\fcharset161\fprq2{\*\panose 00000000000000000000}CommercialScript BT Greek;}
{\f360\fscript\fcharset162\fprq2{\*\panose 00000000000000000000}CommercialScript BT Tur;}{\f361\fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}CopprplGoth BT CE;}
{\f362\fswiss\fcharset161\fprq2{\*\panose 00000000000000000000}CopprplGoth BT Greek;}{\f363\fswiss\fcharset162\fprq2{\*\panose 00000000000000000000}CopprplGoth BT Tur;}{\f364\fscript\fcharset238\fprq2{\*\panose 00000000000000000000}DomCasual BT CE;}
{\f365\fscript\fcharset161\fprq2{\*\panose 00000000000000000000}DomCasual BT Greek;}{\f366\fscript\fcharset162\fprq2{\*\panose 00000000000000000000}DomCasual BT Tur;}{\f367\fscript\fcharset238\fprq2{\*\panose 00000000000000000000}EngrvrsOldEng BT CE;}
{\f368\fscript\fcharset161\fprq2{\*\panose 00000000000000000000}EngrvrsOldEng BT Greek;}{\f369\fscript\fcharset162\fprq2{\*\panose 00000000000000000000}EngrvrsOldEng BT Tur;}
{\f370\fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}FrnkGothITC Hv BT CE;}{\f371\fswiss\fcharset161\fprq2{\*\panose 00000000000000000000}FrnkGothITC Hv BT Greek;}
{\f372\fswiss\fcharset162\fprq2{\*\panose 00000000000000000000}FrnkGothITC Hv BT Tur;}{\f373\fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}Humanst521 Cn BT CE;}
{\f374\fswiss\fcharset161\fprq2{\*\panose 00000000000000000000}Humanst521 Cn BT Greek;}{\f375\fswiss\fcharset162\fprq2{\*\panose 00000000000000000000}Humanst521 Cn BT Tur;}{\f376\fnil\fcharset161\fprq2{\*\panose 00000000000000000000}Papyrus LET Greek;}
{\f377\fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}Helvetica CE;}{\f378\fswiss\fcharset204\fprq2{\*\panose 00000000000000000000}Helvetica Cyr;}{\f379\fswiss\fcharset161\fprq2{\*\panose 00000000000000000000}Helvetica Greek;}
{\f380\fswiss\fcharset162\fprq2{\*\panose 00000000000000000000}Helvetica Tur;}{\f381\fswiss\fcharset177\fprq2{\*\panose 00000000000000000000}Helvetica (Hebrew);}{\f382\fswiss\fcharset178\fprq2{\*\panose 00000000000000000000}Helvetica (Arabic);}
{\f383\fswiss\fcharset186\fprq2{\*\panose 00000000000000000000}Helvetica Baltic;}{\f384\fswiss\fcharset163\fprq2{\*\panose 00000000000000000000}Helvetica (Vietnamese);}
{\f385\fmodern\fcharset0\fprq1{\*\panose 00000000000000000000}MS Mincho Western{\*\falt ?l?r ??\'81fc};}{\f386\fmodern\fcharset238\fprq1{\*\panose 00000000000000000000}MS Mincho CE{\*\falt ?l?r ??\'81fc};}
{\f387\fmodern\fcharset204\fprq1{\*\panose 00000000000000000000}MS Mincho Cyr{\*\falt ?l?r ??\'81fc};}{\f388\fmodern\fcharset161\fprq1{\*\panose 00000000000000000000}MS Mincho Greek{\*\falt ?l?r ??\'81fc};}
{\f389\fmodern\fcharset162\fprq1{\*\panose 00000000000000000000}MS Mincho Tur{\*\falt ?l?r ??\'81fc};}{\f390\fmodern\fcharset186\fprq1{\*\panose 00000000000000000000}MS Mincho Baltic{\*\falt ?l?r ??\'81fc};}
{\f391\froman\fcharset0\fprq2{\*\panose 00000000000000000000}Batang Western{\*\falt \'a2\'ae\'a1\'d7IoUAA};}{\f392\froman\fcharset238\fprq2{\*\panose 00000000000000000000}Batang CE{\*\falt c\'ae!\'d7IoUAA};}
{\f393\froman\fcharset204\fprq2{\*\panose 00000000000000000000}Batang Cyr{\*\falt ?\'ae??IoUAA};}{\f394\froman\fcharset161\fprq2{\*\panose 00000000000000000000}Batang Greek{\*\falt ?\'ae??IoUAA};}
{\f395\froman\fcharset162\fprq2{\*\panose 00000000000000000000}Batang Tur{\*\falt \'a2\'ae\'a1\'d7IoUAA};}{\f396\froman\fcharset186\fprq2{\*\panose 00000000000000000000}Batang Baltic{\*\falt \'a2\'ae?\'d7IoUAA};}
{\f397\fnil\fcharset0\fprq2{\*\panose 00000000000000000000}SimSun Western{\*\falt ????\'a8\'ac??};}{\f398\froman\fcharset0\fprq2{\*\panose 00000000000000000000}PMingLiU Western{\*\falt !Ps2OcuAe};}
{\f399\fmodern\fcharset0\fprq1{\*\panose 00000000000000000000}MS Gothic Western{\*\falt ?l?r ?S?V?b?N};}{\f400\fmodern\fcharset238\fprq1{\*\panose 00000000000000000000}MS Gothic CE{\*\falt ?l?r ?S?V?b?N};}
{\f401\fmodern\fcharset204\fprq1{\*\panose 00000000000000000000}MS Gothic Cyr{\*\falt ?l?r ?S?V?b?N};}{\f402\fmodern\fcharset161\fprq1{\*\panose 00000000000000000000}MS Gothic Greek{\*\falt ?l?r ?S?V?b?N};}
{\f403\fmodern\fcharset162\fprq1{\*\panose 00000000000000000000}MS Gothic Tur{\*\falt ?l?r ?S?V?b?N};}{\f404\fmodern\fcharset186\fprq1{\*\panose 00000000000000000000}MS Gothic Baltic{\*\falt ?l?r ?S?V?b?N};}
{\f405\fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Dotum Western{\*\falt \'a1\'cb\'a2\'e7E\'a2\'aeEcE\'a2\'aeE\'a1\'cbcEcE\'a2\'aeE\'a1\'cbcE\'a1\'cb\'a2\'e7E};}
{\f406\fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}Dotum CE{\*\falt !\'cbc\'e7Ec\'aeEcEc\'aeE!\'cbcEcEc\'aeE!\'cbcE!\'cbc\'e7E};}
{\f407\fswiss\fcharset204\fprq2{\*\panose 00000000000000000000}Dotum Cyr{\*\falt ?E?cE?\'aeEcE?\'aeE?EcEcE?\'aeE?EcE?E?cE};}{\f408\fswiss\fcharset161\fprq2{\*\panose 00000000000000000000}Dotum Greek{\*\falt ?E?cE?\'aeEcE?\'aeE?EcEcE?\'aeE?EcE?E?cE};}
{\f409\fswiss\fcharset162\fprq2{\*\panose 00000000000000000000}Dotum Tur{\*\falt \'a1\'cb\'a2\'e7E\'a2\'aeEcE\'a2\'aeE\'a1\'cbcEcE\'a2\'aeE\'a1\'cbcE\'a1\'cb\'a2\'e7E};}
{\f410\fswiss\fcharset186\fprq2{\*\panose 00000000000000000000}Dotum Baltic{\*\falt ??\'a2?E\'a2\'aeEcE\'a2\'aeE??cEcE\'a2\'aeE??cE??\'a2?E};}{\f411\fmodern\fcharset0\fprq1{\*\panose 00000000000000000000}MingLiU Western{\*\falt 2OcuAe};}
{\f412\fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Gulim Western{\*\falt \'a2\'aeE\'a1\'cbcE\'a1\'cb\'a2\'e7EcE\'a1\'cb\'a2\'e7E\'a2\'aeEcEcE\'a1\'cb\'a2\'e7E};}
{\f413\fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}Gulim CE{\*\falt c\'aeE!\'cbcE!\'cbc\'e7EcE!\'cbc\'e7Ec\'aeEcEcE!\'cbc\'e7E};}
{\f414\fswiss\fcharset204\fprq2{\*\panose 00000000000000000000}Gulim Cyr{\*\falt ?\'aeE?EcE?E?cEcE?E?cE?\'aeEcEcE?E?cE};}{\f415\fswiss\fcharset161\fprq2{\*\panose 00000000000000000000}Gulim Greek{\*\falt ?\'aeE?EcE?E?cEcE?E?cE?\'aeEcEcE?E?cE};}
{\f416\fswiss\fcharset162\fprq2{\*\panose 00000000000000000000}Gulim Tur{\*\falt \'a2\'aeE\'a1\'cbcE\'a1\'cb\'a2\'e7EcE\'a1\'cb\'a2\'e7E\'a2\'aeEcEcE\'a1\'cb\'a2\'e7E};}
{\f417\fswiss\fcharset186\fprq2{\*\panose 00000000000000000000}Gulim Baltic{\*\falt \'a2\'aeE??cE??\'a2?EcE??\'a2?E\'a2\'aeEcEcE??\'a2?E};}{\f418\froman\fcharset238\fprq2{\*\panose 00000000000000000000}Rockwell CE;}
{\f419\froman\fcharset238\fprq2{\*\panose 00000000000000000000}Times CE;}{\f420\froman\fcharset204\fprq2{\*\panose 00000000000000000000}Times Cyr;}{\f421\froman\fcharset161\fprq2{\*\panose 00000000000000000000}Times Greek;}
{\f422\froman\fcharset162\fprq2{\*\panose 00000000000000000000}Times Tur;}{\f423\froman\fcharset177\fprq2{\*\panose 00000000000000000000}Times (Hebrew);}{\f424\froman\fcharset178\fprq2{\*\panose 00000000000000000000}Times (Arabic);}
{\f425\froman\fcharset186\fprq2{\*\panose 00000000000000000000}Times Baltic;}{\f426\froman\fcharset163\fprq2{\*\panose 00000000000000000000}Times (Vietnamese);}{\f427\froman\fcharset0\fprq2{\*\panose 00000000000000000000}@Batang Western;}
{\f428\froman\fcharset238\fprq2{\*\panose 00000000000000000000}@Batang CE;}{\f429\froman\fcharset204\fprq2{\*\panose 00000000000000000000}@Batang Cyr;}{\f430\froman\fcharset161\fprq2{\*\panose 00000000000000000000}@Batang Greek;}
{\f431\froman\fcharset162\fprq2{\*\panose 00000000000000000000}@Batang Tur;}{\f432\froman\fcharset186\fprq2{\*\panose 00000000000000000000}@Batang Baltic;}{\f433\fmodern\fcharset0\fprq1{\*\panose 00000000000000000000}@MS Mincho Western;}
{\f434\fmodern\fcharset238\fprq1{\*\panose 00000000000000000000}@MS Mincho CE;}{\f435\fmodern\fcharset204\fprq1{\*\panose 00000000000000000000}@MS Mincho Cyr;}{\f436\fmodern\fcharset161\fprq1{\*\panose 00000000000000000000}@MS Mincho Greek;}
{\f437\fmodern\fcharset162\fprq1{\*\panose 00000000000000000000}@MS Mincho Tur;}{\f438\fmodern\fcharset186\fprq1{\*\panose 00000000000000000000}@MS Mincho Baltic;}{\f439\fnil\fcharset0\fprq2{\*\panose 00000000000000000000}@SimSun Western;}
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\qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7817500 \fs20\cf1\lang5129\langfe5129\cgrid\langnp5129\langfenp5129 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid7817500\charrsid12132528 COOK ISLANDS}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3439856 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid3439856 
\par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7817500 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid7817500\charrsid12132528 INTERNATIONAL COMPANIES ACT}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid5068491 
 (No. 2)}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid6829325  1991}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7817500\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3439856 {\fs24\lang2057\langfe5129\langnp2057\insrsid3439856 
\par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7817500 {\fs24\lang2057\langfe5129\langnp2057\insrsid7817500\charrsid12132528 ANALYSIS
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par Title
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7817500\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 1. Short Title and commencement
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528 2. Interpretation
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 3. Restriction on shareholding in international and foreign companies}{\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 4. Permitted purposes for incorporation
\par 5. Registered company auditors
\par 6. Registers
\par 7. Formation of companies}{\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528 
\par 8}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 . Registration and incorporation
\par 9. Requirements as to memorandum
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528 10. Liability of members
\par 11. No liability companies
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 1}{\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528 2}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 . Companies limited by gu
arantee and companies limited both by shar}{\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 s and by guarantee
\par 1}{\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528 3. Unlimited companies
\par 14. Mutual companies
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 15. Change of status
\par 16. Alteration of memorandum}{\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 17. Pre}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 incorporation contracts
\par 18. Names of companies
\par 19. Alteration of article}{\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528 s
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 20. Transactions and }{\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528 b}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ranches
\par 21. Persons having dealings with international companies
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528 22}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 . Prohibition against carrying on business with no members
\par 23. Call and shares
\par 24. Bearer shares and bearer share warrants
\par 25. Premiums }{\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528 received on }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 issue of share}{\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528 s}
{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528 may be share }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 cap}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528 ital
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 26. Proceeds}{\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528  of issue of shares of no par value
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 27. Effect of }{\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528 conversion of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 par value }{
\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528 share capital into }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 no }{\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528 p}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5260034\charrsid12132528 ar value share capital and vice }{\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528 versa
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 28. Currency }{\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 f shares,}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528  intere}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528 t-bearing }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 shares, }{\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528 redeemable}{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 
 shares, shares with special rights}{\fs24\lang2057\langfe5129\langnp2057\insrsid8197303\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid5260034\charrsid12132528 and gift sha}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid5260034\charrsid12132528 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 s
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14957857 29. Redeemable shares and repurchase }{\fs24\lang2057\langfe5129\langnp2057\insrsid3033204 of }{\fs24\lang2057\langfe5129\langnp2057\insrsid14957857 shares
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 3}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 0. Dealing by }{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 a company in its own

\par 31. Power to pay certain commi}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 sions
\par 32. Issue of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 sh}{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 ares at a discount}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 33. Alteration of share capital
\par 34. New sections inserted
\par 35. Rights }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 of h}{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 olders}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 classes of }{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 shares
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11994275 36. Numbering of shares
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 3}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 7. }{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 I}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 nstruments }{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 of transfer
\par 38}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528  Filing of charges
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 39. Duty to fil}{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 e charges and}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  filing of }
{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 pre-existing charges}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par 40. }{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 Applica}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 ion of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid8388682 D}{\fs24\lang2057\langfe5129\langnp2057\insrsid3021933 ivision}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par 41. Publication }{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 of name
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 42. Disclosure of}{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528  intere}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 s}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 t in contracts, property, of}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 fices etc}{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 

\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4327874 43. Code for the establishment of liabilities of officers
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 44. Limitation of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 liabilit}{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 y of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 officers}{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 45. Annual general}{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528  meeting
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 46. Meetings
\par 47. Auditors
\par 48. Mode in which objects of company may be }{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 altered
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 49. Alteration of Articles}{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 50. Premiums received on issue of shares to be share capital and lim}{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 itations on application thereof
\par 51. }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Section 126H(2) not to apply to premiums on shares issued pursuant to scheme of acquisition}{\fs24\lang2057\langfe5129\langnp2057\insrsid5135938\charrsid12132528 
\par 52. }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Proceeds of shares}{\fs24\lang2057\langfe5129\langnp2057\insrsid1783226\charrsid12132528  of no par value to be stated capital}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid1783226\charrsid12132528 53. Effect of conversion of par value share capital }{\fs24\lang2057\langfe5129\langnp2057\insrsid16581312 into no par value share capital }{
\fs24\lang2057\langfe5129\langnp2057\insrsid1783226\charrsid12132528 and vice versa}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid1783226\charrsid12132528 54. Currency of shares, interest-bearing}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528  shares, redeem}{\fs24\lang2057\langfe5129\langnp2057\insrsid1783226\charrsid12132528 
able shares and shares with special rights
\par 55. Dealing by a company in its own shares
\par 56. Duties and liabil}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid1783226\charrsid12132528 ties of officers
\par 57. Meetings
\par 58. Inspection and closing of register
\par 59. Sales other than at proper value
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 60. }{\fs24\lang2057\langfe5129\langnp2057\insrsid1783226\charrsid12132528 Secrecy
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 61. Asset protection}{\fs24\lang2057\langfe5129\langnp2057\insrsid1783226\charrsid12132528 
\par 62.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Amalgamation of Companies
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid1783226\charrsid12132528 63. }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Power to acquire}{\fs24\lang2057\langfe5129\langnp2057\insrsid1783226\charrsid12132528 
 shares of holders dissenting from s}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 c}{\fs24\lang2057\langfe5129\langnp2057\insrsid1783226\charrsid12132528 heme or contract approved by majority}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid1783226\charrsid12132528 64. Payment of certain debts out of assets subject to floating charge in priority to claims under charge
\par 65. }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Effect on winding}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 up
\par 66. Books o}{\fs24\lang2057\langfe5129\langnp2057\insrsid1783226\charrsid12132528 f liquidator and}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  company}{\fs24\lang2057\langfe5129\langnp2057\insrsid1783226\charrsid12132528 

\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 67.}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid3103559\charrsid12132528 V}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 oidable }{\fs24\lang2057\langfe5129\langnp2057\insrsid3103559\charrsid12132528 transactions
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 68.}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Contrac}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3103559\charrsid12132528 ts avoiding rules as to distribution of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 assets
\par 69. Sales o}{\fs24\lang2057\langfe5129\langnp2057\insrsid3103559\charrsid12132528 ther than at proper value}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par 70. }{\fs24\lang2057\langfe5129\langnp2057\insrsid3103559\charrsid12132528 Disclaimer of onerous property
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 71. }{\fs24\lang2057\langfe5129\langnp2057\insrsid3103559\charrsid12132528 Offences by officers of companies in liquidation
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 72.}{\fs24\lang2057\langfe5129\langnp2057\insrsid3103559\charrsid12132528  Liability where proper accounts not kept or debts incurred without reasonable expectation of payment}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3103559\charrsid12132528 73. Personal liabil}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid3103559\charrsid12132528 ty for debts
\par 7}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 4.}{\fs24\lang2057\langfe5129\langnp2057\insrsid3103559\charrsid12132528  Defunct companies}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3103559\charrsid12132528 7}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 5.}{\fs24\lang2057\langfe5129\langnp2057\insrsid3103559\charrsid12132528  Foreign companies}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12132528\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid3103559\charrsid12132528 - Interpreta}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3103559\charrsid12132528 ion}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3103559\charrsid12132528 7}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 6. }{\fs24\lang2057\langfe5129\langnp2057\insrsid3103559\charrsid12132528 
Transfer from Cook Islands of companies incorporated under this Act
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 7}{\fs24\lang2057\langfe5129\langnp2057\insrsid3103559\charrsid12132528 7. Translation of instruments
\par 7}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 8.}{\fs24\lang2057\langfe5129\langnp2057\insrsid3103559\charrsid12132528  General penalty provisions}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528\charrsid12132528 79. Prohibitions by Minister}{\fs24\lang2057\langfe5129\langnp2057\insrsid3103559\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 80. Sec}{\fs24\lang2057\langfe5129\langnp2057\insrsid3103559\charrsid12132528 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 e}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3103559\charrsid12132528 cy}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3103559\charrsid12132528 81. Form of company registers and records}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3103559\charrsid12132528 82. Asset protection
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3952067\charrsid12132528 83. Application of various section}{\fs24\lang2057\langfe5129\langnp2057\insrsid13828799 s to companies limited by }{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 g}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3952067\charrsid12132528 uarantee and }{\fs24\lang2057\langfe5129\langnp2057\insrsid13828799 companies limited by both guarantee and }{\fs24\lang2057\langfe5129\langnp2057\insrsid3952067\charrsid12132528 shares

\par 84. Non-application of Divisions 2 an}{\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid3952067\charrsid12132528  3 to Registered Listed Companies
\par 85. Application moneys to be held in trust until allotment
\par 86. Proper law
\par 87. Regulation of foreign inve}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid3952067\charrsid12132528 tment in the Cook Islands
\par 88. Consequential repeals and amendments
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3952067 {\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 ----------------------------------------}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3952067\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid3952067\charrsid12132528 
\par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3952067 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 1991, No. 31
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid3952067\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid6829325 {\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 An Ac}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid3952067\charrsid12132528 t
}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 to amend the International Compan}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid3952067\charrsid12132528 ies Act 1981-82.}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid3952067\charrsid12132528 
\par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 BE IT ENACTED}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 by the Parliament of the Cook Islands in Session assembled, and by the authority on the same, as follows:
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3952067\charrsid12132528 
\par 1. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid3952067\charrsid12132528 Short Title and commencement}{\fs24\lang2057\langfe5129\langnp2057\insrsid3952067\charrsid12132528  - (1) This Act may be cited as the International Companies Amendment Act (No.}
{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid3952067\charrsid12132528 2) 1991 and shall be read together and deemed part of the International Companies Act 1981-82 (hereinafter referred to as }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid3952067\charrsid12132528 the principal Act}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3952067\charrsid12132528 ).
\par 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) Except where otherwise indicated, t}{\fs24\lang2057\langfe5129\langnp2057\insrsid3952067\charrsid12132528 he provisions of}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  this Act shall apply as from the day being}{\fs24\lang2057\langfe5129\langnp2057\insrsid6241779  one month after the date }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 of assent.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3952067\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (3) Section 87 of this Act shall be dee}{\fs24\lang2057\langfe5129\langnp2057\insrsid3761462\charrsid12132528 med}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid3761462\charrsid12132528 to have come }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
into force on the same day the principal Act}{\fs24\lang2057\langfe5129\langnp2057\insrsid3761462\charrsid12132528  came into force.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3761462\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 2. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Interpretation}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Subsection (1) of }{\fs24\lang2057\langfe5129\langnp2057\insrsid9787906\charrsid12132528 section 2 of the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 principal Act is amended by }{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9787906\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid9787906 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a) Omitting from the definition of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9582583 audit period}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid354250  the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 and, when used in relati}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15405480 on to the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  appointment of an auditor, mean}{\fs24\lang2057\langfe5129\langnp2057\insrsid15405480 s}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid354250 a period expiring }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 on the 30th day of June next }{
\fs24\lang2057\langfe5129\langnp2057\insrsid16270179 after the expiring }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 of the preceding audit period or, }{\fs24\lang2057\langfe5129\langnp2057\insrsid16270179 if there be no }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 preceding audit period, a perio}{\fs24\lang2057\langfe5129\langnp2057\insrsid16270179 d expiring on the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 30th day of June next after the}{\fs24\lang2057\langfe5129\langnp2057\insrsid14374352  appointment of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 auditor}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9787906 {\fs24\lang2057\langfe5129\langnp2057\insrsid9787906\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid9787906 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b) Inserting after the term }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 
"}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Compa}{\fs24\lang2057\langfe5129\langnp2057\insrsid9787906\charrsid12132528 ny}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid9787906\charrsid12132528 and its }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 definition the following terms}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9787906\charrsid12132528  and definitions:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9787906 {\fs24\lang2057\langfe5129\langnp2057\insrsid9787906\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid9787906 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 ""}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
Company limited by guarantee}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  means an international company formed on the principle of having the liability of its}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid3232233 memb}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
ers limited to the respective amounts that the members undertake to contribute from time to time and in the event of it being wound up and which is sated to be an international company limited by guarantee in its memorandum;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9787906 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9787906\charrsid5317677 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid9787906 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5260034\charrsid680108 
Company limited by shares}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid680108  mean}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9787906\charrsid680108 s an international 
}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid680108 company formed on the principle }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid680108  of having the }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid680108 li
ability of its members limited }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9787906\charrsid680108 to the amount (if }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid680108 any) unpaid on the shares respec}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9787906\charrsid680108 tively held by}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid680108  them and which is stated to be a}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9787906\charrsid680108 n international }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid680108 company limited by shares in its}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9787906\charrsid680108  memorandum;}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid680108 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9787906 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9787906\charrsid680108 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid9787906 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid485900 
Company limited both by shares }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9787906\charrsid485900 and }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid680108 by }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12132528\charrsid485900 g}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid680108 uarantee}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12132528\charrsid485900  }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9787906\charrsid485900 m}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid485900 eans an international company f}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9787906\charrsid485900 
ormed on the}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid485900  principle of having the liabilit}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9787906\charrsid485900 y of its members:-}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid485900 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9787906 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9787906\charrsid485900 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid9787906 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9787906\charrsid485900 (a) in the case of members who have given a }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12132528\charrsid485900 g}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9787906\charrsid485900 uarantee, limited to the respective amount that they have undertaken to contr}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12132528\charrsid485900 i}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9787906\charrsid485900 bute from time to time and in the event of it being wound up; and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid485900 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid9787906 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 in the case of members }{\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 who are }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
shareholders, limited t}{\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 o the amount}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 (if }
{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 any) unpaid on the shar}{\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 es respectively }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
held by them,
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5327607 {\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid5327607 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 and which is stated to be a comp}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 any limited both}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  by shares and by guarantee in it}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 s mem}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 orandum;}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 ;}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5327607 {\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid5327607 {\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 (c) O}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
mitting the definition of }{\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 the term }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 Creditor}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528  and }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 substituting the following}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528  defin}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 tion:}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5327607 {\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid5327607 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
means a person whose debt or }{\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 claim is }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 admissible against the compan}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 y under section}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  155 and, in respect of the pr}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 oof}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 of debts or }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 claims, includes a person see}{\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 kin}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 g}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528  to prove that }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 his claim is so admissible, b}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 ut shall exclude any }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 foreign government and an}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 y taxation }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 authority of any foreign gove}{\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 
rnment}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5327607 {\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid5327607 {\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 (d) Inserting after the term }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "
}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Debent}{\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 ure}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 and its }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 definition the following term an}
{\fs24\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 d definition:}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5327607 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5327607\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid6033924 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 ""}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Debt}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 means any actual or contingent debt, but shall exclude any taxation, fine or penalty or any liability under any public law imposed by any foreign government and any other debt or obligation incapable of being}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid6033924\charrsid12132528  enforced in the Cook islands;}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid6033924\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10189115 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10189115\charrsid12132528 (e) }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Omitting the definition of the }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10189115\charrsid12132528 term }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10189115\charrsid12132528 Director}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10189115\charrsid12132528  and }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 substituting the following defini}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10189115\charrsid12132528 tion:}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid6033924\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10189115 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
means any person occupying th}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10189115\charrsid12132528 e position}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10189115\charrsid12132528 of }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 director of an international c}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10189115\charrsid12132528 ompany and any}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  person held out by a company t}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10189115\charrsid12132528 o be a director}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10189115\charrsid12132528 ;}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10189115\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10189115 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10189115\charrsid12132528 (f) }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Inserting after the term }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Foreign }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10189115\charrsid12132528 company}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12132528  }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10189115\charrsid12132528 and its }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 definition the following term and}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10189115\charrsid12132528  definition:}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10189115\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10189115 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 ""}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Foreign Gov}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10189115\charrsid12132528 ernment}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10189115\charrsid12132528  means an}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12132528 y}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10189115\charrsid12132528  government,}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12132528  }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10189115\charrsid12132528 governmental }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 authority or agen}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10189115\charrsid12132528 cy}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10189115\charrsid12132528 or any quasi-}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 governmental authority or agen}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10189115\charrsid12132528 cy}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid984467\charrsid12132528  (other than}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the government of the Cook Isl}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid984467\charrsid12132528 ands or any}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  governmental authority or }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid984467\charrsid12132528 agency or any quasi-}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 governmental authority }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid984467\charrsid12132528 or agency of the Cook }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Islands);}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid9325858 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9325858\charrsid12132528 (g) }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
Inserting after the term }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Lodged}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9325858\charrsid12132528 and its }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
definition the following terms an}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9325858\charrsid12132528 d definitions:}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9325858\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid5260034 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 ""}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5260034\charrsid12132528 Meeting}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  shall have the exte}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9325858\charrsid12132528 nded meaning ascribed to}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  it in section 96(4}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9325858\charrsid12132528 ) of this Act;}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9325858\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid4528459 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4528459\charrsid12132528 Membership interest
}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4528459\charrsid12132528  means:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4528459\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid4142828 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4528459\charrsid12132528 
(a) in the case of a company limited by guarantee, the guarantors membership interest;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4528459\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid4142828 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4528459\charrsid12132528 
(b) in the case of a company limited by shares, a no liability company or an unlimited company, the sh}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12132528 a}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4528459\charrsid12132528 
reholders membership interest;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4528459\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid4142828 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4528459\charrsid12132528 (c) in the case of a company limited by shares }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4142828\charrsid12132528 and by gu}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12132528 a}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4142828\charrsid12132528 rantee}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4528459\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12143391\charrsid12132528 
\par }\pard \ql \li2880\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2880\itap0\pararsid4142828 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4142828\charrsid12132528 (i) the guarantors membership interest ; and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4142828 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4142828\charrsid12132528 
\par }\pard \ql \li2880\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2880\itap0\pararsid4142828 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4142828\charrsid12132528 (ii) the shareholders membership interest as the case may be
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4142828\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid4142828 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4142828\charrsid12132528 
(d) in the case of a mutual company the rights of any policy holder as member, or any other such interest e}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12132528 n}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4142828\charrsid12132528 
visaged by section 18E 10(b) of this Act;}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4142828\charrsid12132528 ;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4142828 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4142828\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10496225 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4142828\charrsid12132528 (h) Inserting }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10496225\charrsid12132528 after the term }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10496225\charrsid12132528 Minister}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10496225\charrsid12132528  and its definition the following terms and definitions:}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4142828\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12469744\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid12469744 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 ""}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12469744\charrsid12132528 Mutual company}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12469744\charrsid12132528  shall have the meaning attribute to it in subsection (1) of 18E of this Act;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12469744 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12469744\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid12469744 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12469744\charrsid12132528 
No liability company}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12469744\charrsid12132528 
 means an international company formed on the principal of having no liability placed on its members and which is stated to be a no liability company in its memorandum;}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12469744\charrsid12132528 ;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12469744 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12469744\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid12602578 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12602578\charrsid12132528 (i) Omitting the definition of the term }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12602578\charrsid12132528 Person}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12602578\charrsid12132528  and substituting the following definition:}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12469744\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12602578 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12602578\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid12602578 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
includes a natural person, a}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15100340\charrsid12132528  corporation sole,}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  a company, a partnership}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15100340\charrsid12132528 ,}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  a st}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15100340\charrsid12132528 atutory}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528  body or office,}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  an instrumental}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 it}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 y of }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 government, any }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 other public authority, any co}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 urt or tribunal}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  and any other body of persons }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 whether corporate }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5260034\charrsid12132528 or incorporate}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3092932 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid3092932 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 (j) }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5260034\charrsid12132528 
Inserting after the term }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 R}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 egiste}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 red company}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5260034\charrsid12132528  auditor}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  and its definition the f}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 ollowing term and }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 definition:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid3092932 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 ""}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Registered share}
{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  means any share issued by an international company standing in the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  register of members of the company i}{\fs24\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid15866129\charrsid12132528 
 the name of a member;}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3092932 {\fs24\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid3092932 {\fs24\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 (k) Omitting the definition of the term }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 Resident secretary}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528  and substituting the following definition:}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3092932 {\fs24\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid3092932 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 
means a trustee company, any wholly owned subsid}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 ia}{\fs24\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 
ry thereof or any officer of a trustee company appointed to be such under section 90}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 ;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3092932 {\fs24\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid3092932 {\fs24\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 (l) Omitting the definition of the term }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 Share}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 
 and substituting the following definition:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3092932 {\fs24\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid3092932 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 in relation to an interna
tional company means a share in the share capital of that company and includes stock}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 ;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3092932 {\fs24\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid3092932 {\fs24\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 (m) Inserting after the term }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "
}{\fs24\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 Trustee company}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528  and its definition }{
\fs24\lang2057\langfe5129\langnp2057\insrsid6520434\charrsid12132528 the following term and defin}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid6520434\charrsid12132528 t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13985699 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid6520434\charrsid12132528 on:}{\fs24\lang2057\langfe5129\langnp2057\insrsid3092932\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6520434 {\fs24\lang2057\langfe5129\langnp2057\insrsid6520434\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid6520434 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 ""}{\fs24\lang2057\langfe5129\langnp2057\insrsid6520434\charrsid12132528 Unlimited company}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6520434\charrsid12132528  means a com}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 pany f}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6520434\charrsid12132528 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid6520434\charrsid12132528 med on the principle of ha
ving no limit placed on the liability of its members and which is stated to be an unlimited company in its memorandum;}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6520434\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6520434 {\fs24\lang2057\langfe5129\langnp2057\insrsid6520434\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 3.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Restriction }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid2975500\charrsid12132528 on }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
shareholding in inte}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid2975500\charrsid12132528 rnational and}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  foreign companies}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Section 6 of the princi}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2975500\charrsid12132528 pal Act is amended }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 by adding after th}{\fs24\lang2057\langfe5129\langnp2057\insrsid15866129\charrsid12132528 
e words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15866129\charrsid12132528 this Act}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the word}{\fs24\lang2057\langfe5129\langnp2057\insrsid2975500\charrsid12132528 s }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2975500\charrsid12132528 or a foreign}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  company that has the centre of its administra}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2975500\charrsid12132528 tive management in}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the Cook Islands unless that foreign company }{
\fs24\lang2057\langfe5129\langnp2057\insrsid2975500\charrsid12132528 is registered under }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the Companies Act 1970}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 
-}{\fs24\lang2057\langfe5129\langnp2057\insrsid15866129\charrsid12132528 71}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15866129\charrsid12132528 .}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2975500\charrsid12132528 4. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid2975500\charrsid12132528 Permitted purposes for incorporation}{\fs24\lang2057\langfe5129\langnp2057\insrsid2975500\charrsid12132528 
 }{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid2975500\charrsid12132528  Section 7 of the principle Act is amended by:-
\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2975500 {\fs24\lang2057\langfe5129\langnp2057\insrsid2975500\charrsid12132528 (a) Adding to paragraph (c) of subsection (2) the words }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid2975500\charrsid12132528 unless it is permitted to do so pursuant to the Trustee Companies Act 1981}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 -}
{\fs24\lang2057\langfe5129\langnp2057\insrsid2975500\charrsid12132528 82}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid2975500\charrsid12132528 ;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2975500 {\fs24\lang2057\langfe5129\langnp2057\insrsid2975500\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2975500 {\fs24\lang2057\langfe5129\langnp2057\insrsid2975500\charrsid12132528 (b) Adding a new subsection as follows:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2975500 {\fs24\lang2057\langfe5129\langnp2057\insrsid2975500\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2975500 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid2975500\charrsid12132528 
(3) For the purposes of this section an international company shall not be regarded as carrying on the business of acting as a trustee company when acting as the trustee or}{\fs24\lang2057\langfe5129\langnp2057\insrsid10243251\charrsid12132528 
 one of the trustees of not more than three trusts.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid2975500\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10243251 {\fs24\lang2057\langfe5129\langnp2057\insrsid10243251\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid10243251\charrsid12132528 5. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid10243251\charrsid12132528 
Registered company auditors}{\fs24\lang2057\langfe5129\langnp2057\insrsid10243251\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid10243251\charrsid12132528  Section }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 10}{\fs24\lang2057\langfe5129\langnp2057\insrsid10243251\charrsid12132528  of the pr}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 i}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10243251\charrsid12132528 nciple Act is amended by repealing subsections (6), (7), (8) and (10)}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid10243251\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 6.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Registers}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Section 12 of the pri}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8348120\charrsid12132528 ncipal Act is}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  amended by inserting after subsection (2) the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid8348120\charrsid12132528 following }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 subsection }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid8348120 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2A) Notwithstandi}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8348120\charrsid12132528 ng the provisions of subsection (2), except }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 in the case of a debenture h}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8348120\charrsid12132528 older, director or}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  liquidator or in any case where the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8348120\charrsid12132528  prior written }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 consent of the international company or the trustee}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8348120\charrsid12132528  company acting for the international company is given, the Registrar shall not allow ay person to inspect a
ny document or provide any person with a copy or extract of any document unless the Registrar has given reasonable notice to the international company of his intention to do so, such notice to include details of the relevant documents and the persons who 
will inspect or be provided with a copy of such documents.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid8348120\charrsid12132528 .}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8348120 {\fs24\lang2057\langfe5129\langnp2057\insrsid8348120\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 7.}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Formation of companies}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Section }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528 13 of the principal }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
Act is amended by repealing subsection (3) }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid13985699 and }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2557488 inserting the }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
following subsections:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1970321 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1970321 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528 
(3) Every international company incorporated under this Act shall be:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1970321 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid1970321 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528 (a) a company limited by shares; 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1970321 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid1970321 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528 (b) a no liability company; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1970321 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid1970321 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528 (c) }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15351348 
a company limited by guarantee;}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1970321 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid1970321 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528 (d) }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid13985699 
a company, limited by both shares and}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12132528 ; }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528 or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1970321 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid1970321 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12132528 (e) an unlimited company; or}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1970321 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid1970321 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528 (f) a mutual company;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1970321 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1970321 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528 (4) Nothing in subsectio}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid13985699 n (}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528 3) of th}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15866129\charrsid12132528 is section shall in}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528  any way be construed to limit an int}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15866129\charrsid12132528 ernational}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528  company}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 '}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528 s ability to issue de}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15866129\charrsid12132528 benture }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15351348 pursuant to }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15866129\charrsid12132528 section 57 of this Act.}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528 
\par }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 8.}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 R}{
\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid1970321\charrsid12132528 egistration}{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  and incorporation}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12132528 -}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16214709\charrsid12132528 (1) Section 14 of }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the principal Act is amended by }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16214709\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid16214709 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16214709\charrsid12132528 (a) Inserting after subsection (6) the following subsection:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16214709\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid16214709 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid16214709\charrsid12132528 
(6A) Until such time as an international company is dissolved pursuant to the provisions of this Act, the international company shall continue its corporate existence }{\fs24\lang2057\langfe5129\langnp2057\insrsid15866129\charrsid12132528 (without }{
\fs24\lang2057\langfe5129\langnp2057\insrsid16214709\charrsid12132528 rendering defective any legal }{\fs24\lang2057\langfe5129\langnp2057\insrsid15866129\charrsid12132528 or other }{\fs24\lang2057\langfe5129\langnp2057\insrsid16214709\charrsid12132528 
proceedings instituted agains}{\fs24\lang2057\langfe5129\langnp2057\insrsid15866129\charrsid12132528 t the company or}{\fs24\lang2057\langfe5129\langnp2057\insrsid16214709\charrsid12132528  affecting any property, right}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15866129\charrsid12132528 ,}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15866129\charrsid12132528 powers,}{
\fs24\lang2057\langfe5129\langnp2057\insrsid16214709\charrsid12132528  authorities, duties, function}{\fs24\lang2057\langfe5129\langnp2057\insrsid15866129\charrsid12132528 s,}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15866129\charrsid12132528 liabilities or}{\fs24\lang2057\langfe5129\langnp2057\insrsid16214709\charrsid12132528  obligations of the internatio}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15866129\charrsid12132528 nal company}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15866129\charrsid12132528 or any}{
\fs24\lang2057\langfe5129\langnp2057\insrsid16214709\charrsid12132528  other person) notwithstanding }{\fs24\lang2057\langfe5129\langnp2057\insrsid15866129\charrsid12132528 that the }{\fs24\lang2057\langfe5129\langnp2057\insrsid16214709\charrsid12132528 
certificate of incorporation }{\fs24\lang2057\langfe5129\langnp2057\insrsid15866129\charrsid12132528 of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid16214709\charrsid12132528 international company may hav}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15866129\charrsid12132528 e expired and not been}{\fs24\lang2057\langfe5129\langnp2057\insrsid16214709\charrsid12132528  renewed within the time }{
\fs24\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528 specified in this section.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid16214709\charrsid12132528 ;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16214709\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15338435 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15338435\charrsid12132528 (b) Inserting after subsectio}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid13985699 n (7) the following subsection:}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16214709\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16214709\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid15338435 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15338435\charrsid12132528 
(7A) Save as may be specifi}{\fs24\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528 ed}{\fs24\lang2057\langfe5129\langnp2057\insrsid15338435\charrsid12132528  by }{\fs24\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528 
this Act or by }{\fs24\lang2057\langfe5129\langnp2057\insrsid15338435\charrsid12132528 contract, the members of an }{\fs24\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528 international }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15338435\charrsid12132528 company do not owe any duty, l}{\fs24\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528 iability or}{\fs24\lang2057\langfe5129\langnp2057\insrsid15338435\charrsid12132528 
 obligation to the internationa}{\fs24\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528 l company,}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528 any}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15338435\charrsid12132528  other member of the internatio}{\fs24\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528 nal company,}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528 any}{\fs24\lang2057\langfe5129\langnp2057\insrsid15338435\charrsid12132528  creditor of the international }{\fs24\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528 
company or any }{\fs24\lang2057\langfe5129\langnp2057\insrsid15338435\charrsid12132528 other company related to the i}{\fs24\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528 nternational company.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15338435\charrsid12132528 ;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15338435\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(2) Subsection (6A) of section 14 (as inserted by subsection (1) of this section) shall be deemed to have been in effect as from the date of the coming into force of the principal Act.
\par 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15338435\charrsid12132528 9. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15338435\charrsid12132528 Requirements as to memorandum}{\fs24\lang2057\langfe5129\langnp2057\insrsid15338435\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid15338435\charrsid12132528  (1) Subsection (1) of section 18 of the principal Act is amended by -
\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15338435 {\fs24\lang2057\langfe5129\langnp2057\insrsid15338435\charrsid12132528 (a) Inserting in paragraph (b) after the words }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15338435\charrsid12132528 in relation to the share capital of }{\fs24\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528 a company}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528  the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528 (if any)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528 ;}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15338435\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid15338435\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15338435 {\fs24\lang2057\langfe5129\langnp2057\insrsid15338435\charrsid12132528 (b) Adding the following paragraph:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid15338435\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid15338435 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(e) whether the company is a co}{\fs24\lang2057\langfe5129\langnp2057\insrsid3100108 mpany limited by}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  shares, a no li}{\fs24\lang2057\langfe5129\langnp2057\insrsid3100108 
ability company, a company limited }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 by guarantee}{\fs24\lang2057\langfe5129\langnp2057\insrsid3100108 , a company limited both by shares and by guarantee}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528  an}{\fs24\lang2057\langfe5129\langnp2057\insrsid3100108 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528  unlimited company, }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7019755 or a mutual }{\fs24\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528 company.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid15338435\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) Every international company incorporat}{\fs24\lang2057\langfe5129\langnp2057\insrsid5078575\charrsid12132528 ed before}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  coming into force of this Act shall be a company }{\fs24\lang2057\langfe5129\langnp2057\insrsid5078575\charrsid12132528 limited by }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 shares and there shall be no requirement upon su}{\fs24\lang2057\langfe5129\langnp2057\insrsid5078575\charrsid12132528 ch company to }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 state that the company is a company limited by s}{\fs24\lang2057\langfe5129\langnp2057\insrsid15934067\charrsid12132528 hares in its}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  memorandum.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid5078575\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 10.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Liability of members}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  - }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 The principal }{\fs24\lang2057\langfe5129\langnp2057\insrsid1341752 Act is further }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 amended by inserting after section 18 the follow}{\fs24\lang2057\langfe5129\langnp2057\insrsid4473387\charrsid12132528  section:}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4473387\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid4918336 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 18A. (1)}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4473387\charrsid12132528  Subject to this Act }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 an international company is -}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4918336 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid4918336 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 
(a) a legal entity, considered in law as a fictitious person, distinct from its members and with separate rights, obligations and liabilities; and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4918336 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid4918336 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12132528 (b) an entity with perpe}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 tual succession.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid4918336 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) Notwithstanding any rule of commo}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 n law or equity}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  to the contrary, but subject always to othe}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12132528 r}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12480169 provisions of }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 this Act, the separate corporate personali}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 ty of an international company may be ignored only in cases of:}
{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid4918336 {\fs24\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
actual agency or actual trust }{\fs24\lang2057\langfe5129\langnp2057\insrsid12480169 save that }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 membership of the same group o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 f companies shall}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  not raise any presumption as t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 o agency or as to}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  trust; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4918336 {\fs24\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid4918336 {\fs24\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 (b) actual fraud (as contrasted with any action }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 which the law of equity may re}{\fs24\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 gard as improper).}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid4918336 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (3) In the case of a company limited }{
\fs24\lang2057\langfe5129\langnp2057\insrsid12480169 by shares, }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 members shall be liable only to the interna}{\fs24\lang2057\langfe5129\langnp2057\insrsid13985699 tional}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid12480169 company to }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the amount (if any) unpaid on the shares }{
\fs24\lang2057\langfe5129\langnp2057\insrsid12480169 respectively held }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 by them.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid4918336 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (4) In the case of an unlimited compa}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 ny}{\fs24\lang2057\langfe5129\langnp2057\insrsid8864675 , the liability of the members shall no}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 t be limited.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid4918336 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (5) In the case of a }{\fs24\lang2057\langfe5129\langnp2057\insrsid10497846 
no liability company members }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 shall have no liability to}{\fs24\lang2057\langfe5129\langnp2057\insrsid10497846  the international company.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid4918336 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (6) Each of the rights and obligatio}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 ns}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 of }{\fs24\lang2057\langfe5129\langnp2057\insrsid9635082 members of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 an interna}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 tional company (including}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the right to }{
\fs24\lang2057\langfe5129\langnp2057\insrsid9635082 vote and the right to }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 receive dividends) are severa}{\fs24\lang2057\langfe5129\langnp2057\insrsid9635082 ble and capable of}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  being transferred, charged, or otherwise d}{\fs24\lang2057\langfe5129\langnp2057\insrsid9635082 ealt with}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 independently from the other rights of tha}{\fs24\lang2057\langfe5129\langnp2057\insrsid9635082 t member.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid4918336 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (7) In the case of a company limited }{
\fs24\lang2057\langfe5129\langnp2057\insrsid6965262 by guarantee, a }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 member is liable to the international comp}{\fs24\lang2057\langfe5129\langnp2057\insrsid6965262 any only to the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  extent to which that member has undertaken }{\fs24\lang2057\langfe5129\langnp2057\insrsid6965262 to contribute }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
from time to time and in the event of it b}{\fs24\lang2057\langfe5129\langnp2057\insrsid6965262 eing wound up:}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  provided that this liability shall cease t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6965262 hree months ( or}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  such longer period as may be specified in }{\fs24\lang2057\langfe5129\langnp2057\insrsid6965262 the articles) }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 after that person ceases to be a member of }{\fs24\lang2057\langfe5129\langnp2057\insrsid6965262  the international }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 company.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid4918336 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (8) In the case of a company limited by }{
\fs24\lang2057\langfe5129\langnp2057\insrsid6965262 both by shares and by }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 guarantee a member is liable to the }{\fs24\lang2057\langfe5129\langnp2057\insrsid6965262 international }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 company:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4918336 {\fs24\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid4918336 {\fs24\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
in the case of members who have given }{\fs24\lang2057\langfe5129\langnp2057\insrsid2579637  a guarantee, only}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 to the extent to which that member has }{
\fs24\lang2057\langfe5129\langnp2057\insrsid2579637 under taken to }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 contribute}{\fs24\lang2057\langfe5129\langnp2057\insrsid13985699 d}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  from time to time and in th}{\fs24\lang2057\langfe5129\langnp2057\insrsid13985699 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid2579637 event of it }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 being wound up:}{\fs24\lang2057\langfe5129\langnp2057\insrsid13985699 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13985699 {\fs24\lang2057\langfe5129\langnp2057\insrsid13985699 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid4918336 {\fs24\lang2057\langfe5129\langnp2057\insrsid13985699 P}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 rovided that this li}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2579637 ability shall}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  cease three months (or such longer per}{\fs24\lang2057\langfe5129\langnp2057\insrsid13985699 iod}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid2579637 as be may be }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 specifi}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2579637 ed in the articles) after that p}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid2579637 rson ceased to be}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  a member of the international compan}{\fs24\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 y; and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4918336 {\fs24\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid4918336 {\fs24\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 in the case of members who are sharehol}{\fs24\lang2057\langfe5129\langnp2057\insrsid4918336\charrsid12132528 ders, only to}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 the extent of any amount unpaid on the respectively held by them.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14314841\charrsid12132528 11. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid14314841\charrsid12132528 No liability companies}{\fs24\lang2057\langfe5129\langnp2057\insrsid14314841\charrsid12132528  -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 The }{\fs24\lang2057\langfe5129\langnp2057\insrsid14302730\charrsid12132528 principal Act is }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 further amended by inserting after section }{\fs24\lang2057\langfe5129\langnp2057\insrsid14302730\charrsid12132528 18 the following }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 section }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid14302730 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
18B. (1) The acceptance of a share i}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 n a}{\fs24\lang2057\langfe5129\langnp2057\insrsid2579637  no liability}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 company (whether by allotment or by tra}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 nsfer)}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid2579637 does not }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 constitute}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  a contract on the part of th}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid2579637 shareholder to pay any call}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 s in respect of that share }{\fs24\lang2057\langfe5129\langnp2057\insrsid2579637 or to make a new }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
contribution to the debts and liabiliti}{\fs24\lang2057\langfe5129\langnp2057\insrsid13985699 es of}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid2579637 that }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 international company; and any such }{\fs24\lang2057\langfe5129\langnp2057\insrsid2579637 shareholder is not }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
liable to be sued for any calls or cont}{\fs24\lang2057\langfe5129\langnp2057\insrsid2579637 ributions by the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  no liability company.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid14302730\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid14302730 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) Calls upon shares in a no liability company shall be }{
\fs24\lang2057\langfe5129\langnp2057\insrsid2579637 so made that they are payable no}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 t more than 90 days from the date on which the call is }{
\fs24\lang2057\langfe5129\langnp2057\insrsid14302730\charrsid12132528 m}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ade.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid14302730\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid14302730 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (3) Subject to the articles of the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid2579637 international }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 company providing for a longer period, }{\fs24\lang2057\langfe5129\langnp2057\insrsid2579637 any share in }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 a no liability company upon which a call i}{\fs24\lang2057\langfe5129\langnp2057\insrsid2579637 s unpaid at the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 expirat}{\fs24\lang2057\langfe5129\langnp2057\insrsid12336673 ion of 14 days after the day of its payment}{\fs24\lang2057\langfe5129\langnp2057\insrsid2579637  is }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
thereupon forfeited without the need for }{\fs24\lang2057\langfe5129\langnp2057\insrsid2579637 any resolution of the directors }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (or any other proceedin}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13985699 gs}{\fs24\lang2057\langfe5129\langnp2057\insrsid2579637 ) and may be}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  offered for sale or otherwise dealt with }{
\fs24\lang2057\langfe5129\langnp2057\insrsid2579637 in the manner }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 and form specified in the articles of th}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 e}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid2579637 international }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 company.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2579637\charrsid12336673 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid14302730 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14302730\charrsid201644 (4) The articles }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid201644 of a no liab}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14302730\charrsid201644 ility company may regulate all }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid201644 other matters concerning the corporate activities of the international compa}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12132528\charrsid201644 n}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid201644 y including without limitation:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14302730\charrsid12336673 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid14302730 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12336673 (i)}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12336673  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12336673 a}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14302730\charrsid12336673 
ny distributions of the assets }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12336673 of the}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14302730\charrsid12336673  }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12336673 international company on}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12336673  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12336673 wi}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14302730\charrsid12336673 n}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12336673 ding up or otherwise}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14302730\charrsid12336673  as }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12336673 between the members;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14302730\charrsid12336673 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid14302730 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12336673 (ii)}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12336673  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12336673 the priorities of payment as }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12132528\charrsid12336673 b}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12336673 etween different shareholders and between shareholders and promoters or vendors;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14302730\charrsid12336673 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid14302730 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12336673 (iii)}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12336673  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12336673 provisions as to forfeiture of shares;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14302730\charrsid12336673 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid14302730 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12336673 (iv)}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12336673  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12336673 the previsions as to dealing with shares held in trust; and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14302730 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14302730\charrsid12336673 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid14302730 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12336673 (v)}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12336673  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12336673 the rights and obligations of }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid201644 members other }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12336673 than as specified in this Act.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14302730\charrsid12336673 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid14302730 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid201644 (5) The permissible objects, powers}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12336673  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid201644 or activities }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12336673 of a no liability company
 are not rest}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid201644 ricted other than}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12336673  as may be specifically prohibited by t}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid6687021\charrsid12336673 his Act.}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12336673 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14302730 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14302730\charrsid12336673 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid14302730 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12336673 (6) Regulations may be made by t}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid6703321 he Queen}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 '}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid6703321 s}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12336673  Representative prescribing the form of }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid6703321 documents and }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12336673 filing requirements of no liability co}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid6687021\charrsid12336673 mpanies.}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}
{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid14302730\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 12.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6687021\charrsid12132528 C}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ompanies limited by guarantee and co}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528 mpanies l}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6687021\charrsid12132528 imited}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  both by shares and by guarantee}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  The principal }{
\fs24\lang2057\langfe5129\langnp2057\insrsid6687021\charrsid12132528 Act is further }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 amended by inserting after section 18 the follow}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528 ing}{\fs24\lang2057\langfe5129\langnp2057\insrsid6687021\charrsid12132528  section:}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid6687021 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
18C. (1) Notwithstanding any rule of co}{\fs24\lang2057\langfe5129\langnp2057\insrsid6703321 mmon law or equity}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  dealing with the nature of guarantees, wher}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13985699 e an}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  international company is a company limited}{\fs24\lang2057\langfe5129\langnp2057\insrsid6687021\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid6703321 by guarantee, or }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
is a company limited both by shares and by guarantee, a guarantee given by a member is deemed to be a proprietary interest which is capable of constituting a }{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 m}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 embership interest in the international company and also of being freely transferred, assigned, charged or oth}{\fs24\lang2057\langfe5129\langnp2057\insrsid6687021\charrsid12132528 
erwise disposed }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 of or dealt with to or in favour of any pers}{\fs24\lang2057\langfe5129\langnp2057\insrsid13985699 on}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid6703321 in the manner }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 prescribed in the articles of the internatio
}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 nal}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid6703321 company; }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 and such transfer, assignment, charge or oth}{\fs24\lang2057\langfe5129\langnp2057\insrsid6703321 er disposition}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 or dealing shall not affect the validity of }{\fs24\lang2057\langfe5129\langnp2057\insrsid6703321 the guarantee, }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 but shall transfer both the membership inter}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6703321 est and the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  guarantee obligation to that other person.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid6687021\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) In the case of a transfer or other }{\fs24\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528 absolute }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 disposition of such a guarantee as referred }{\fs24\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528 to in subsection}{\fs24\lang2057\langfe5129\langnp2057\insrsid9510646 
 }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (1), the tr}{\fs24\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528 ansferor shall no longer be a me}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 m}{\fs24\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528 ber of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  international company.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6687021\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12132528 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (3) The transfer of a guarantee intere}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8741224\charrsid12132528 st shall be}{\fs24\lang2057\langfe5129\langnp2057\insrsid16003011\charrsid12132528  effected by notice in writing to the international company.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6687021\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid6687021\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (4) In the case of a company limited }{\fs24\lang2057\langfe5129\langnp2057\insrsid9510646 both }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 b}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6687021\charrsid12132528 y shares and by guarantee, nothing in this Act shall require a shareholder to also be a gu}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 arantee}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6687021\charrsid12132528  member of that international company or vice versa.
\par 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (5) Subject to the articles a}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 nd any co}{\fs24\lang2057\langfe5129\langnp2057\insrsid9510646 ntract to the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12132528  contrary a guarantee m}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ember may surrender his }{\fs24\lang2057\langfe5129\langnp2057\insrsid9510646 guarantee to }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 an international company, and following any }{\fs24\lang2057\langfe5129\langnp2057\insrsid9510646 such surrender }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
made in wri}{\fs24\lang2057\langfe5129\langnp2057\insrsid9510646 ting, his liability shall cease }{\fs24\lang2057\langfe5129\langnp2057\insrsid9579433\charrsid12132528 absolutely three months after}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the date of such surrender.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9579433\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (6) Regulations may be made by th}{\fs24\lang2057\langfe5129\langnp2057\insrsid8608371\charrsid12132528 e Queen}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 '}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8608371\charrsid12132528 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Representative prescribing the form of docum}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8608371\charrsid12132528 ents and filing}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  requirements of companies limited by guarant}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8608371\charrsid12132528 ees or companies}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  limited by both shares and by guarantee.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid8608371\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 13. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid12132528 Unlimited}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  companies}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  The princi}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1857911\charrsid12132528 pal Act is further}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  amended by inserting after section 18 the fo}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1857911\charrsid12132528 llowing section:}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid1857911\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1857911 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 18D. (1)}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 An unlimited company may hav}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 e}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6121837  share capital in}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  which case it shall state in its memora}{\fs24\lang2057\langfe5129\langnp2057\insrsid6121837 ndum of association}
{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the amount of that share capital and th}{\fs24\lang2057\langfe5129\langnp2057\insrsid13985699 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid6121837  division of that}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  share capital into shares or a fixed am}{\fs24\lang2057\langfe5129\langnp2057\insrsid6121837 ount and the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 shareholders shall be liable for all }{\fs24\lang2057\langfe5129\langnp2057\insrsid6121837 debts of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 th}{\fs24\lang2057\langfe5129\langnp2057\insrsid13985699 e}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  unlimited company.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid1857911\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1857911 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) An unlimited company may be}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11495552  without share}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  capital and the subscriber to the memora}{\fs24\lang2057\langfe5129\langnp2057\insrsid13985699 ndum}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11495552 of association }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 shall be liable for all the debts of the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11495552  unlimited company.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid1857911\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1857911 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (3) Sections 46, 54 and 54A of t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1928249 his Act shall not}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  apply to an unlimited company.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1857911 {\fs24\lang2057\langfe5129\langnp2057\insrsid1857911\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1857911 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (4) The liability of any directo}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13985699 r of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  company shall not be unlimited but shall }{\fs24\lang2057\langfe5129\langnp2057\insrsid10899625 be determined in }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 accordance with the provisions of this A}{\fs24\lang2057\langfe5129\langnp2057\insrsid13985699 ct;}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1857911 {\fs24\lang2057\langfe5129\langnp2057\insrsid1857911\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid3351902 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (5) Regulations may}{\fs24\lang2057\langfe5129\langnp2057\insrsid10899625  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 be made by t}{\fs24\lang2057\langfe5129\langnp2057\insrsid16003011\charrsid12132528 he Queen}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 '}{
\fs24\lang2057\langfe5129\langnp2057\insrsid16003011\charrsid12132528 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Representative prescribing the form of d}{
\fs24\lang2057\langfe5129\langnp2057\insrsid16003011\charrsid12132528 ocuments and filing}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  requi}{\fs24\lang2057\langfe5129\langnp2057\insrsid16003011\charrsid12132528 
rements of unlimited companies.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid1857911\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid1857911\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 14. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Mutual companies}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  The principal }{\fs24\lang2057\langfe5129\langnp2057\insrsid1711073 Act is further }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 amended by inserting after section 18 the fol}{\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 lowing section:}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3351902 {\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid3351902 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 18E. (1}{
\fs24\lang2057\langfe5129\langnp2057\insrsid16003011\charrsid12132528 ) In this Act}{\fs24\lang2057\langfe5129\langnp2057\insrsid11750355 -
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11750355 {\fs24\lang2057\langfe5129\langnp2057\insrsid11750355 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid11750355 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 mutual comp}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 any}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528  means:}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid11750355 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a) any international company licensed under the Off}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Shore Insurance Act, 1981}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 82; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3351902 {\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid11750355 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b) any other international co}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1711073 mpany approved by}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the Cook Islands Monetary}{\fs24\lang2057\langfe5129\langnp2057\insrsid1711073  Board for the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  purposes of this section;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid11750355 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid16003011\charrsid12132528 Premiums}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 means the premiums payable on any insurance, re}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
insurance, guarantee, indemnity, superannuation, pension or investment policy issued or effected by a mutual company to, or on behalf of, any member of the mutual company.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid3351902 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Any person to whom a mutua}{\fs24\lang2057\langfe5129\langnp2057\insrsid16003011\charrsid12132528 l company}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid16003011\charrsid12132528 issues an }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 insurance, re}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 insurance, guarantee, }{\fs24\lang2057\langfe5129\langnp2057\insrsid1711073 indemnity, }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
superannuation, pension investment p}{\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 olicy or }{\fs24\lang2057\langfe5129\langnp2057\insrsid16003011\charrsid12132528 contract may,}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid1711073 if so provided }{\fs24\lang2057\langfe5129\langnp2057\insrsid16003011\charrsid12132528 by the articles, be}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528  a }{\fs24\lang2057\langfe5129\langnp2057\insrsid16003011\charrsid12132528 member of such }{\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 mutual company}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1711073 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid3351902 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (3) A member of a mutual comp}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 any is liable to}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the company only to the extent of an}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 y unpaid premiums }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (or any undischarged portion thereof}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 ) due to the mutual }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 company (or any contractual amount p}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 ending) on the date of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the commencement of the winding u}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 p from such member.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid3351902 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13259122 (4) The pro}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid13259122 visions of this sectio}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13259122 
n shall apply to a mutual company and to the relevant member whether or not the mutual company is a company limited by}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid13259122  }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13259122 shares or by guarantee or by both.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid13259122 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid3351902 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (5) Regulations may be made by}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2110988  the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Queen}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 '}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 s Representative prescribing the form of }{\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
ocuments and filing requirements}{\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 of mutual companies.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2110988 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 15. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Change of status}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  The principal Act }{\fs24\lang2057\langfe5129\langnp2057\insrsid732888 is further amended by }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 inserting after section 18 the followi}{\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 ng section -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid3351902 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 18F.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528  (1}{\fs24\lang2057\langfe5129\langnp2057\insrsid732888 ) Every international company incorporated (or continued)}{\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 
 under this Act may}{\fs24\lang2057\langfe5129\langnp2057\insrsid732888 , unless its}{\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528  memorandum otherwise provides}{\fs24\lang2057\langfe5129\langnp2057\insrsid732888 , change its}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528  status from any of the types }{\fs24\lang2057\langfe5129\langnp2057\insrsid732888 of companies }{\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 
specified in paragraphs (a) t}{\fs24\lang2057\langfe5129\langnp2057\insrsid732888 o (f) of section}{\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528  13(3) to any other type of co}{\fs24\lang2057\langfe5129\langnp2057\insrsid732888 
mpany}{\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid732888 specified }{\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 therein in accordance with th}{
\fs24\lang2057\langfe5129\langnp2057\insrsid732888 is section, and}{\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528  such change may be effected n}{\fs24\lang2057\langfe5129\langnp2057\insrsid732888 ot withstanding}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528  that at some earlier time the }{\fs24\lang2057\langfe5129\langnp2057\insrsid732888 company has }{\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 
been any other (or the same) }{\fs24\lang2057\langfe5129\langnp2057\insrsid732888 type of company }{\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528 as contemplated by the provis}{\fs24\lang2057\langfe5129\langnp2057\insrsid732888 
ions of that}{\fs24\lang2057\langfe5129\langnp2057\insrsid3351902\charrsid12132528  subsection}{\fs24\lang2057\langfe5129\langnp2057\insrsid16003011\charrsid12132528 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid3044654 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 An international company may chang}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 its status only if all of the following requirements are complied with:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid3044654 {\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528 (a) the proposed change is specifi}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13985699 cally}{\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528  authorised by a special resolu}{\fs24\lang2057\langfe5129\langnp2057\insrsid13985699 tion of the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528  members of the international c}{\fs24\lang2057\langfe5129\langnp2057\insrsid13985699 ompany}{\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid13112397 and is }{\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528 given effect to, as contemplat}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 ed by}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528  subsection (3) within six mont}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 hs}{\fs24\lang2057\langfe5129\langnp2057\insrsid13112397  from the date }{
\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 of such resolution;}{\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528  and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid3044654 {\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528 
(b) the directors make a statutory declaration which is lodged with the Registrar that:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3044654 {\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid3044654 {\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528 (i) the change of status}{\fs24\lang2057\langfe5129\langnp2057\insrsid13112397 
 will, in their }{\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528 honest belief, not resu}{\fs24\lang2057\langfe5129\langnp2057\insrsid13112397 lt in the}{\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528 
 international company t}{\fs24\lang2057\langfe5129\langnp2057\insrsid13112397 hereby being}{\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528  incapable of meeting it}{\fs24\lang2057\langfe5129\langnp2057\insrsid13112397 s}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid13112397 obligations }{\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528 to its creditors as the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13112397 y fall due}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528  and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3044654 {\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid14160637 {\fs24\lang2057\langfe5129\langnp2057\insrsid13112397 (ii) the international company has complied}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528  with all the provisions }{\fs24\lang2057\langfe5129\langnp2057\insrsid13112397 of this Act }{\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528 (including the payment}
{\fs24\lang2057\langfe5129\langnp2057\insrsid14160637\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid13112397 of fees due }{\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528 to the Registrar); and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14160637 {\fs24\lang2057\langfe5129\langnp2057\insrsid14160637\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid14160637 {\fs24\lang2057\langfe5129\langnp2057\insrsid14160637\charrsid12132528 (iii) }{\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528 
the memorandum and arti}{\fs24\lang2057\langfe5129\langnp2057\insrsid14160637\charrsid12132528 cles will be}{\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528  duly amended within at }{
\fs24\lang2057\langfe5129\langnp2057\insrsid14160637\charrsid12132528 least three }{\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528 days to reflect the cha}{\fs24\lang2057\langfe5129\langnp2057\insrsid14160637\charrsid12132528 
nge of status.}{\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1466049 {\fs24\lang2057\langfe5129\langnp2057\insrsid3044654\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1466049 {\fs24\lang2057\langfe5129\langnp2057\insrsid1466049\charrsid12132528 (3) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
The change of status of an international company shall take effect upon the day upo}{\fs24\lang2057\langfe5129\langnp2057\insrsid1466049\charrsid12132528 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  which it fil}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1466049\charrsid12132528 es a copy of the amended memoran}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 dum and articles with the Registrar.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid1466049\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2389316 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (4) Where:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid1466049\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2389316 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a) any member of an interna}{
\fs24\lang2057\langfe5129\langnp2057\insrsid16003011\charrsid12132528 tional company did}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  not vote in favour of th}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 e member}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid13112397 s}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528  special}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  resolution to change the}{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528  status}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  international company;}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528  and}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid1466049\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2389316 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b) the change of status may }{
\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 have the effe}{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 c}{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 t of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 increasing the liability}{\fs24\lang2057\langfe5129\langnp2057\insrsid1466049\charrsid12132528  of that member;-}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 

\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid1466049\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2389316 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 then except in so far as that }{
\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 change was made in }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 accordance with the rights of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 that member as were }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 specified in the articles of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 the international }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 company at the time that pers}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 on became a member,}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  that member may either:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid1466049\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid539004 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (i)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 at any time within}{\fs24\lang2057\langfe5129\langnp2057\insrsid1466049\charrsid12132528  60 days of the passing of the resolution, forfeit his }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 membership interes}{\fs24\lang2057\langfe5129\langnp2057\insrsid1466049\charrsid12132528 t to the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 international comp}{\fs24\lang2057\langfe5129\langnp2057\insrsid1466049\charrsid12132528 any whereupon his}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  liability shall be}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1466049\charrsid12132528  immediately and}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  absolutely termina}{\fs24\lang2057\langfe5129\langnp2057\insrsid1466049\charrsid12132528 ted; or}
{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid1466049\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid539004 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (ii)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 lodge an applicati}{\fs24\lang2057\langfe5129\langnp2057\insrsid1466049\charrsid12132528 on with the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 Registrar to have}{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the}{\fs24\lang2057\langfe5129\langnp2057\insrsid1466049\charrsid12132528 
 change of status of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 internation}{\fs24\lang2057\langfe5129\langnp2057\insrsid1466049\charrsid12132528 al company cancelled, and if any such application is}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  made the change }{\fs24\lang2057\langfe5129\langnp2057\insrsid1466049\charrsid12132528 of status shall not have effect until confirmed by the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Registrar and the p}{\fs24\lang2057\langfe5129\langnp2057\insrsid1466049\charrsid12132528 rovisions of}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid1466049\charrsid12132528 subsections (2), (3), (4) and (5) of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 section 55 of this }{
\fs24\lang2057\langfe5129\langnp2057\insrsid1466049\charrsid12132528 Act shall apply }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 mutatis mutandis wh}{\fs24\lang2057\langfe5129\langnp2057\insrsid1466049\charrsid12132528 ere any 
}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 application is made}{\fs24\lang2057\langfe5129\langnp2057\insrsid1466049\charrsid12132528 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14510042\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid539004 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2389316\charrsid12132528 (5) }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
A member who has forfeited his }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2389316\charrsid12132528 membership }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 interest pursuant to subsectio}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2389316\charrsid12132528 n (4)(i) shall}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  receive from the international }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 company such }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 amount as may be specified in}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2389316\charrsid12132528  the articles or as may be agreed or, failing that such amount as may be determined by the Registrar (or a chartered accountant approved by the Registrar, whose costs }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 are to be paid by the international company) as}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2389316\charrsid12132528  representing that members propo}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 rtional interest in the realisable net tangible assets of the }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2389316\charrsid12132528 international company save howev}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 er that any such amount shall be paid only to th}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14428260 e}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  extent to which the internatio}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2389316\charrsid12132528 nal company would not otherwise}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  be rendered insolvent.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2389316\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid539004 {\fs24\lang2057\langfe5129\langnp2057\insrsid539004\charrsid12132528 (6) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
A certificate of change of stat}{\fs24\lang2057\langfe5129\langnp2057\insrsid539004\charrsid12132528 us, in the form of}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  a certificate of incorporation }{
\fs24\lang2057\langfe5129\langnp2057\insrsid539004\charrsid12132528 issued by the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Registrar shall be conclusive e}{\fs24\lang2057\langfe5129\langnp2057\insrsid539004\charrsid12132528 
vidence}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid539004\charrsid12132528 that all }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
the requirements of this Act wi}{\fs24\lang2057\langfe5129\langnp2057\insrsid539004\charrsid12132528 th respect to the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 change of status have been comp}{
\fs24\lang2057\langfe5129\langnp2057\insrsid539004\charrsid12132528 lied with}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid539004\charrsid12132528 and that }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the international company is he}{\fs24\lang2057\langfe5129\langnp2057\insrsid539004\charrsid12132528 nceforth of the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  type stated in that certificate}{\fs24\lang2057\langfe5129\langnp2057\insrsid539004\charrsid12132528 , being a company}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  validly incorporated pursuant t}{\fs24\lang2057\langfe5129\langnp2057\insrsid539004\charrsid12132528 o this Act.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 

\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid539004\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid4679601 {\fs24\lang2057\langfe5129\langnp2057\insrsid14227409\charrsid12132528 (7) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
Any change in status of an inte}{\fs24\lang2057\langfe5129\langnp2057\insrsid14227409\charrsid12132528 rnational company}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  pursuant to this section shall}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14227409\charrsid12132528  not operate to:}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid14227409\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid4679601 {\fs24\lang2057\langfe5129\langnp2057\insrsid4679601\charrsid12132528 (a) create a new legal entity;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid4679601\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid4679601 {\fs24\lang2057\langfe5129\langnp2057\insrsid4679601\charrsid12132528 (b) prejudice or affect the identity of the body corporate, or its continuity;

\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid4679601\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid4679601 {\fs24\lang2057\langfe5129\langnp2057\insrsid4679601\charrsid12132528 (c) affect the property or rights or obligation of the international company; or

\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid4679601\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid4679601 {\fs24\lang2057\langfe5129\langnp2057\insrsid4679601\charrsid12132528 (d) render defective any legal proceedings whatsoever.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4679601\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid4679601\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4679601 {\fs24\lang2057\langfe5129\langnp2057\insrsid4679601\charrsid12132528 16. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4679601\charrsid12132528 A}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid14428260 lter}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4679601\charrsid12132528 ation of memorandum}{\fs24\lang2057\langfe5129\langnp2057\insrsid4679601\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4679601\charrsid12132528  Section 19 of the principal Act is repeal and the following section substituted }{
\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4679601\charrsid12132528 
\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1210021 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4679601\charrsid12132528 
19. (1) subject to any limitation in its memorandum an international company may alter}{\fs24\lang2057\langfe5129\langnp2057\insrsid14428260  }{\fs24\lang2057\langfe5129\langnp2057\insrsid1210021\charrsid12132528 
any of the objects or powers set out in the memorandum by a special resolution of the members or, where permitted by its memorandum, by a resolution of the directors.}{\fs24\lang2057\langfe5129\langnp2057\insrsid4679601\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid4679601\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1210021 {\fs24\lang2057\langfe5129\langnp2057\insrsid1210021\charrsid12132528 
(2) An international company that alters its memorandum must, within 21 days of the resolution having been passed, submit a copy of the alteration and the resolution author
ising such alteration to the Registrar and the Registrar must retain and register the copy of the alteration and the resolution.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid1210021\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1844066 {\fs24\lang2057\langfe5129\langnp2057\insrsid1844066\charrsid12132528 
(3) Notwithstanding any failure to submit such a resolution to the Registrar the resolution shall be effective from the date of its passing.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid1210021\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid12659505 {\fs24\lang2057\langfe5129\langnp2057\insrsid1844066\charrsid12132528 (4) Every officer of the internati}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12659505\charrsid12132528 onal company who}{\fs24\lang2057\langfe5129\langnp2057\insrsid1844066\charrsid12132528  knowingly permits a contravention of t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12659505\charrsid12132528 he provisions of}{\fs24\lang2057\langfe5129\langnp2057\insrsid1844066\charrsid12132528  this section is guilty of an offence u}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12659505\charrsid12132528 nder this Act.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid12659505\charrsid12132528 .}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1844066\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid1844066\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 17. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Pre}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 incorporation contracts}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Sectio}{\fs24\lang2057\langfe5129\langnp2057\insrsid8063753 n 20A of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 principal Act is amended by repealing subsectio}{\fs24\lang2057\langfe5129\langnp2057\insrsid12659505\charrsid12132528 n (8) and}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  substituting the following subsection }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12659505\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid12659505 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid12659505\charrsid12132528 
(8) Where a company, after its incorporation and with the consent of all other parties to the contract, ratifies a contract to which this section applies th
e liability of the person who purports to make the contract in the name of, or on behalf of, the company in respect of the contract (including any liability under an order made by the Court thereunder for the payment of damages) shal}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 l be discharged.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid12659505\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid12659505\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 18. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Names of companies}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  (1) Section 22 }{\fs24\lang2057\langfe5129\langnp2057\insrsid11944728\charrsid12132528 o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 f the principal Act is}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11944728\charrsid12132528 
amended by repealing subsection}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  (2) and substituting the following subsections }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid11478541 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 (2) subject to su}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8063753 b}{\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 section(2A), an international company shall have as part of and at the end of its name either:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid11478541 {\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 
the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 Co}{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 rporation}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528  or the abbreviation }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 Corp}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 ; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11478541 {\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid11478541 {\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 (b) the w}{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 
ord }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 Incorporated}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528  or the abbreviation }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 Inc}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 ; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11478541 {\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid11478541 {\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 (c) }{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 
the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 Limited}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528  or the ab}{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 breviation }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 Ltd}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 ; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid14643213 {\fs24\lang2057\langfe5129\langnp2057\insrsid14643213\charrsid12132528 (d) }{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 
the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 Berhad}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528  or }{\fs24\lang2057\langfe5129\langnp2057\insrsid14643213\charrsid12132528 the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid14643213\charrsid12132528 abbreviation }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid14643213\charrsid12132528 Bhd}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid14643213\charrsid12132528 ; }{\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11478541 {\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid14643213 {\fs24\lang2057\langfe5129\langnp2057\insrsid14643213\charrsid12132528 (e) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 the}
{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528  words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 Public Limite}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14643213\charrsid12132528 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid14643213\charrsid12132528 Company}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid14643213\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid13112397 or the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 abbreviation }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 P.L.C.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 ; o}{\fs24\lang2057\langfe5129\langnp2057\insrsid14643213\charrsid12132528 r}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11478541 {\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid6961306 {\fs24\lang2057\langfe5129\langnp2057\insrsid14643213\charrsid12132528 (f) }{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 
the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 Societe Anony}{\fs24\lang2057\langfe5129\langnp2057\insrsid14643213\charrsid12132528 me}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid14643213\charrsid12132528 or }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 
"}{\fs24\lang2057\langfe5129\langnp2057\insrsid14643213\charrsid12132528 Sociedad the }{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 Anonima}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 , or the abbrevi}{\fs24\lang2057\langfe5129\langnp2057\insrsid14643213\charrsid12132528 ation }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14643213\charrsid12132528 S.A.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid14643213\charrsid12132528 ; or}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11478541 {\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid6961306 {\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 (g) the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14643213\charrsid12132528 Naamloze Venn}{\fs24\lang2057\langfe5129\langnp2057\insrsid15086084 oot}{\fs24\lang2057\langfe5129\langnp2057\insrsid6961306\charrsid12132528 schap}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6961306\charrsid12132528  or the }{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 abbreviation }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 N.V.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 
; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11478541 {\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid6961306 {\fs24\lang2057\langfe5129\langnp2057\insrsid14643213\charrsid12132528 (h) }{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 
the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 Besloten Venn}{\fs24\lang2057\langfe5129\langnp2057\insrsid15086084 oot}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6961306\charrsid12132528 schap}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid6961306\charrsid12132528 or the }{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 abbreviation }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 B.V.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 ; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11478541 {\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid6961306 {\fs24\lang2057\langfe5129\langnp2057\insrsid14643213\charrsid12132528 (i) }{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 
the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 Aktiengesellsc}{\fs24\lang2057\langfe5129\langnp2057\insrsid6961306\charrsid12132528 haft}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid8412119\charrsid12132528 or the abbreviation }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6961306\charrsid12132528 A.G.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 
.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11478541\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid12729314 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2A) Notwithstanding the provision }{
\fs24\lang2057\langfe5129\langnp2057\insrsid13310001\charrsid12132528 of subsection (2), }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 an international company may, in li}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13310001\charrsid12132528 eu of any}{\fs24\lang2057\langfe5129\langnp2057\insrsid8063753  }{\fs24\lang2057\langfe5129\langnp2057\insrsid13310001\charrsid12132528 of the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  words or abbreviations in subsectio}{\fs24\lang2057\langfe5129\langnp2057\insrsid13310001\charrsid12132528 n (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid12729314\charrsid12132528 
,}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid12729314\charrsid12132528 have as part }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 of its 
name any other words or popu}{\fs24\lang2057\langfe5129\langnp2057\insrsid12729314\charrsid12132528 lar abbreviations of}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  those words in any language being a}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12729314\charrsid12132528 ny words or}{\fs24\lang2057\langfe5129\langnp2057\insrsid8063753  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 abbreviations which a trustee compa}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12729314\charrsid12132528 ny}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid12729314\charrsid12132528 can satisfy the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Registrar connotes the existence of }{\fs24\lang2057\langfe5129\langnp2057\insrsid12729314\charrsid12132528 a body corporate as }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 distinct from any other person or e}{\fs24\lang2057\langfe5129\langnp2057\insrsid12729314\charrsid12132528 ntity and such words}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  or abbreviations may appear at the}{\fs24\lang2057\langfe5129\langnp2057\insrsid8063753  }{\fs24\lang2057\langfe5129\langnp2057\insrsid12729314\charrsid12132528 beginning, the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15086084  end}{\fs24\lang2057\langfe5129\langnp2057\insrsid12729314\charrsid12132528  or elsewhere in the name }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 of the int}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12729314\charrsid12132528 ernational company}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  in accordance with common practice.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid13310001\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid16008870 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid15086084 (2B) Any person or entity which ca}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12729314\charrsid15086084 rries on business}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid15086084  under any name or title being any w}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12729314\charrsid15086084 ord or abbreviation}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid15086084  referred to in subsections (2) or }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16008870\charrsid15086084 (2A) unless it is an }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid15086084 international company incorporated }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16008870\charrsid15086084 or foreign company }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid15086084 registered under this Act (or a dom}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16008870\charrsid15086084 estic}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid8063753\charrsid15086084  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16008870\charrsid15086084 company or an}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid15086084  overseas company registered under t}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16008870\charrsid15086084 he}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid15086084  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid13985699\charrsid15086084 Companies Act }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid15086084 1970}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid15086084 -}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid15086084 71) shall be guilty of an offe}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16008870\charrsid15086084 nce against this}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid15086084  Act.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12729314\charrsid15086084 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid4399285 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2C) Any international company may }{
\fs24\lang2057\langfe5129\langnp2057\insrsid4399285\charrsid12132528 apply in writing to }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the Minister for an exemption from }{
\fs24\lang2057\langfe5129\langnp2057\insrsid4399285\charrsid12132528 the provisions of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 this section pursuant to section 22}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4399285\charrsid12132528 4}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid4399285\charrsid12132528 stating the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 reasons why the applicant believes }{\fs24\lang2057\langfe5129\langnp2057\insrsid4399285\charrsid12132528 this section ought }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 not to apply.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid12729314\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4399285\charrsid12132528 19. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Alteration of articles}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Section}{\fs24\lang2057\langfe5129\langnp2057\insrsid4399285\charrsid12132528 
 26 of the principal Act is repealed and the following }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 section su}{\fs24\lang2057\langfe5129\langnp2057\insrsid4399285\charrsid12132528 bstituted }{
\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4399285\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid4399285 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
26. (1) Subject to any limitation}{\fs24\lang2057\langfe5129\langnp2057\insrsid4399285\charrsid12132528  in its articles an }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 international company may alter its }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5969203\charrsid12132528 articles by a special resolution }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 of the members o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5969203\charrsid12132528 r,}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid5969203\charrsid12132528 where permitted }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 by its articles, by a resolution of}{\fs24\lang2057\langfe5129\langnp2057\insrsid5969203\charrsid12132528  the directors.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid4399285\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid5969203 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) An international company }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5969203\charrsid12132528 that alters its }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 articles must, within 21 days of th}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5969203\charrsid12132528 e resolution having}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  been passed, submit a copy of the a}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5969203\charrsid12132528 lteration and the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 resolution authorising such alterat}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5969203\charrsid12132528 ion to the Registrar}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  and the Registrar must retain and r}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5969203\charrsid12132528 egister the copy of}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the alteration and the resolution.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid5969203\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid14704381 {\fs24\lang2057\langfe5129\langnp2057\insrsid5969203\charrsid12132528 (3) Notwithstanding any failure to}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14704381\charrsid12132528  lodge such}{\fs24\lang2057\langfe5129\langnp2057\insrsid5969203\charrsid12132528  resolution with the Registrar the resol}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14704381\charrsid12132528 ution}{\fs24\lang2057\langfe5129\langnp2057\insrsid5969203\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid14704381\charrsid12132528 shall be }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5969203\charrsid12132528 effective from its date of passing.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5969203 {\fs24\lang2057\langfe5129\langnp2057\insrsid5969203\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid13332371 {\fs24\lang2057\langfe5129\langnp2057\insrsid5969203\charrsid12132528 (4) Every officer of the internat}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13332371\charrsid12132528 ional company}{\fs24\lang2057\langfe5129\langnp2057\insrsid5969203\charrsid12132528  who know}{\fs24\lang2057\langfe5129\langnp2057\insrsid13332371\charrsid12132528 
ingly permits a contravention of the provisions }{\fs24\lang2057\langfe5129\langnp2057\insrsid5969203\charrsid12132528 of this section is guilty of an offence }{\fs24\lang2057\langfe5129\langnp2057\insrsid13332371\charrsid12132528 under this }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5969203\charrsid12132528 Act.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid13332371\charrsid12132528 .}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5969203\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid5969203\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 20. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Transactions and branches}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Section 2}{\fs24\lang2057\langfe5129\langnp2057\insrsid13332371\charrsid12132528 9 of the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  principal Act is amended by omitting paragraph (}{\fs24\lang2057\langfe5129\langnp2057\insrsid13332371\charrsid12132528 a}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3556237\charrsid12132528 ) of}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  subs}{\fs24\lang2057\langfe5129\langnp2057\insrsid13332371\charrsid12132528 ection (1) and su}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8063753 b}{\fs24\lang2057\langfe5129\langnp2057\insrsid13332371\charrsid12132528 stituting }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the following paragraph }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid13332371\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid6164898 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid1989904\charrsid12132528 
(a) a contract which if made by private persons would by law be required to be in writin}{\fs24\lang2057\langfe5129\langnp2057\insrsid6164898\charrsid12132528 g}{\fs24\lang2057\langfe5129\langnp2057\insrsid1989904\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid6164898\charrsid12132528 under seal, }{\fs24\lang2057\langfe5129\langnp2057\insrsid1989904\charrsid12132528 may be made on behalf of the comp}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6164898\charrsid12132528 any}{\fs24\lang2057\langfe5129\langnp2057\insrsid1989904\charrsid12132528  either -
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1989904 {\fs24\lang2057\langfe5129\langnp2057\insrsid1989904\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid342313 {\fs24\lang2057\langfe5129\langnp2057\insrsid6164898\charrsid12132528 (i) }{\fs24\lang2057\langfe5129\langnp2057\insrsid1989904\charrsid12132528 
in writing under the common }{\fs24\lang2057\langfe5129\langnp2057\insrsid6164898\charrsid12132528 seal of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid1989904\charrsid12132528 company and signed by a dir}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6164898\charrsid12132528 ector or by some}{\fs24\lang2057\langfe5129\langnp2057\insrsid1989904\charrsid12132528  other person appointed by t}{\fs24\lang2057\langfe5129\langnp2057\insrsid6164898\charrsid12132528 
he directors for the}{\fs24\lang2057\langfe5129\langnp2057\insrsid1989904\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid8063753 purpose:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8063753 {\fs24\lang2057\langfe5129\langnp2057\insrsid8063753 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid342313 {\fs24\lang2057\langfe5129\langnp2057\insrsid1989904\charrsid12132528 
Provided that such signature need not be made contemporaneously with the affixing of the common seal of the company}{\fs24\lang2057\langfe5129\langnp2057\insrsid6164898\charrsid12132528 ;}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1989904\charrsid12132528  or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1989904 {\fs24\lang2057\langfe5129\langnp2057\insrsid6164898\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid342313 {\fs24\lang2057\langfe5129\langnp2057\insrsid6164898\charrsid12132528 (ii) }{\fs24\lang2057\langfe5129\langnp2057\insrsid1989904\charrsid12132528 
in the case of an internatio}{\fs24\lang2057\langfe5129\langnp2057\insrsid6164898\charrsid12132528 nal company}{\fs24\lang2057\langfe5129\langnp2057\insrsid1989904\charrsid12132528  having only one director, si}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6164898\charrsid12132528 gned by that}{\fs24\lang2057\langfe5129\langnp2057\insrsid1989904\charrsid12132528  director; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1989904 {\fs24\lang2057\langfe5129\langnp2057\insrsid6164898\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid342313 {\fs24\lang2057\langfe5129\langnp2057\insrsid6164898\charrsid12132528 (iii) }{\fs24\lang2057\langfe5129\langnp2057\insrsid1989904\charrsid12132528 
in the case of an internatio}{\fs24\lang2057\langfe5129\langnp2057\insrsid342313\charrsid12132528 nal company}{\fs24\lang2057\langfe5129\langnp2057\insrsid1989904\charrsid12132528  having two or more directors}{
\fs24\lang2057\langfe5129\langnp2057\insrsid342313\charrsid12132528 , signed by any}{\fs24\lang2057\langfe5129\langnp2057\insrsid1989904\charrsid12132528  two directors;}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid342313\charrsid12132528 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid1989904\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1989904 {\fs24\lang2057\langfe5129\langnp2057\insrsid342313\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 21. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
Persons having dealings with internation}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid8063753 al}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid342313\charrsid12132528 
companies}{\fs24\lang2057\langfe5129\langnp2057\insrsid342313\charrsid12132528  - }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 The principal Act is amended by inserting after }{
\fs24\lang2057\langfe5129\langnp2057\insrsid342313\charrsid12132528 section 29 the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 following section }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid342313 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
29A. (1) A person having dealings with }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid8854145\charrsid12132528 an }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 international company is, subject to sub}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid8854145\charrsid12132528 section (3),}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  entitled to make, in relation to those d}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid8854145\charrsid12132528 ealings, the}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  assumptions referred to in subsection (2}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid8854145\charrsid12132528 ) and, in any}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  proceedings in relation to those dealing}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid8854145\charrsid12132528 s, any}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  assertion}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid8854145\charrsid12132528 
 by the international company }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 that the}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid8854145\charrsid12132528  matters that the}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  person is so entitled to assume }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid8854145\charrsid12132528 were not }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 correct shall be disregarded.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid342313\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid16217151 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) The assumptions that a person i}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11887003\charrsid12132528 s,}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11887003\charrsid12132528 by virtue of }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 subsection (1), entitled to make in rela}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11887003\charrsid12132528 tion to }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 dealings, transactions or acts with an }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11887003\charrsid12132528 international }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 company}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16217151\charrsid12132528  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 are}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16217151\charrsid12132528  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12132528 -}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16217151 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16217151\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid16217151 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a) that, at all relevant times, and }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16217151\charrsid12132528 memorandum and }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 articles of the internat}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16217151\charrsid12132528 ional company have been complied with;}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16217151\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid16217151 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16217151\charrsid12132528 (b) }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 that a person who appears, f}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16217151\charrsid12132528 rom the}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  register of directors of the }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16217151\charrsid12132528 international }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 company, to be a director of }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16217151\charrsid12132528 that company }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 has been duly appointed and h}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16217151\charrsid12132528 as authority}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  to bind the company, and auth}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16217151\charrsid12132528 orise others to do so}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 , free of any limitat}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16217151\charrsid12132528 ion under the}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  articles of the company;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid16217151\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid16217151 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(c) that a person who is held out by an international company to be an officer or an agent of the internation}{\fs24\lang2057\langfe5129\langnp2057\insrsid16217151\charrsid12132528 al}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 company has been duly appointed and has authority}{\fs24\lang2057\langfe5129\langnp2057\insrsid16217151\charrsid12132528  to exercise the powers and perf}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
orm the duties customarily exercisable or }{\fs24\lang2057\langfe5129\langnp2057\insrsid16217151\charrsid12132528 performed by an}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  officer or agent of the kin}{
\fs24\lang2057\langfe5129\langnp2057\insrsid16217151\charrsid12132528 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  concerned;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid16217151\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid11217698 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(d) that a document has been duly authorised and executed by an international company in accordance with section 29, whether or not the common seal of the company has been affixed and without the need to enquire as to whether or not a valid me}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11217698\charrsid12132528 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ting o}{\fs24\lang2057\langfe5129\langnp2057\insrsid11217698\charrsid12132528 f the relevant officers was, in}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8063753  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 fa}{\fs24\lang2057\langfe5129\langnp2057\insrsid11217698\charrsid12132528 c}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 t, properly held; and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid16217151\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid11217698 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (e) that the officers of the international company properly perform thei
r duties to the international company.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid16217151\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid11217698 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid16217151\charrsid12132528 3)}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Notwithstanding subsection (1),}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11217698\charrsid12132528 a pe}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 rson is not entitled to make an assumption referred }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11217698\charrsid12132528 to i}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 n subsection (2) in relation to dealings w}{\fs24\lang2057\langfe5129\langnp2057\insrsid8063753 i}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 th the company if he had actual knowledge, or suspected}{\fs24\lang2057\langfe5129\langnp2057\insrsid11217698\charrsid12132528 ,}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  that the matter that, but for this subsection, he would be entitled to assume is not correct; but a person shall be presumed to act in good faith unless }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11217698\charrsid12132528 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 he contrary is proven.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid8921184\charrsid12132528 
\par }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11217698\charrsid12132528 22. }{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Prohibition against carrying on business with no members}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Section 30 of the principa
l Act is repealed and the following section substituted }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2444988 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
30. (1) Where an international company carries on business with no members then the last member shall be directly liable both jointly and severally to creditors for all of the debts contracted, and lia}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid13985699 bility}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  incurred, by the international company a capable of being sued by a creditor as a }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid598104 principal }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 obligor.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2444988 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2444988\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2444988 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) Nothing in subsection }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2823548 (1) shall international company:}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2444988 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2444988\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2444988 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2444988\charrsid12132528 (a) }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 which upon incorporation sp}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2444988\charrsid12132528 ecifies in its}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  memorandum that it may carr}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2444988\charrsid12132528 y}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  
}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2444988\charrsid12132528 on business }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 notwithstanding that it has }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2444988\charrsid12132528 n}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 o}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2444988\charrsid12132528  members; or}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2444988 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2444988\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2444988 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2444988\charrsid12132528 (b)}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2823548  }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 which has altered its memo}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2823548 randum so that}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 it may carry on business no}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2823548 twithstanding}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  that it has no members but}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2823548  only if the}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  international company was s}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2823548 olvent at the}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  time such alteration was ma}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2444988\charrsid12132528 de; or}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2444988 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2444988\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2444988 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2444988\charrsid12132528 (c) }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 which has on issue any debe}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2444988\charrsid12132528 ntures of the}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  kind specified in section 5}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2444988\charrsid12132528 7(3) of this}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Act (a}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2444988\charrsid12132528 n}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 d which are not rede}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2444988\charrsid12132528 emed)}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 ; or}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16017621 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid16017621 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 (d) }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 which is controlled by a li}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 quidator receive}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 r, or is subject to }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 any direction }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 of the Court.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16017621 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid16017621 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 (3) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
Nothing in subsection (1) shall affect the liability of an international company in }{\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
elation to any of its debts nor the international company}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 s }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 se}{\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 parate corporate personality.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16017621 {\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 23. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
Calls and shares}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 Section 33 of the pri}{\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 ncipal Act is}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  amended by adding the following subsection:
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid16017621 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (3)}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 The articles of an internation}{\fs24\lang2057\langfe5129\langnp2057\insrsid8063753 al}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  company may provide for or may allow for the director to provide for the making of calls on shares}{\fs24\lang2057\langfe5129\langnp2057\insrsid10093270\charrsid12132528 
 on the happening of any event.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16017621 {\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 24. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid10093270\charrsid12132528 B}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 earer shares and bearer share warrants}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid10093270\charrsid12132528 (1)}{\fs24\lang2057\langfe5129\langnp2057\insrsid8063753  S}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10093270\charrsid12132528 ection}{\fs24\lang2057\langfe5129\langnp2057\insrsid8063753 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid10093270\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 35 to 39, inclusive, of the principal Act are repea}{\fs24\lang2057\langfe5129\langnp2057\insrsid10093270\charrsid12132528 led}{\fs24\lang2057\langfe5129\langnp2057\insrsid8063753  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid10093270\charrsid12132528 and the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  following sections substituted }{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid16017621 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 35. }{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Issue and effect of bearer shares}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  - }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(1) An international company may, unless its articles otherwise provide, issue bearer shares (upon incorporation or otherwise), but such}{\fs24\lang2057\langfe5129\langnp2057\insrsid13985699  shares must be fully paid up. W}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 here an international company issues any bearer share in accordance with this subsection
, the company shall also issue a share certificate in respect of the bearer share so issued and such share certificate sh}{\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 all}{\fs24\lang2057\langfe5129\langnp2057\insrsid8063753 
 be endorsed with the wor}{\fs24\lang2057\langfe5129\langnp2057\insrsid10093270\charrsid12132528 d }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 B}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10093270\charrsid12132528 earer}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16017621 {\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid16017621 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) An international company may, un}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8063753 less}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid3620794 its }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 articles otherwise provide, upon the reque}{\fs24\lang2057\langfe5129\langnp2057\insrsid8063753 st of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
holder of any fully paid up registered }{\fs24\lang2057\langfe5129\langnp2057\insrsid3620794 share red}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 enominate that registered share as a be}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8063753 arer}{\fs24\lang2057\langfe5129\langnp2057\insrsid3620794  share. U}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 pon the surrender of the certificate of t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8063753 he}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid5909444 registered }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 share, the international company shall iss}{\fs24\lang2057\langfe5129\langnp2057\insrsid8063753 ue}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid8063753 a }{\fs24\lang2057\langfe5129\langnp2057\insrsid5909444 new }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 certificate to}{\fs24\lang2057\langfe5129\langnp2057\insrsid5909444 
 be issued bearing the same number (if any)}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  as the certificate so}{\fs24\lang2057\langfe5129\langnp2057\insrsid10093270\charrsid12132528  surrendered and }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5909444 endorsed }{\fs24\lang2057\langfe5129\langnp2057\insrsid10093270\charrsid12132528 with the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10093270\charrsid12132528 Bearer}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16017621 {\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid16017621 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (3) A}{\fs24\lang2057\langfe5129\langnp2057\insrsid5909444 
n international company may, unless its }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 articles otherwise provide, upon the reque}{\fs24\lang2057\langfe5129\langnp2057\insrsid8063753 st}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid5909444 of a }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 holder of any bea}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5909444 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 er share redenominate th}{\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 at bearer }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 share as a registered share. Upon the sur}{\fs24\lang2057\langfe5129\langnp2057\insrsid5909444 render of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 certificate of the bearer share, the inter}{\fs24\lang2057\langfe5129\langnp2057\insrsid5909444 national}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  company shall issue a new registered share }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5909444 certificate }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 bearing the same number (if any) as the ce}{\fs24\lang2057\langfe5129\langnp2057\insrsid5909444 
rtificate so surrendered}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16017621 {\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid16017621 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (4) An internationa
l company may issue bearer shares in accordance with subsection (1) }{\fs24\lang2057\langfe5129\langnp2057\insrsid459564 or }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 redenominate registered shares as bearer }{
\fs24\lang2057\langfe5129\langnp2057\insrsid459564 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 hares or vice}{\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 versa in accordance with subsections (2) }{\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 r (3), notwithstanding that the company may have no registered shares or bearer shares on issue.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16017621 {\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid16017621 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (5) An international company may iss}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8063753 ue}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  shares in accordance with subsection (1) o}{\fs24\lang2057\langfe5129\langnp2057\insrsid8063753 r}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  redenominate registered shares or vice ver}{\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 sa }{\fs24\lang2057\langfe5129\langnp2057\insrsid459564 in }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 accordance with subsections (2) and (3) in }{\fs24\lang2057\langfe5129\langnp2057\insrsid459564 respect of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
any or all of a particular class of shares }{\fs24\lang2057\langfe5129\langnp2057\insrsid459564 issued or to }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 be issued by the international company.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid16017621 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (6) Any bearer share issued by an i}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1205809 nternational}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  company may carry coupons or other certif}{\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 i}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10093270\charrsid12132528 cat}{\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 es }{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16017621 {\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a) for the payment of dividend}{
\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 s; and}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16017621 {\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b) in respect of any other rig}{
\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 hts determined in accordance with the articles, and,}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  where the articles so permi}{
\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 t, such}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  coupons or certificates may }{\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 
be divisible }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 from any other rights atta}{\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 ching}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid1205809 to that }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 share.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16017621 {\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid16017621 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (7) The redenomination of any regis}{
\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 tered share as}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  a bearer share or vice versa in accordanc}{
\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid3097690\charrsid12132528 with }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 subsections (2) or (3) shall not constitu}{\fs24\lang2057\langfe5129\langnp2057\insrsid10093270\charrsid12132528 te a}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  cancellation of the existing share and th}{\fs24\lang2057\langfe5129\langnp2057\insrsid10093270\charrsid12132528 e issue of a}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  fresh share.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16017621 {\fs24\lang2057\langfe5129\langnp2057\insrsid16017621\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid3097690 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (8) A bearer share issued by an int}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3097690\charrsid12132528 ernational}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  company may be transferred by delivery of }{\fs24\lang2057\langfe5129\langnp2057\insrsid1205809 the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 certificate issued in respect of that bea}{\fs24\lang2057\langfe5129\langnp2057\insrsid3097690\charrsid12132528 rer share.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3097690 {\fs24\lang2057\langfe5129\langnp2057\insrsid3097690\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid13712315 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 36. }{
\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Issue and effec}{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid14836930\charrsid12132528 t of share warrants to bearer}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14836930\charrsid12132528  - }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (1) An international company may, unless }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14836930\charrsid12132528 its articles }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 otherwise provide, upon the request of a }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14836930\charrsid12132528 holder of any fully paid up registered or}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  bearer share e}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14836930\charrsid12132528 xchange a}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  share certificate in respect of that regis}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14836930\charrsid12132528 tered or}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  bearer share for a share warrant to }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1205809 a 
}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 bearer}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14836930\charrsid12132528 .}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid14836930\charrsid12132528 Upon the}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14836930\charrsid12132528  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
surrender of the certificate of the regist}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14836930\charrsid12132528 ered or}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  bearer share, the international company sh}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14836930\charrsid12132528 all}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14836930\charrsid12132528 issue a }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 share warrant bearing the same number (if }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14836930\charrsid12132528 any) as the }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 certificate so surrendered. A share warra}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14836930\charrsid12132528 nt shall}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  constitute conclusive evidence of the righ}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4554009\charrsid12132528 t to the}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  title to the share specified in that share}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4554009\charrsid12132528  warrant.}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4554009\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid13712315 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid1205809 (2) An intern}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4554009\charrsid1205809 ational company may, unless its }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid1205809 articles otherwise provide, upon the reque}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4554009\charrsid1205809 st of a }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid1205809 holder of any share warrant exchange that }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4554009\charrsid1205809 share warrant }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid1205809 for a share certificate in respect of any}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid8063753\charrsid1205809  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4554009\charrsid1205809 share. Upon}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid1205809 
 the surrender of the share warrant, the in}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4554009\charrsid1205809 ternational}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid1205809  company shall issue a share certificate in }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4554009\charrsid1205809 respect of }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid1205809 the registered share bearing the same numb}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4554009\charrsid1205809 er (if any)}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid1205809  as the share warrant so surrendered.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13712315 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4554009\charrsid1205809 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (3) The holder of a share warrant is}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4554009\charrsid12132528 sued by an}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  international company shall be deemed not }{
\fs24\lang2057\langfe5129\langnp2057\insrsid4554009\charrsid12132528 to be a }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 member of that international company and, }{
\fs24\lang2057\langfe5129\langnp2057\insrsid4554009\charrsid12132528 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid8063753 u}{\fs24\lang2057\langfe5129\langnp2057\insrsid4554009\charrsid12132528 bject to }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 subsection (4), shall not be entitled to e}{\fs24\lang2057\langfe5129\langnp2057\insrsid4554009\charrsid12132528 xercise any}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  of the rights or receive any of the benefi}{\fs24\lang2057\langfe5129\langnp2057\insrsid4554009\charrsid12132528 ts}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9574434\charrsid12132528  of}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  membership of the international company un}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9574434\charrsid12132528 less and}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  until such time as the share warrant is su}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9574434\charrsid12132528 rrendered and exchanged for a share}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  certificate pursuant }{
\fs24\lang2057\langfe5129\langnp2057\insrsid9574434\charrsid12132528 to }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 subsection (2) but shall be entitled to no}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9574434\charrsid12132528 tice of any}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  meeting of the members of the class of sha}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9574434\charrsid12132528 res in}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  respect of which the share warrant is issu}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9574434\charrsid12132528 ed if the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  holder has n}{\fs24\lang2057\langfe5129\langnp2057\insrsid9574434\charrsid12132528 o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12457004 tified the international }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 comp}{\fs24\lang2057\langfe5129\langnp2057\insrsid9574434\charrsid12132528 any of an addr}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ess for notices of meetings at the time}{\fs24\lang2057\langfe5129\langnp2057\insrsid9574434\charrsid12132528  notices of}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the meeting are issued.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (4) Any share warrant issued by an international company may carry coupons or 
other certificates for the payment of dividends and where the articles so permit,}{\fs24\lang2057\langfe5129\langnp2057\insrsid9574434\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
such coupons or certificates may be divisible from any other rights attaching to that share.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid9574434\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (5) The exchange of any share ce}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1517013\charrsid12132528 rtificate}{\fs24\lang2057\langfe5129\langnp2057\insrsid8063753  }{\fs24\lang2057\langfe5129\langnp2057\insrsid1517013\charrsid12132528 for a}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  share warrant or vice versa in accord}{\fs24\lang2057\langfe5129\langnp2057\insrsid1517013\charrsid12132528 ance with}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  subsections (1) or (2) shall not const}{\fs24\lang2057\langfe5129\langnp2057\insrsid2564107\charrsid12132528 itute a}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  cancellation of the existing share and}{\fs24\lang2057\langfe5129\langnp2057\insrsid2564107\charrsid12132528  the issue of a}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  new share.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid9574434\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (6) An international company may }{
\fs24\lang2057\langfe5129\langnp2057\insrsid2564107\charrsid12132528 exchange any }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 share certificate for a share warrant }{
\fs24\lang2057\langfe5129\langnp2057\insrsid2564107\charrsid12132528 or vice versa in }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 accordance with subsections (1) and (2}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2564107\charrsid12132528 ) in respect of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 all or any of a particular class of sh}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13243495\charrsid12132528 ares issued}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid13243495\charrsid12132528 by }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the international company.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid9574434\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (7) A share warrant issued to bearer by an international company }{
\fs24\lang2057\langfe5129\langnp2057\insrsid13243495\charrsid12132528 may be transferred by delivery}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  of the share warrant.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid9574434\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid13712315 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 37. }{
\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Particulars in resister in relation to bearer shares }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid197872\charrsid12132528  (1) Upon the issue of a bearer share or the red}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 enomination of a registered share a}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1650749 s a}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  bearer share, the international company shall }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13712315 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid13243495\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid13712315 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a)}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 strike out of its register of members and any branch register wherei}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid197872\charrsid12132528 n}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the share is registered the name of the member ent}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid197872\charrsid12132528 ered therein as holding the shar}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 e in respect of which the bearer share issued; and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13712315 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid13243495\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid13712315 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b)}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 enter in the register of members the following particulars:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13712315 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid197872\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid13712315 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (i)}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the fact of the issue of the bearer share or the reden}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid8063753 o}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 mination of a registered share; and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13712315 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid197872\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid13712315 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (ii)}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the date of the issue of the bearer share or the reden}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid8063753 o}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 mination of a registered share.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13712315 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid197872\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid13712315 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2.) Upon the surrender of a certificate in respect of
 a bearer share, the date of such surrender shall be entered as if it were the dat}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid8063753 e}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 on which the person ceased to be a member.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13712315 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid13712315\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid13712315 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 38. }{
\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Particulars in register in relation to share warrants}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  (1) Upon the exchange of}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 share warrant in respect of any share, the international company shall }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid13712315\charrsid12132528 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
strike out of its register o}{\fs24\lang2057\langfe5129\langnp2057\insrsid6974676 f}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  members and any branch register wherein the }{\fs24\lang2057\langfe5129\langnp2057\insrsid6974676 s
}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 hare }{\fs24\lang2057\langfe5129\langnp2057\insrsid13712315\charrsid12132528 is registered the name of the me}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
mber entered therein as holding the share in respect of which the share warrant is i}{\fs24\lang2057\langfe5129\langnp2057\insrsid13712315\charrsid12132528 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 sued; and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid13712315\charrsid12132528 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
enter in the register of me}{\fs24\lang2057\langfe5129\langnp2057\insrsid6974676 mbers}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  following particulars:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid13712315\charrsid12132528 (i) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
the fact of the iss}{\fs24\lang2057\langfe5129\langnp2057\insrsid13712315\charrsid12132528 ue of the share}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  warrant;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid13712315\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid13712315\charrsid12132528 (ii) the date of the issue of the share warrant.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid13712315\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) Upon the surrender of a share }{
\fs24\lang2057\langfe5129\langnp2057\insrsid6974676 warrant, the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 date of such surrender shall be entered }{\fs24\lang2057\langfe5129\langnp2057\insrsid6974676 as if it were }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the date on which the person ceased to}{\fs24\lang2057\langfe5129\langnp2057\insrsid13712315\charrsid12132528  be a member.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid13712315\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 39. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
Effect on meetings}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  (1) Whilst }{
\fs24\lang2057\langfe5129\langnp2057\insrsid2441551\charrsid12132528 any bearer }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 share or share warrant remains unsurren}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2441551\charrsid12132528 dered the date,}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  time and location of each annual genera}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2441551\charrsid12132528 l meeting to be}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  held by the company may be specified:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid13712315\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid13712315\charrsid12132528 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 in
 the articles of the intern}{\fs24\lang2057\langfe5129\langnp2057\insrsid2441551\charrsid12132528 ational company;}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  or,
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid13712315\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10093270 {\fs24\lang2057\langfe5129\langnp2057\insrsid13712315\charrsid12132528 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
where authorised by the artic}{\fs24\lang2057\langfe5129\langnp2057\insrsid6974676 les, on the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  bearer share certificate or s}{\fs24\lang2057\langfe5129\langnp2057\insrsid6974676 
hare warrant,}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  and in such case the holder o}{\fs24\lang2057\langfe5129\langnp2057\insrsid8063753 f}{\fs24\lang2057\langfe5129\langnp2057\insrsid6974676  the bearer}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  share certificate or share wa}{\fs24\lang2057\langfe5129\langnp2057\insrsid6974676 rrant shall be}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 deemed to have received prope}{\fs24\lang2057\langfe5129\langnp2057\insrsid13985699 r notice of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 meeting and the company shall }{
\fs24\lang2057\langfe5129\langnp2057\insrsid6974676 hold the annual }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 general meeting in accordance }{\fs24\lang2057\langfe5129\langnp2057\insrsid6974676 with the date, }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 time and location so specifie}{\fs24\lang2057\langfe5129\langnp2057\insrsid13712315\charrsid12132528 d.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10093270 {\fs24\lang2057\langfe5129\langnp2057\insrsid10093270\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid13712315 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) Where the date, time and loca}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8063753 l}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  annual general meeting has not been spe}{\fs24\lang2057\langfe5129\langnp2057\insrsid13712315\charrsid12132528 cified pursuant}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  to subsection (1), the annual general m}{\fs24\lang2057\langfe5129\langnp2057\insrsid13712315\charrsid12132528 eeting}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  held at the regis}{\fs24\lang2057\langfe5129\langnp2057\insrsid13712315\charrsid12132528 tered office o}{\fs24\lang2057\langfe5129\langnp2057\insrsid8063753 
f the company at 9.00am on the 1}{\fs24\lang2057\langfe5129\langnp2057\insrsid13712315\charrsid12132528 0}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 th day of October in each year }{
\fs24\lang2057\langfe5129\langnp2057\insrsid14757416 in which an }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 annual general meeting is required to b}{\fs24\lang2057\langfe5129\langnp2057\insrsid13712315\charrsid12132528 
e held and the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  holder of any bearer share certificate}{\fs24\lang2057\langfe5129\langnp2057\insrsid13712315\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 shall }{\fs24\lang2057\langfe5129\langnp2057\insrsid14757416 or share warrant shall }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 be deemed t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2441551\charrsid12132528 o have received proper }{\fs24\lang2057\langfe5129\langnp2057\insrsid14313655 notice of such }{\fs24\lang2057\langfe5129\langnp2057\insrsid2441551\charrsid12132528 meeting.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid13712315 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid72066 (2) Every share warrant issued in accordance with the provisions of section 35 of the principal Act prior to the commencement of this Act shall be deemed to be a share certificate issued to bearer.

\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid72066\charrsid12132528 
\par }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2441551\charrsid6952865 (25)}{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid2441551\charrsid6952865  }{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6952865 
Premiums received on issue of shares ma}{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid2441551\charrsid6952865 y be share capital}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2441551\charrsid6952865 -}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6952865  Section 40 of the principal Act is }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2441551\charrsid6952865 repealed and the following }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6952865 section substituted }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid6952865 -}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6952865 
\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2441551 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6952865 
40. (1) Where an international company issues shares having a par value at a premium}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 whether for cash or otherwise, a sum equal to the aggregate amount or value of the premiums on those shares may be transfer}{\fs24\lang2057\langfe5129\langnp2057\insrsid2441551\charrsid12132528 red to an account to be called }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid2441551\charrsid12132528 the share premium account}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid2441551\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2441551 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) Where assets are acquired by t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2441551\charrsid12132528 he issue of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 shares of an international company havin}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2441551\charrsid12132528 g a par value}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  and no consideration is recorded, the as}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2441551\charrsid12132528 sets so acquired}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  shall be valued and if the valu}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2441551\charrsid12132528 e of the assets}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  is more than the par value of such share}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2441551\charrsid12132528 s,}{\fs24\lang2057\langfe5129\langnp2057\insrsid8063753  }{\fs24\lang2057\langfe5129\langnp2057\insrsid2441551\charrsid12132528 the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  difference between the par value of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid2441551\charrsid12132528 shares and the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 value of the }{\field\fldedit{\*\fldinst {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  HYPERLINK http://assets.so }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4330093\charrsid5129772 {\*\datafield 
00d0c9ea79f9bace118c8200aa004ba90b0200000003000000e0c9ea79f9bace118c8200aa004ba90b2400000068007400740070003a002f002f006100730073006500740073002e0073006f002f000000000000000000000000000000000000000200}}}{\fldrslt {
\cs15\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid2441551\charrsid12132528 assets }{\cs15\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 so}}}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 acquired may be t}{\fs24\lang2057\langfe5129\langnp2057\insrsid2441551\charrsid12132528 ransferred to}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the share premium a}{\fs24\lang2057\langfe5129\langnp2057\insrsid8063753 c}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 count.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3408188 {\fs24\lang2057\langfe5129\langnp2057\insrsid3408188\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid6952865 {\fs24\lang2057\langfe5129\langnp2057\insrsid3408188\charrsid12132528 (3) The share premium account may,}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6952865  }{\fs24\lang2057\langfe5129\langnp2057\insrsid3408188\charrsid12132528 notwithstanding anything contained in subsection}{\fs24\lang2057\langfe5129\langnp2057\insrsid6952865  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid3408188\charrsid12132528 (1) or (2), be applied by the company in paying up unissued shares of the company to be issued to members of the company as fully paid shares or in writing off-
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3408188 {\fs24\lang2057\langfe5129\langnp2057\insrsid3408188\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid3408188 {\fs24\lang2057\langfe5129\langnp2057\insrsid3408188\charrsid12132528 (a) the preliminary expenses of the company; or 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3408188 {\fs24\lang2057\langfe5129\langnp2057\insrsid3408188\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid3408188 {\fs24\lang2057\langfe5129\langnp2057\insrsid3408188\charrsid12132528 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid6952865  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid3408188\charrsid12132528 the expenses of, or the commission paid or discount allowed on, the creation or issue of any shares or debentures of the company,
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3408188 {\fs24\lang2057\langfe5129\langnp2057\insrsid3408188\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10235026 {\fs24\lang2057\langfe5129\langnp2057\insrsid3408188\charrsid12132528 or in providing for the premium payable on redemption of any redeemable p}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10235026 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid3408188\charrsid12132528 eference shares or any debentures of the company.}{\fs24\lang2057\langfe5129\langnp2057\insrsid9127779\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3408188 {\fs24\lang2057\langfe5129\langnp2057\insrsid9127779\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid9127779 {\fs24\lang2057\langfe5129\langnp2057\insrsid9127779\charrsid12132528 (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid6952865  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid9127779\charrsid12132528 Except as provided in subsection(3), the share premium account shall be treated as part of the paid up capital of the international company for the purpose of this Act}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9127779\charrsid12132528 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10235026 {\fs24\lang2057\langfe5129\langnp2057\insrsid9127779\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid9127779\charrsid12132528 26. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid9127779\charrsid12132528 Proc}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 eeds of issue of shares of no}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid9127779\charrsid12132528  par value}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9127779\charrsid6952865  }{\fs24\lang2057\langfe5129\langnp2057\insrsid12132528\charrsid6952865 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid6952865\charrsid6952865  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid9127779\charrsid12132528 Section 41 of the principal Act is repealed and the following section substituted-
\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid9127779 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 41 }{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid9127779\charrsid12132528 Proceeds of issue }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 of }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid9127779\charrsid12132528 
shares of no par value may be stated as capital}{\fs24\lang2057\langfe5129\langnp2057\insrsid6302358\charrsid12132528  - (1) Where an international company issues shares having no par value cash or otherwise the whole of the pr}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6952865 oceeds of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid6302358\charrsid12132528  issue may be transferred to an accoun}{\fs24\lang2057\langfe5129\langnp2057\insrsid5129772 t called the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid5129772 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid6302358\charrsid12132528 tated capital account}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "
}{\fs24\lang2057\langfe5129\langnp2057\insrsid5129772 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid5129772 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid5129772 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) Notwithstanding subsection }{
\fs24\lang2057\langfe5129\langnp2057\insrsid6952865 (1), the stated }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 capital account may be applied by an }{\fs24\lang2057\langfe5129\langnp2057\insrsid6952865 international }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 company in writing off }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid5129772 {\fs24\lang2057\langfe5129\langnp2057\insrsid5129772 (a) the preliminary expenses of the company; or 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5129772 {\fs24\lang2057\langfe5129\langnp2057\insrsid5129772 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid5129772 {\fs24\lang2057\langfe5129\langnp2057\insrsid5129772 (b) the expenses of, or the commission paid on, the creation or issue of any such shares.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5129772 {\fs24\lang2057\langfe5129\langnp2057\insrsid5129772 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10828533 {\fs24\lang2057\langfe5129\langnp2057\insrsid5129772 or }{\fs24\lang2057\langfe5129\langnp2057\insrsid6952865 in }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5129772 providing for the premium payable on redemption of any redeemable preference shares or of any debentures of the company.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid5129772 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10828533 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (3) Except as provided in subse}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5129772 ction (2) the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  stated capital account shall }{\fs24\lang2057\langfe5129\langnp2057\insrsid5129772 be treat}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6952865 ed as part of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid5129772  paid up capital of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  international }{
\fs24\lang2057\langfe5129\langnp2057\insrsid6952865 company for the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 purposes of this Act.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5129772 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid5129772 
\par 27}{\fs24\lang2057\langfe5129\langnp2057\insrsid5129772\charrsid2950861 . }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid2950861 Effec}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid5129772\charrsid2950861 t of conversion of par value}
{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid2950861  share capital }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid5129772\charrsid2950861 into no par value share capital and vice versa}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid2950861  Section 42 of the principal }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Act is repealed and the following se}{\fs24\lang2057\langfe5129\langnp2057\insrsid2950861 ction substituted}{\fs24\lang2057\langfe5129\langnp2057\insrsid6952865  -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2950861 
\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2950861 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 42. }{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6952865 Effe}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid2950861 ct of conversion of par val}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid2950861\charrsid2950861 ue}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid2950861  into n}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid2950861\charrsid2950861 o}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid2950861  value share capital and }{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid2950861\charrsid2950861 vice versa }{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid2950861 
 (1) Where an international company converts any share having a par value into a share without par value}{\fs24\lang2057\langfe5129\langnp2057\insrsid15300523  -}{\fs24\lang2057\langfe5129\langnp2057\insrsid2950861 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid2950861 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid15300523 {\fs24\lang2057\langfe5129\langnp2057\insrsid15300523 
(a) the share capital attributable to that share not being part of any share premium account shall be transferred to the stated capital account;}{\fs24\lang2057\langfe5129\langnp2057\insrsid2950861 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid2950861 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid15300523 {\fs24\lang2057\langfe5129\langnp2057\insrsid15300523 
(b) the share premium account attributable to that share shall be retained as a share premium account.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid15300523 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10828533 {\fs24\lang2057\langfe5129\langnp2057\insrsid15300523 (2) Wh
ere an international company converts any share of no par value into a share having a par value, there shall be transferred to the share capital account of the company the stated capital account attributable to that share.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15300523 {\fs24\lang2057\langfe5129\langnp2057\insrsid15300523 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10828533 {\fs24\lang2057\langfe5129\langnp2057\insrsid15300523\charrsid12132528 (3) Fractions, fractional surpl}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15300523 uses}{\fs24\lang2057\langfe5129\langnp2057\insrsid15300523\charrsid12132528  arising in respect of the nominal sha}{\fs24\lang2057\langfe5129\langnp2057\insrsid15300523 re}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15300523\charrsid12132528  stated capital may be rounded off.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15300523\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid15300523 
\par }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6239552 28.}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid6239552  }{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6239552 Currency of shares}{
\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid10828533\charrsid6239552 ,}{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6239552  interest}{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid6239552 -}{
\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6239552 bear}{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid10828533\charrsid6239552 ing}{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6239552  shares, }{
\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid8202374\charrsid6239552 redeemable-}{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6239552 shares}{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid8202374\charrsid6239552 , shares
}{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6239552  with special rights and gift shar}{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid8202374\charrsid6239552 es}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid6239552  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10828533\charrsid6239552 -}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6239552  }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid6239552 (1) }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6239552 Subsection (3) of section 43 of the principal Ac}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid6239552 t is amended by:}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6239552 
\par }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid6239552 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid9375152 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid6239552 (a) }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6239552 
Omitting from paragraph (j) the w}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid6239552 ords }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid6239552 being}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6239552  shares having a par value of up t}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid6239552 o $10 in total}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6239552  nominal value}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6239552  and substituting t}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid6239552 he words }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid6239552 where}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6239552  the articles so permit and subjec}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid6239552 t to the terms}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6239552  provided therein,}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10828533\charrsid6239552 ;}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6239552 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid6239552 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid9375152 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid6239552 (b) }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6239552 Om
}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid6239552 itting from paragraph (j) the word }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid6239552 shall}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid6239552  where }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6239552 it first appears and substituting }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid6239552 the word }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid6239552 may}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10828533\charrsid6239552 ;}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid6239552 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9375152 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid6239552 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid9375152 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid6239552 (c) Omitting after paragraph}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9375152  (i) the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152 and}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid9375152 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid9375152 {\fs24\lang2057\langfe5129\langnp2057\insrsid9375152 (d) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 I}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9375152 nserting after paragraph (j)}{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552  the following}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 paragraphs:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid9375152 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid9375152 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(k) where the articles so permit }{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 and subject to }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the terms provided therein, }{
\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 entitling the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 holder to forfeit the shares}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152  to the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 international company, where }{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 upon the holder}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 '}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 s }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 liability in respect of thos}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152 e shares}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 will be }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 limited to the amount of a}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9375152 ny }{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 calls }{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152 (if any) unpaid on those shares where the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  call is made within a period }{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 of three months }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
after the date of forfeiture: }{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 Provided that a }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 forfeiture, or where there ha}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152 
ve been previous }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 forfeitures, the last forfeiture shall not }{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 be }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 effective if the forfeiture b}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152 y itself or in }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
combination with any other fo}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152 rfeiture}{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552  results}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  in the reduction of the numbe
}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152 r of members of}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the international company to}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152  less than}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  permitted by this Act. A for}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152 feiture }{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9375152 f}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  shares shall be deemed not to }{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 result in the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 reduction of the number of me}{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 mbers of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  i
nternational company to less }{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 than permitted }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 by this Act where:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid9375152 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid9375152 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (i) at the time of the forfei}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9375152 ture the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  international company}{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552  had}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 on issue one}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  more convertible notes an}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 d one or more of}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the convertible note hold}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152 ers }{
\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 has }{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 consented, in advance or othe}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580412 rwise, to}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528  the forfeiture - in which even}{\fs24\lang2057\langfe5129\langnp2057\insrsid13985699 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 , upon the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528  forfeiture of the shares each}{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552  convertable}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528  note }{
\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 holder shall be deemed to have been }{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 automatically converted into a }{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 ordinary }{
\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 share in the}{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552  international company with a }{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 
par value of one dollar and th}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580412 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 note }{
\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 holder shall be entitled to al}{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 l of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 
 benefits and rights and subjec}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580412 t to}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 all of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 the obligations and liabilitie}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580412 s as a}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 
 holder of an ordinary share in}{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552  the}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528  company and no fresh issue of }{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 
an ordinary }{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 share shall be necessary; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9375152 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580412 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid6580412 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580412 (ii) }{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 
at the time of the forfeiture international company had on i}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580412 ssue one or}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528  more Table B debentures and di}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6580412 d not have}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528  on issue any convertible notes, or more of the debenture holde}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580412 r}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 s has}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528  consented, in advance or othe}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580412 rwise}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 to }{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 the forfeiture - in which even}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13985699 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 ,}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 upon the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 forfeiture of the shares the d}{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 ebentures}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 
 shall be deemed to have been automatically converted into o}{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 ne ordinary}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528  share in the international com}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 pany for}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528  every $1 secured by the said d}{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 ebenture}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528  and the debenture holders shal}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580412 l be}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 
 entitled to all of the benefit }{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 and rights and subject to all of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 obligations and liabilities as }{
\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 a holder }{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 of ordinary shares in the comp}{\fs24\lang2057\langfe5129\langnp2057\insrsid6239552 any and no}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528  fresh issue of those ordinary }{\fs24\lang2057\langfe5129\langnp2057\insrsid3679546 shares }{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 
shall be necessary or be deeme}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580412 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528  been made;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9375152 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580412 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid7749473 {\fs24\lang2057\langfe5129\langnp2057\insrsid13394271 (l) }{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 
where the articles so permit, which }{\fs24\lang2057\langfe5129\langnp2057\insrsid748351 have the }{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 effect of suspending, automatically }{
\fs24\lang2057\langfe5129\langnp2057\insrsid748351 or at the }{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 election of the holder of those shar}{\fs24\lang2057\langfe5129\langnp2057\insrsid13394271 es, all the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528  rights of other members (including}{\fs24\lang2057\langfe5129\langnp2057\insrsid748351  the power}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 
 to vote and to demand a poll). Ever}{\fs24\lang2057\langfe5129\langnp2057\insrsid748351 y holder of}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528  share}{\fs24\lang2057\langfe5129\langnp2057\insrsid13394271 
s issued pursuant to this paragraph }{\fs24\lang2057\langfe5129\langnp2057\insrsid748351 (1) }{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 shall have such voting rights as the }{\fs24\lang2057\langfe5129\langnp2057\insrsid748351 
article }{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 provide; and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9375152 {\fs24\lang2057\langfe5129\langnp2057\insrsid13394271 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid7749473 {\fs24\lang2057\langfe5129\langnp2057\insrsid13394271 (m) }{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 
fractional shares carrying the corre}{\fs24\lang2057\langfe5129\langnp2057\insrsid13394271 sponding}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528  fractional liabilities, limitations, prefe}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13394271 rences, privileges, qualifications, }{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 restrictions, rights and other attri}{\fs24\lang2057\langfe5129\langnp2057\insrsid13394271 
butes of a}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528  whole share or a class or series of}{\fs24\lang2057\langfe5129\langnp2057\insrsid12870217  shares.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12870217 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid9375152\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid9375152 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) Section 43 of the principal Act is further}{\fs24\lang2057\langfe5129\langnp2057\insrsid1342694  amend}{\fs24\lang2057\langfe5129\langnp2057\insrsid12606770 ed}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1342694  by}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  repealing subsections (5) and (6).
\par }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid1342694\charrsid15406676 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid748351 29.}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid15406676  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15406676 Redeemable shares and re}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid15406676 purchase of shares}{\fs24\lang2057\langfe5129\langnp2057\insrsid15406676  }{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15406676 Section }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 44 of t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15406676 he principal Act is repealed an}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 d the following }{\fs24\lang2057\langfe5129\langnp2057\insrsid15406676 section }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 substituted }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15406676 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15406676 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
44. (1) An international company which ha}{\fs24\lang2057\langfe5129\langnp2057\insrsid12870217 s issued}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  redeemable shares may, if its articles so pr}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12870217 ovide, redeem those sh}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ares provided such redemption }{\fs24\lang2057\langfe5129\langnp2057\insrsid12870217 complies }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 w}{\fs24\lang2057\langfe5129\langnp2057\insrsid12870217 ith the provisions of section 5}{\fs24\lang2057\langfe5129\langnp2057\insrsid748351 4}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 A of this A}{\fs24\lang2057\langfe5129\langnp2057\insrsid12870217 ct.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid12870217 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid4009377 {\fs24\lang2057\langfe5129\langnp2057\insrsid12870217\charrsid12132528 (2) Unless the articles otherwise pr}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4009377 ovided, where}{\fs24\lang2057\langfe5129\langnp2057\insrsid12870217\charrsid12132528  shares of an international company ar}{\fs24\lang2057\langfe5129\langnp2057\insrsid4009377 e }{
\fs24\lang2057\langfe5129\langnp2057\insrsid748351 re}{\fs24\lang2057\langfe5129\langnp2057\insrsid4009377 purchased or}{\fs24\lang2057\langfe5129\langnp2057\insrsid12870217\charrsid12132528  redeemed by an international company, }{
\fs24\lang2057\langfe5129\langnp2057\insrsid4009377 the purchase or }{\fs24\lang2057\langfe5129\langnp2057\insrsid12870217\charrsid12132528 redemption shall constitute a cancell}{\fs24\lang2057\langfe5129\langnp2057\insrsid4009377 ation of the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid12870217\charrsid12132528 shares and thereupon suc}{\fs24\lang2057\langfe5129\langnp2057\insrsid4009377 h shares shall}{\fs24\lang2057\langfe5129\langnp2057\insrsid12870217\charrsid12132528 
 be restored to the status of authorised, but unissue}{\fs24\lang2057\langfe5129\langnp2057\insrsid4009377 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid12870217\charrsid12132528  shares.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12870217\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid3675567\charrsid3675567 
\par }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid3675567 3}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid3675567 0.}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid3675567  }{
\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid3675567 Dealing by a company in its own shares}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid3675567  }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10828533\charrsid3675567 -}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid3675567  (1) Section }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid3675567 
46 of the principal Act is repealed and the fol}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid3675567 lowing section}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid3675567  substituted }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid3675567 -}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid3675567 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9188948 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid3675567 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid9188948 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid3675567 46. (}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid748351 1) Subject to any provision to}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid3675567  the}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid748351  contrary in the}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid3675567  articles, an international company }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid748351 may provide a }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid3675567 
financial assistance, whether directly }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid748351 or indirectly }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid3675567 and whether by way of loan, guarantee, }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid748351 or otherwise, }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid3675567 for the purpose of, or in connection w}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid748351 ith the purchase}
{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid3675567  or subscription of its own shares, the }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid748351 shares of any }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid3675567 subsidiary or of any holding company.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9188948 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid3675567 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid9188948 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid3675567 (2) An international company may p}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10247939\charrsid3675567 urchase its own}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid3675567  shares if the articles provide for suc}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10247939\charrsid3675567 h}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid748351  purchases to be}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid3675567  made and if the directors honestl
}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10247939\charrsid3675567 y believe that }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid748351 any }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid3675567 
purchase by the international company }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid748351 of its own shares }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid3675567 will not result in the international c}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10247939\charrsid3675567 ompany}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid3675567  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid748351 thereby }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid3675567 being incapable of meeting its obligat}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10247939\charrsid3675567 ions to its}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid3675567  creditors as they fall due, within the }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid748351 meaning of }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid3675567 
section}{\fs24\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid12132528  54C.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9188948 {\fs24\lang2057\langfe5129\langnp2057\insrsid9188948 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid9188948 {\fs24\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid12132528 (3) Where an international company}{
\fs24\lang2057\langfe5129\langnp2057\insrsid748351  purchases its}{\fs24\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid12132528  own shares, other than out of current }{\fs24\lang2057\langfe5129\langnp2057\insrsid748351 or prior year }{
\fs24\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid12132528 profits (including capital profits), a}{\fs24\lang2057\langfe5129\langnp2057\insrsid748351 ny other realised}{\fs24\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid12132528 
 gains, or from any other reserves, the}{\fs24\lang2057\langfe5129\langnp2057\insrsid748351 re shall be}{\fs24\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid12132528  lodged with the Registrar f}{\fs24\lang2057\langfe5129\langnp2057\insrsid748351 
o}{\fs24\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid12132528 r filing w}{\fs24\lang2057\langfe5129\langnp2057\insrsid748351 ithin 42 days after}{\fs24\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid12132528  the com}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15610895 pany having effected such purchase }{\fs24\lang2057\langfe5129\langnp2057\insrsid748351 a declaration }{\fs24\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid12132528 
made by a majority of the directors of }{\fs24\lang2057\langfe5129\langnp2057\insrsid748351 the company }{\fs24\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid12132528 stating with reasonable accuracy the n}{
\fs24\lang2057\langfe5129\langnp2057\insrsid748351 ature of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid12132528  purchase and any reduction of l}{\fs24\lang2057\langfe5129\langnp2057\insrsid15610895 iabilities }{
\fs24\lang2057\langfe5129\langnp2057\insrsid748351 of any member }{\fs24\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid12132528 as a result thereof.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9188948 {\fs24\lang2057\langfe5129\langnp2057\insrsid9188948 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid9188948 {\fs24\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid12132528 (4) If this section is not complied }{
\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 with }{\fs24\lang2057\langfe5129\langnp2057\insrsid748351 every }{\fs24\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid12132528 officer of the international company }{
\fs24\lang2057\langfe5129\langnp2057\insrsid748351 in default shall}{\fs24\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid12132528  be guilty of an offence against this A}{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 ct.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9188948\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid9188948 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10828533 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) Nothing in this section shall apply to}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15226097  any conduct }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 engaged in prior to the commencement of this Act }{\fs24\lang2057\langfe5129\langnp2057\insrsid15226097 
or any conduct }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 subsequently engaged in respect of or in relatio}{\fs24\lang2057\langfe5129\langnp2057\insrsid15226097 n to any binding}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  contract entered into prior to the commencement}{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533  of this Act.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid15226097 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 31. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid10828533 Po}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid15892400 
wer to pay certain commissions}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid10828533  }{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15892400 Section 49 of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 principal Act is repealed.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15892400 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 32.}{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15892400\charrsid15892400 I}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid15892400 ssue of shares at a discount}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Sect}{\fs24\lang2057\langfe5129\langnp2057\insrsid15892400 ion 50 of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 principal Act is amended by repealing subsectio}{\fs24\lang2057\langfe5129\langnp2057\insrsid15892400 n (2) and}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  substituting the following subsection:
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9188948 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15892400 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(2) No shares shall be issued at a }{\fs24\lang2057\langfe5129\langnp2057\insrsid748351 discount while any }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 share warrants for the international }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15892400 company remain }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 unsurrendered unless provided for in }{\fs24\lang2057\langfe5129\langnp2057\insrsid748351 the terms of the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 issue of those warrants.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid15805811 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15805811 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 33.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15805811\charrsid15805811  }{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15805811\charrsid15805811 Alteration of share capital}{\fs24\lang2057\langfe5129\langnp2057\insrsid15805811\charrsid15805811  }{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15805811  Section 52 of the principal Act is amended by -}{\fs24\lang2057\langfe5129\langnp2057\insrsid15805811\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15805811 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15805811 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a) Omitting from subsection (1) the words }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 in any one or more of the following ways}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  and substituting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
in any way, and in particular without limiting the generality of the foregoing, may do all or any of the following}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid15805811 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15805811 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b) Omitting after paragraph (g) of subsection (1) the word }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 or}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ;

\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid15805811 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15805811 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (c) Adding to subsection (1) the following paragraphs:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid15805811 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid15805811 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (i) redenomina
te the currency of an}{\fs24\lang2057\langfe5129\langnp2057\insrsid15805811 y}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  shares by }{\fs24\lang2057\langfe5129\langnp2057\insrsid15805811 the conversion of shares denomin}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ated in one currency to the same number of }{\fs24\lang2057\langfe5129\langnp2057\insrsid15805811 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 hares of}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15805811  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 another currency; and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15805811 {\fs24\lang2057\langfe5129\langnp2057\insrsid15805811 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid15805811 {\fs24\lang2057\langfe5129\langnp2057\insrsid15805811 (j) increase the par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
value of any shares by the capitalisation of profits.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid15805811 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15805811 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (d) Inserting after subsection (2) the following subsection:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid15805811 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid15805811 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(2A) A redenomination of the currency of any shares under subsection (1)(i) shall be deemed not to ef}{\fs24\lang2057\langfe5129\langnp2057\insrsid15805811 fect a cancellation of the exist}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ing shares and the issue of fresh shares.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid15805811 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 34.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid10385053 New sect}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid3476\charrsid3476 ions}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid3476  inserted}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  - }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (1)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 The princi}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3476 p}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 al Act is amended by inserting after section 54 the following sections }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3476 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid3476 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 54A.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10828533  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid10828533 Capital maintenance}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid10828533\charrsid10828533 ,}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid10828533  dividends and other distributions}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  (1) An international company may, if so authorised by its articles, make any distribution to members or reduce or extinguish the liability of its members in any way and, in}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 particular, but without limiting the generality of the foregoing may:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3476 {\fs24\lang2057\langfe5129\langnp2057\insrsid3476 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid3476 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a) extinguish or reduce the liability o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 f}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  any of the shares in respec}{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 t of share capital not paid up;}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3476 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3476 {\fs24\lang2057\langfe5129\langnp2057\insrsid3476 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid3476 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b) either with or without ex
tinguishing or reducing liabilities on any of its shares, cancel paid up capital which is lost or unrepresent}{\fs24\lang2057\langfe5129\langnp2057\insrsid3476 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 d by available assets;

\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3476 {\fs24\lang2057\langfe5129\langnp2057\insrsid3476 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid3476 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(c) either with or without extinguishing or reducing liabilities on any of its shares, repay to the members any paid up share capital which is in}{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 excess of the needs of the company o}{\fs24\lang2057\langfe5129\langnp2057\insrsid10385053 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 which is otherwise in the interests of the company to repay; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3476 {\fs24\lang2057\langfe5129\langnp2057\insrsid3476 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid3476 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(d) convert any amount of the capital of the company to debt obligations owed by the company to the holder of those shares (}{\fs24\lang2057\langfe5129\langnp2057\insrsid3476 whether by re}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 payment or by}{\fs24\lang2057\langfe5129\langnp2057\insrsid3476  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 direct conversion to an instrument);
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid3476 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid7413695 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
and may, so far as is necessary, alter it memorandum by reducing the amount of its share capital and its shares accordingly. Each such transaction is henceforth referred to in this section as a }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 capital reduction transaction}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid3476 .}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid3476 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid7413695 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) Except insofar as this section }{
\fs24\lang2057\langfe5129\langnp2057\insrsid10385053 otherwise }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 provide}{\fs24\lang2057\langfe5129\langnp2057\insrsid7413695 s, any capital reduction transaction shall be a }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 valid act of the international company}{\fs24\lang2057\langfe5129\langnp2057\insrsid10385053  if, at the time }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
of eff}{\fs24\lang2057\langfe5129\langnp2057\insrsid7413695 ecting that capital reduction}{\fs24\lang2057\langfe5129\langnp2057\insrsid10385053  transaction}{\fs24\lang2057\langfe5129\langnp2057\insrsid7413695  the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  directors have an honest belief that t}{\fs24\lang2057\langfe5129\langnp2057\insrsid10385053 he transaction}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 will not result in the company being i}{\fs24\lang2057\langfe5129\langnp2057\insrsid11034133 n capable of}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  meeting its obligations to creditors a}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1866111 s they fall due.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid7413695 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid6311180 {\fs24\lang2057\langfe5129\langnp2057\insrsid7413695 (3) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
Any capital reduction transact}{\fs24\lang2057\langfe5129\langnp2057\insrsid10385053 ion}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid1866111 if it has the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 effect of returning assets to or reduc}{\fs24\lang2057\langfe5129\langnp2057\insrsid1866111 ing liabilities}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  in
 respect}{\fs24\lang2057\langfe5129\langnp2057\insrsid1866111  of some but not all of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid10385053  shareholders of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid1866111  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 company (or to some but not all of}{\fs24\lang2057\langfe5129\langnp2057\insrsid1866111  }{\fs24\lang2057\langfe5129\langnp2057\insrsid10385053 the holders of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 any class of shares in the company) shall, except insofar as is effected in accordance with the rights of members as specified in the articles of}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6311180  }{\fs24\lang2057\langfe5129\langnp2057\insrsid10385053 the company, be }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 deemed t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10385053 o be a variation of those rights to which the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 shareholders may object and the provisi}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6311180 ons of section}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  55 shall apply mutatis mutandis to}{\fs24\lang2057\langfe5129\langnp2057\insrsid10385053  such deemed}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  variation.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid6311180 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (4) Any capital reduction transacti}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6311180 on}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid10385053 effected }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 otherwise than in accordance with the p}{\fs24\lang2057\langfe5129\langnp2057\insrsid6311180 rovisions of}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 subsection (2) shall be void at the abs}{\fs24\lang2057\langfe5129\langnp2057\insrsid10385053 olute discretion }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 of a liquidator and any creditor of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid10385053 the company.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid6311180 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid6311180 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (5) Where an international company capital reduction transaction, other th}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6311180 an the payment}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  of a dividend in accordance with subsec}{\fs24\lang2057\langfe5129\langnp2057\insrsid6311180 tion (6)}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10385053 , there}{\fs24\lang2057\langfe5129\langnp2057\insrsid6311180  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 shall be lodged with the Registrar for }{
\fs24\lang2057\langfe5129\langnp2057\insrsid10385053 filing within 42 }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 days of the company having effected tha}{\fs24\lang2057\langfe5129\langnp2057\insrsid6311180 t transaction a}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  declaration made by a majority of the d}{\fs24\lang2057\langfe5129\langnp2057\insrsid10385053 irectors of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 company stating with reasonable accurac}{\fs24\lang2057\langfe5129\langnp2057\insrsid6311180 y}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the }{\fs24\lang2057\langfe5129\langnp2057\insrsid10385053 nature of the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 capital reduction transaction and a}{\fs24\lang2057\langfe5129\langnp2057\insrsid10385053 ny distribution}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 made to or reduction of liability of an}{\fs24\lang2057\langfe5129\langnp2057\insrsid10385053 y member as a}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  result thereof.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid6311180 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (6) Notwithstanding anything to the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid10385053 contrary in }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 this Act, an international company may }{\fs24\lang2057\langfe5129\langnp2057\insrsid6311180 pay dividends }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 out of current or prior year profits (i}{\fs24\lang2057\langfe5129\langnp2057\insrsid6311180 ncluding any }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
capital profits), any unrealised gains, or from any other reserve (other than from a share premium account maintained in accordance with section 40}{\fs24\lang2057\langfe5129\langnp2057\insrsid10385053 )}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6311180  without the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 need to make good prior year losses (if}{\fs24\lang2057\langfe5129\langnp2057\insrsid6311180  any) and such}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  dividends may be distributed in cash or}{\fs24\lang2057\langfe5129\langnp2057\insrsid6311180  any}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  other form;

\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid6311180 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10237791 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (7) If the provisions of this sectio}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10237791 n are not}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  complied with every officer of the inter}{\fs24\lang2057\langfe5129\langnp2057\insrsid10385053 national}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  company in default shall be guilty of an }{\fs24\lang2057\langfe5129\langnp2057\insrsid10237791 offence against this Act:}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid10237791 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid8258231 {\fs24\lang2057\langfe5129\langnp2057\insrsid8258231 (8) Nothing in this section shall effect:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid8258231 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10237791 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a) any transaction effected in }{
\fs24\lang2057\langfe5129\langnp2057\insrsid10237791 accordance with }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 sections 46 or 54 of this Ac}{\fs24\lang2057\langfe5129\langnp2057\insrsid10237791 t;}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10237791 {\fs24\lang2057\langfe5129\langnp2057\insrsid10237791 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10237791 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b) if the articles so provide}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10237791 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 , }{\fs24\lang2057\langfe5129\langnp2057\insrsid10237791 the redemption of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 any shares out of the pro}{\fs24\lang2057\langfe5129\langnp2057\insrsid10237791 ceeds of a}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  fresh issue of shares}
{\fs24\lang2057\langfe5129\langnp2057\insrsid10237791 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10237791 {\fs24\lang2057\langfe5129\langnp2057\insrsid10237791 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10237791 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (c) any bonus issue;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid8258231 {\fs24\lang2057\langfe5129\langnp2057\insrsid8258231 (d) the forfeiture of any shares in accordance with section }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 43(j): Provide }{\fs24\lang2057\langfe5129\langnp2057\insrsid8258231 such }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 forfeiture does not}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8258231  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 involve }{\fs24\lang2057\langfe5129\langnp2057\insrsid8258231 the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 distribution of any asset of international company; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid8258231 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid8258231 {\fs24\lang2057\langfe5129\langnp2057\insrsid8258231 (e) the cancellation of shares or reduction of any }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 capital in any other manner}{\fs24\lang2057\langfe5129\langnp2057\insrsid8258231  permitted by }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 this Act.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid8258231 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid8258231 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (9) Nothing in this section shall pr}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10385053 eclude an}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  international company from further limit}{\fs24\lang2057\langfe5129\langnp2057\insrsid10385053 ing, by}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  contract or otherwise, its ability to ma}{\fs24\lang2057\langfe5129\langnp2057\insrsid10385053 ke}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  distributions.

\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid8258231 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid8258231 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (10) Other than subsection (6), nothing in this section shall apply to }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid8258231 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid8258231 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a) banks licensed under the off}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Shore Banking Act 1981; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9247962 {\fs24\lang2057\langfe5129\langnp2057\insrsid8258231 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid8258231 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b) any international company licensed under the Off}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Shore Insurance Act 1981}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 82.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid8258231 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid4791525 {\fs24\lang2057\langfe5129\langnp2057\insrsid9247962 54B}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 . }{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid8858344 Capital maintenance exempt companies}{\fs24\lang2057\langfe5129\langnp2057\insrsid8858344  }{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8858344  Where an}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  international company issues a prospectus that it, or any other person or entity ma}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12717101 y or will}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  purchase, repurchase or redeem any shares }{\fs24\lang2057\langfe5129\langnp2057\insrsid12717101 issued by the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 company or guarantee or defease any capit}{\fs24\lang2057\langfe5129\langnp2057\insrsid4791525 al liability}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 of the company, or otherwise benefit any }{\fs24\lang2057\langfe5129\langnp2057\insrsid12717101 member or }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 person, then the rules of capital mainten}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4791525 ance}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  (including those contained in sections 44}{\fs24\lang2057\langfe5129\langnp2057\insrsid12717101 , 46, 52, 54}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  and 54A) shall not affect the validity or }{\fs24\lang2057\langfe5129\langnp2057\insrsid12717101 any terms of any }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 transaction entered into to achieve that}{\fs24\lang2057\langfe5129\langnp2057\insrsid12717101  objective.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid4791525 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid4791525 {\fs24\lang2057\langfe5129\langnp2057\insrsid4791525 54C. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid8858344 
Debts to be taken into account in de}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid12717101 termining}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid8858344  solvency}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid8858344  Where this Act requires}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid12717101 the directors of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
an international company to determine whe}{\fs24\lang2057\langfe5129\langnp2057\insrsid8858344 ther any act}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  or omission shall result in the internati}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8858344 onal company}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  being incapable of meeting its obligation }{\fs24\lang2057\langfe5129\langnp2057\insrsid12717101 to its }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 creditors as they fall due, the directors }{\fs24\lang2057\langfe5129\langnp2057\insrsid12717101 shall take }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
into account:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid8858344 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid8858344 {\fs24\lang2057\langfe5129\langnp2057\insrsid8858344 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 al}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8858344 l actual debts of the international company; }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 and}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8858344 {\fs24\lang2057\langfe5129\langnp2057\insrsid8858344\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid8858344 {\fs24\lang2057\langfe5129\langnp2057\insrsid8858344 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 such contingent debts}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8858344  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 of the inte}{\fs24\lang2057\langfe5129\langnp2057\insrsid8858344 rnational}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  company which the directors hones}{\fs24\lang2057\langfe5129\langnp2057\insrsid8858344 tly believe}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 on the balance of probabilities, }{\fs24\lang2057\langfe5129\langnp2057\insrsid8858344 will require a }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 disposition of any economic benef}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8858344 it of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  international company at any futu}{\fs24\lang2057\langfe5129\langnp2057\insrsid8858344 re time to}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  satisfy those debts.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par (2) Nothing in section 54B, as enacted by subsection}{\fs24\lang2057\langfe5129\langnp2057\insrsid8858344  (1) of this section}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 , shall invalidate any transaction arra}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8858344 ngement or}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  dealing entered into or performed in accordance wit}{\fs24\lang2057\langfe5129\langnp2057\insrsid8858344 h section }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (6) of section 217 of the principal Act prior to the}{\fs24\lang2057\langfe5129\langnp2057\insrsid12717101  coming into}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  force of this Act, n}{\fs24\lang2057\langfe5129\langnp2057\insrsid12717101 or shall anything in section 54B require the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 issue of a prospectu}{\fs24\lang2057\langfe5129\langnp2057\insrsid8858344 s in respect of any such transaction, }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
arrangement or dealing.
\par 
\par 35. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid15163649 Rights of holders of classes of sha}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15163649\charrsid15163649 res}{\fs24\lang2057\langfe5129\langnp2057\insrsid15163649  - }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Section 55 of the principal A}{\fs24\lang2057\langfe5129\langnp2057\insrsid10235026 ct is amended by adding the fol}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 lowing subsection}{\fs24\lang2057\langfe5129\langnp2057\insrsid10235026 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid10235026\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15163649 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (7) The issue of:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid15163649 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid15163649 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a) a Table B Debenture; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15163649 {\fs24\lang2057\langfe5129\langnp2057\insrsid15163649 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid15163649 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b) shares carrying rights of forfeiture pursuant to section 43(3)(k),
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid15163649 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15163649 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
by an international company shall be deemed to be a variation of the rights of any other }{\fs24\lang2057\langfe5129\langnp2057\insrsid12717101 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
hares issued by the international company to which the holders of those shares may object and the provisions of this section shall apply mutatis mutandis }{\fs24\lang2057\langfe5129\langnp2057\insrsid12717101 t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 o such deemed variation.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid15163649 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 36.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid2120228 Numbering of shares}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Section 62 of th}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2120228 e principal Act is}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  repealed.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2120228 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 37. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid2120228 Instruments of transfer}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid2120228  Section 66 of the principal }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Act is amended by}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2120228  -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2120228 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2120228 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a) Inserting in subsection (1) after the words }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Except in the case of}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the words}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 hare warrants}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ; and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2120228 {\fs24\lang2057\langfe5129\langnp2057\insrsid2120228 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2120228 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b) Repealing subsection (3) and substituting the following subsection:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid2120228 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2120228 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (3)}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2120228  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Bearer shares and share wa}{\fs24\lang2057\langfe5129\langnp2057\insrsid2120228 r}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 rants issued to bearer shall be transfe}{\fs24\lang2057\langfe5129\langnp2057\insrsid2120228 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
able in the manner described in sectio}{\fs24\lang2057\langfe5129\langnp2057\insrsid2120228 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 s 35 and 36, respectively.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid2120228 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 38. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid15561604 Filing of charges}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid15561604  Section 72 of the principal Act is amended by -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15561604 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15561604 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a) Repealing subsection (1) and substituting the following subsection:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15561604 {\fs24\lang2057\langfe5129\langnp2057\insrsid15561604 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid15561604 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15561604 (1) }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
Subject to this Division, where a charge to which this section applies is created by an international company, the company or any other person interested in the charge may cause to be lodged with the Registrar for filing within 42 days after the cre
ation of the charge }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid15561604 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid15561604 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(a) A copy of the instrument, if any, by which the charge is created or evidenced;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15561604 {\fs24\lang2057\langfe5129\langnp2057\insrsid15561604 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid15561604 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b) A statement giving a short }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15561604 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 escription of}{\fs24\lang2057\langfe5129\langnp2057\insrsid15561604  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the nature of the instrument by which the charge was created, the pro}{\fs24\lang2057\langfe5129\langnp2057\insrsid15561604 perty charged,}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the amount thereby secured, and the names}{\fs24\lang2057\langfe5129\langnp2057\insrsid15561604  of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
chargees or persons }{\fs24\lang2057\langfe5129\langnp2057\insrsid15561604 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ntitled to the benefit thereof.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid2566436 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2566436 {\fs24\lang2057\langfe5129\langnp2057\insrsid2566436 (b) Inserting after subsection (1) the following subsection:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid2566436 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2566436 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid2566436 (1A) }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Where any charge to wh}{\fs24\lang2057\langfe5129\langnp2057\insrsid2566436 ich this section}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 applies is not filed w}{\fs24\lang2057\langfe5129\langnp2057\insrsid2566436 ith the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Registrar pursuant to the}{\fs24\lang2057\langfe5129\langnp2057\insrsid2566436 
 subsection (1), the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  charge shall, so f}{\fs24\lang2057\langfe5129\langnp2057\insrsid2566436 ar as any}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 security on the compan}{\fs24\lang2057\langfe5129\langnp2057\insrsid2566436 y}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid2566436 s property or }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 undertaking is conferre}{\fs24\lang2057\langfe5129\langnp2057\insrsid2566436 d thereby, but}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 without prejudice to an}{\fs24\lang2057\langfe5129\langnp2057\insrsid12717101 y}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid2566436 
contract or obligation for repayment of the money }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 thereby secured, be voi}{\fs24\lang2057\langfe5129\langnp2057\insrsid2566436 d against a}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  liquidator and any cred}{\fs24\lang2057\langfe5129\langnp2057\insrsid2566436 itor of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  company}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid2566436 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2566436 {\fs24\lang2057\langfe5129\langnp2057\insrsid2566436 (c) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
Repealing subsection (3) and substi}{\fs24\lang2057\langfe5129\langnp2057\insrsid2566436 tuting the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  following subsection:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid2566436 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2566436 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(3) The charges to which this sect}{\fs24\lang2057\langfe5129\langnp2057\insrsid12717101 ion applies are}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  all charges (including any cha}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12717101 rge securing a}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  contingent debt or obligation) }{\fs24\lang2057\langfe5129\langnp2057\insrsid12717101 whether fixed }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 or floating on any asset of an}{\fs24\lang2057\langfe5129\langnp2057\insrsid12717101  international}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  company.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid2566436 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid9203384 {\fs24\lang2057\langfe5129\langnp2057\insrsid9203384 (d) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
Omitting from subsection (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid9203384  the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9203384 shall}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9203384  and}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  substituting the word }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 may}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid2566436 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid9203384 {\fs24\lang2057\langfe5129\langnp2057\insrsid9203384 (e) Omitting from subsection (6}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 )}{\fs24\lang2057\langfe5129\langnp2057\insrsid9203384  the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9203384 shall}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid9203384 and }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 may}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11343668\charrsid11343668 
\par }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9840350\charrsid11343668 39. }{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid9840350\charrsid11343668 Duty to file charges and filing of pre-existing charges}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9840350\charrsid11343668  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10828533\charrsid11343668 -}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9840350\charrsid11343668  }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11343668 S}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9840350\charrsid11343668 ections 73 and 74 of the principal Act are repealed and the following sections substituted:}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9263025\charrsid11343668 
\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid9840350 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid11343668 73. }{
\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid11343668 Filing of pre}{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid11343668 -}{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid11343668 
existing charges}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid11343668  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10828533\charrsid11343668 -}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9840350\charrsid11343668 
 (1) Where an }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid11343668 international company acquires any proper}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11343668 ty which is}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid11343668  subject to a charge of any such kind as m}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11343668 ay, if it had}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid11343668  been creat}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9840350\charrsid11343668 ed by the company after acquisition of the }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid11343668 property, have been filed under this Divi}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9840350\charrsid11343668 sion, the}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid11343668  company or any other person interested in}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11343668  the charge}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid11343668  may cause:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9840350\charrsid11343668 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid9840350 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9840350\charrsid11343668 (a) }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid11343668 A copy of the instrument, if a}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9840350\charrsid11343668 ny, by which}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid11343668  the charge is created or evide}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9840350\charrsid11343668 nced; or}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid11343668 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9840350 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9840350\charrsid11343668 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid9840350 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9840350\charrsid11343668 (b) }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid11343668 a statement giving a short des}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11343668 cription of}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid11343668 
 the nature of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  instrument b}{\fs24\lang2057\langfe5129\langnp2057\insrsid9840350 y which the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 charge was created, the proper}{\fs24\lang2057\langfe5129\langnp2057\insrsid9840350 ty charged, the amount thereby secured, and the names }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 of the chargees or persons ent}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9840350 itled to the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  benefit thereof,
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid9840350 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid9840350 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 to be lodged with the Registrar for filing }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7607598 within 42 }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 days after the date on which the acquisiti}{\fs24\lang2057\langfe5129\langnp2057\insrsid9840350 on is}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  effected.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid9840350 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid7565669 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(2) Where any charge to which this section applies is not filed with the Registrar pursuant to }{\fs24\lang2057\langfe5129\langnp2057\insrsid7565669 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
ubsection (1), the charge shall, so far as any security on the company}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
s property or undertaking is conferred thereby, but without prejudice to any contract or obligation for repayment of the money thereby secured, be void against a liquidator and any creditor of the company.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid7565669 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid7565669 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 74. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid7565669 
Filing of charges b}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid7565669\charrsid7565669 y}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid7565669  foreign compa}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid7565669\charrsid7565669 
nies which}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid7565669  become registered under this Act}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid10828533  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  (1}{\fs24\lang2057\langfe5129\langnp2057\insrsid7565669 ) This section}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  applies to charges by foreign companies }{\fs24\lang2057\langfe5129\langnp2057\insrsid7565669 in respect of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
property situated in the Cook Islands}{\fs24\lang2057\langfe5129\langnp2057\insrsid7565669  if:}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7565669 {\fs24\lang2057\langfe5129\langnp2057\insrsid7565669\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid7565669 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a) the foreign company creat}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7565669 es the charge}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  whilst registered under P}{\fs24\lang2057\langfe5129\langnp2057\insrsid7565669 art X;}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7565669 {\fs24\lang2057\langfe5129\langnp2057\insrsid7565669 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid7565669 {\fs24\lang2057\langfe5129\langnp2057\insrsid7565669 (b) the foreign company has previously }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 created the charge prior }{\fs24\lang2057\langfe5129\langnp2057\insrsid7565669 to registration, }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
but subsequently register}{\fs24\lang2057\langfe5129\langnp2057\insrsid7565669 s under Part X.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid7565669 {\fs24\lang2057\langfe5129\langnp2057\insrsid7565669 (2) In respect of such a charge:}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid7565669 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid7565669 {\fs24\lang2057\langfe5129\langnp2057\insrsid7565669 (a) the company or any other person interested in the charge may cause:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid7565669\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid7565669 {\fs24\lang2057\langfe5129\langnp2057\insrsid7565669 (i) A copy of the instrument, if }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 any, by which th}{\fs24\lang2057\langfe5129\langnp2057\insrsid7565669 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7565669 charge is }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 created or evide}{\fs24\lang2057\langfe5129\langnp2057\insrsid7565669 nced; or}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid7565669 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid7565669 {\fs24\lang2057\langfe5129\langnp2057\insrsid7565669 (ii) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 a statement givi}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7565669 ng}{\fs24\lang2057\langfe5129\langnp2057\insrsid13451859  a short}{\fs24\lang2057\langfe5129\langnp2057\insrsid8788689  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
description of t}{\fs24\lang2057\langfe5129\langnp2057\insrsid13451859 he nature}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid13451859 of the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 instrument by wh}{\fs24\lang2057\langfe5129\langnp2057\insrsid13451859 ich the charge}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  was created, the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13451859  property}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  charged, the amo}{\fs24\lang2057\langfe5129\langnp2057\insrsid13451859 unt thereby}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  secured, and the }{\fs24\lang2057\langfe5129\langnp2057\insrsid13451859 names of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 chargees or pers}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13451859 ons entitled to}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the benefit ther}{\fs24\lang2057\langfe5129\langnp2057\insrsid13451859 eof,}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13451859 {\fs24\lang2057\langfe5129\langnp2057\insrsid13451859\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid13985699 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 to be lodged with the }{\fs24\lang2057\langfe5129\langnp2057\insrsid13451859 
Registrar for }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 filing within 42 days }{\fs24\lang2057\langfe5129\langnp2057\insrsid13451859 after the date on which the charge was created where }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the charge was create}{\fs24\lang2057\langfe5129\langnp2057\insrsid13451859 d whilst the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  foreign company was r}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13451859 egistered under}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Part X, and within 42 }{\fs24\lang2057\langfe5129\langnp2057\insrsid13451859 days after }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 registration of the f}{\fs24\lang2057\langfe5129\langnp2057\insrsid13451859 oreign company}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  under Part X where th}
{\fs24\lang2057\langfe5129\langnp2057\insrsid13451859 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid7607598 charge was }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 created prior to regi}{\fs24\lang2057\langfe5129\langnp2057\insrsid13451859 stration under}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Part X; and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid8218070 {\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the company shall give}
{\fs24\lang2057\langfe5129\langnp2057\insrsid7607598  notice in}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  writing to all other p}{\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 ersons }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 interested in the char}{\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 ge}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  of the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 fact of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 registration of }{\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 the company }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 under Part X of this A}{\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 ct together with a }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
copy of this section}{\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 , and such}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  notice shall be given t}{\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 
o such persons within 15 days of the registration of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  company under Part }{\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 X where the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 charge was created }{\fs24\lang2057\langfe5129\langnp2057\insrsid7607598 prior to the registration and within 15 days of the creation of the charge where the charge was created }{
\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 after }{\fs24\lang2057\langfe5129\langnp2057\insrsid7607598 the }{\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 registration.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 

\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid9373678 {\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 (3) Where, in relation to any charge to which this section applies: -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid9373678 {\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 notice has been given }
{\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 to all persons }{\fs24\lang2057\langfe5129\langnp2057\insrsid12918469 interested in the charge pursuant to }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 paragraph (b) of subse}
{\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 ction (1);
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9373678 {\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid9373678 {\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the charge is not file}
{\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 d with the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Registrar pursuant to }{\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 paragraph (a) of subsection}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  (1), the ch}{\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 arge shall, so far as}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  any security on the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 company}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 s property }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
is conferred thereby, }{\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 and without }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 prejudice to }{\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 an}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 y contr}{\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 act or obligation for repayment of the money thereby }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 secured, be void again}{\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 st a liquidator}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid12918469 and }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 any creditor of the co}{\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 mpany.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid9373678 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (4) Where, in relation to any charge to which this section applies, 
notice is not given to all persons interested in the charge purs}{\fs24\lang2057\langfe5129\langnp2057\insrsid8218070 uant to}{\fs24\lang2057\langfe5129\langnp2057\insrsid2124921  paragraph }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b) of subsection (1), the company an}{\fs24\lang2057\langfe5129\langnp2057\insrsid12918469 d every officer in}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 default shall be guilty of an offence }{\fs24\lang2057\langfe5129\langnp2057\insrsid12918469 against this Act }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 and shall be liable upon conviction t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12918469 o a fine not}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  exceeding $50,000.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9373678 {\fs24\lang2057\langfe5129\langnp2057\insrsid2124921 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid9373678 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (5) Nothing in this section sha}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9373678 ll render void any}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  charge to which this section appl}{\fs24\lang2057\langfe5129\langnp2057\insrsid9373678 i}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 es }{\fs24\lang2057\langfe5129\langnp2057\insrsid9373678 where notice has }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 not been given by the company to all}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9373678  other persons }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 interested in the charge pursuant to }{\fs24\lang2057\langfe5129\langnp2057\insrsid9373678 paragraph (b) of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 subsection (1).}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid9373678 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 40.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid3440153 Ap}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid3440153\charrsid3440153 p}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid3440153 lication of Division}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Section 8}{\fs24\lang2057\langfe5129\langnp2057\insrsid12918469 0}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid3440153 of the principal }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
Act is repealed and the following section subs}{\fs24\lang2057\langfe5129\langnp2057\insrsid3440153 tituted:}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3440153 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid3440153 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
80. (1) A reference in this Divisio}{\fs24\lang2057\langfe5129\langnp2057\insrsid3440153 n to an international company shall be read as including a reference to a foreign company registered under this A
ct, but nothing in this Division applies to a charge of a foreign company on property outside the Cook Islands.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid3440153 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid3440153 {\fs24\lang2057\langfe5129\langnp2057\insrsid3440153 
(2) Nothing in this Division shall require a foreign company to file any charge until the foreign company is registered under Part X of this Act.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid3440153 

\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid3440153 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 41. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid3440153 Publication of name}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Section 82 of }{\fs24\lang2057\langfe5129\langnp2057\insrsid3440153 the principal Act is }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 amended repealing subsection (2).
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3440153 
\par 42. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid3440153 Disclosure of interest in contracts, property, offices etc.}{\fs24\lang2057\langfe5129\langnp2057\insrsid3440153  }{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3440153  }{\fs24\lang2057\langfe5129\langnp2057\insrsid16540460 Section 88 of the principal Act is amended by -}{\fs24\lang2057\langfe5129\langnp2057\insrsid3440153\charrsid3440153 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3440153 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10833772 {\fs24\lang2057\langfe5129\langnp2057\insrsid10833772 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
Omitting from subsection (1) the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 every director of the company}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  and substituting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 every director of a company}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid10833772 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10833772 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b) Repealing subsections (9) and (10) and substituting the following subsection:

\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid10833772 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10828533 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (9) Where:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10828533 {\fs24\lang2057\langfe5129\langnp2057\insrsid10833772 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid10828533 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a) any contract is entered into }{
\fs24\lang2057\langfe5129\langnp2057\insrsid12918469 in contravention }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 of this section: and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10828533 {\fs24\lang2057\langfe5129\langnp2057\insrsid10833772 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid10828533 {\fs24\lang2057\langfe5129\langnp2057\insrsid10833772 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
any party to that contract ca}{\fs24\lang2057\langfe5129\langnp2057\insrsid10833772 nnot established }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 on the balance of probabiliti}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10833772 es}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid10833772 that he did }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 not have actual knowledge or }{\fs24\lang2057\langfe5129\langnp2057\insrsid10833772 suspect at the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
time of entering the contract }{\fs24\lang2057\langfe5129\langnp2057\insrsid10833772 that the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 contract was entered into by }{\fs24\lang2057\langfe5129\langnp2057\insrsid12918469 
any other party }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 in contravention of this sect}{\fs24\lang2057\langfe5129\langnp2057\insrsid10833772 ion,}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10828533 {\fs24\lang2057\langfe5129\langnp2057\insrsid10833772\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10828533 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 then the contract shall be voidable at }{
\fs24\lang2057\langfe5129\langnp2057\insrsid12918469 the absolute }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 discretion of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 company as against t}{\fs24\lang2057\langfe5129\langnp2057\insrsid12918469 hat party and}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 all of the profits earned or derived by the contract shall be payable to the c}{\fs24\lang2057\langfe5129\langnp2057\insrsid12918469 ompany together}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  with such other
 compensation as a Court }{\fs24\lang2057\langfe5129\langnp2057\insrsid12918469 may think just }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 in the circumstances.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid5312305\charrsid12132528 
\par }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid14962541 43. }{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid14962541 Code for the establishment of}{
\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid5312305\charrsid14962541  liabilities of officers}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid14962541 -}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid14962541 
 Section 89 of the principal Act is repealed a}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5312305\charrsid14962541 nd the following}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid14962541  section substituted }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid14962541 -}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid14962541 
\par }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5312305\charrsid14962541 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid5312305 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid14962541 89. (}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5312305\charrsid14962541 1) An officer of an international company shall }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid14962541 at all times act for a proper purpose a}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5312305\charrsid14962541 nd honestly.}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid14962541 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5312305\charrsid14962541 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid5312305 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid14962541 (2) An officer of an internationa}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5312305\charrsid14962541 l company shall}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid14962541  not make improper use of his}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  position a}{\fs24\lang2057\langfe5129\langnp2057\insrsid14962541 s an officer to}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 gain, directly or indirectly, an advant}{\fs24\lang2057\langfe5129\langnp2057\insrsid5312305 age for himself}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  or for any other per}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5312305 son or to cause detriment to the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 international company.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid5312305 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid5312305 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(3) An officer of an international company is obliged to use such diligence as might reaso}{\fs24\lang2057\langfe5129\langnp2057\insrsid5312305 nably be }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 expected of a}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14962541  person of his knowledge and experience in the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 performance of his duties as such an officer, }{
\fs24\lang2057\langfe5129\langnp2057\insrsid14962541 having regard }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 to the requirements and business activities}{\fs24\lang2057\langfe5129\langnp2057\insrsid14962541  of the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  international company.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid5312305 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid5312305 {\fs24\lang2057\langfe5129\langnp2057\insrsid5312305 (4) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
Nothing in this section shall}{\fs24\lang2057\langfe5129\langnp2057\insrsid5312305  preclude -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid5312305 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid5312305 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a) the right }{\fs24\lang2057\langfe5129\langnp2057\insrsid14962541 of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 an international company to impose, in its articles or by contract, obligations and duties on its officers in addition to the obligations and duties imposed in this section;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5312305 {\fs24\lang2057\langfe5129\langnp2057\insrsid5312305 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid5312305 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b) the right of the members o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5312305 f an international company to ra}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 tif}{\fs24\lang2057\langfe5129\langnp2057\insrsid5312305 y by special resolution the cond}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 uct of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid5312305  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 officers notwithstanding t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14962541 hat such}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  conduct may contravene thi}{\fs24\lang2057\langfe5129\langnp2057\insrsid5312305 s section or}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the memorandum and article}{\fs24\lang2057\langfe5129\langnp2057\insrsid9705072 s; and}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid9705072 {\fs24\lang2057\langfe5129\langnp2057\insrsid9705072 (c) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
an international company e}{\fs24\lang2057\langfe5129\langnp2057\insrsid14962541 ntering into a}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  contract of insurance or i}{\fs24\lang2057\langfe5129\langnp2057\insrsid9705072 
ndemnity or any}{\fs24\lang2057\langfe5129\langnp2057\insrsid14962541  other similar contractual obligation with or }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 for the benefit of any}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9705072  officer.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid9705072 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15027347 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (5) Notwithstanding that the oblig}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9705072 ations and}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  duties of the officers of an }{\fs24\lang2057\langfe5129\langnp2057\insrsid9705072 international company are}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  owed to the company, the company and any}{\fs24\lang2057\langfe5129\langnp2057\insrsid9705072  other person }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
affected by any breach of those duties a}{\fs24\lang2057\langfe5129\langnp2057\insrsid14962541 nd liabilities}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  may commence any civil proceedings again}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14962541 st the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  officers: Provided that, in the case of }{\fs24\lang2057\langfe5129\langnp2057\insrsid14962541 any proceedings }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 commenced by any person other than the c}{\fs24\lang2057\langfe5129\langnp2057\insrsid14962541 ompany such }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
proceedings shall be commenced only with the court and only if:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15027347 {\fs24\lang2057\langfe5129\langnp2057\insrsid9705072 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid15027347 {\fs24\lang2057\langfe5129\langnp2057\insrsid3833020 (a) the Court is satisfied that a strong }{
\fs24\lang2057\langfe5129\langnp2057\insrsid3833020\charrsid12132528 prima facie case exis}{\fs24\lang2057\langfe5129\langnp2057\insrsid3833020 ts against the}{\fs24\lang2057\langfe5129\langnp2057\insrsid3833020\charrsid12132528  officers; and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15027347 {\fs24\lang2057\langfe5129\langnp2057\insrsid3833020 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid15027347 {\fs24\lang2057\langfe5129\langnp2057\insrsid3833020 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid3833020\charrsid12132528 the person commencing }
{\fs24\lang2057\langfe5129\langnp2057\insrsid14962541 the proceedings }{\fs24\lang2057\langfe5129\langnp2057\insrsid3833020\charrsid12132528 pays into Court such}{\fs24\lang2057\langfe5129\langnp2057\insrsid3833020  amount determined by the Court as}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2307994  security for the costs and expenses of any other party to the proceedings;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15027347 {\fs24\lang2057\langfe5129\langnp2057\insrsid3833020\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15027347 {\fs24\lang2057\langfe5129\langnp2057\insrsid3833020\charrsid12132528 and any net financial benefit derived }{
\fs24\lang2057\langfe5129\langnp2057\insrsid14962541 from such }{\fs24\lang2057\langfe5129\langnp2057\insrsid3833020\charrsid12132528 proceedings shall be payable to or oth}{\fs24\lang2057\langfe5129\langnp2057\insrsid2307994 erwise applied in}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3833020\charrsid12132528  favour of the company.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15027347 {\fs24\lang2057\langfe5129\langnp2057\insrsid2307994 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15027347 {\fs24\lang2057\langfe5129\langnp2057\insrsid3833020\charrsid12132528 (6) Subject to subsection (4), t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15027347 his Division}{\fs24\lang2057\langfe5129\langnp2057\insrsid3833020\charrsid12132528  constitutes a codification of the duti}{\fs24\lang2057\langfe5129\langnp2057\insrsid15027347 es and }{
\fs24\lang2057\langfe5129\langnp2057\insrsid3833020\charrsid12132528 obligations of officers of internation}{\fs24\lang2057\langfe5129\langnp2057\insrsid15027347 al companies and }{\fs24\lang2057\langfe5129\langnp2057\insrsid3833020\charrsid12132528 
no further duties or obligations to an}{\fs24\lang2057\langfe5129\langnp2057\insrsid15027347 y persons}{\fs24\lang2057\langfe5129\langnp2057\insrsid3833020\charrsid12132528  (includ}{\fs24\lang2057\langfe5129\langnp2057\insrsid15027347 ing the credit
ors of the international company) }{\fs24\lang2057\langfe5129\langnp2057\insrsid3833020\charrsid12132528 shall be created, expressly or by impl}{\fs24\lang2057\langfe5129\langnp2057\insrsid15027347 ication, by any}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3833020\charrsid12132528  rule of}{\fs24\lang2057\langfe5129\langnp2057\insrsid15027347  common law or equity; save that nothing }{\fs24\lang2057\langfe5129\langnp2057\insrsid14962541 herein }{
\fs24\lang2057\langfe5129\langnp2057\insrsid3833020\charrsid12132528 shall preclude the Court from referrin}{\fs24\lang2057\langfe5129\langnp2057\insrsid15027347 g to}{\fs24\lang2057\langfe5129\langnp2057\insrsid3833020\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid14962541 the rules of }{\fs24\lang2057\langfe5129\langnp2057\insrsid3833020\charrsid12132528 common law or equity to assist in}{\fs24\lang2057\langfe5129\langnp2057\insrsid9718474  interpreting the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3833020\charrsid12132528  provisions of this section.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid3833020\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid3833020 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 44. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid15027347 Limitation of liability of officers}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid15027347  }{\fs24\lang2057\langfe5129\langnp2057\insrsid9718474 The principal }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Act is further a}{\fs24\lang2057\langfe5129\langnp2057\insrsid15027347 mended by inserting after section 89 the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
following section }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15027347\charrsid9718474 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15027347 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid9718474 
89A. (1) Notwithstanding any other }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9718474 provisions of this }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid9718474 Act, no relevant person shall in the }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9718474 performance of any}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid9718474  obligations, duties, services or other }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid9718474 
activities for }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid9718474 or on }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15027347\charrsid9718474 behalf of an international company:}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid9718474 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15027347 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15027347\charrsid9718474 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid15026642 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15026642\charrsid9718474 (a) }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid9718474 be liable for any penalty unde}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15026642\charrsid9718474 r this Act}{\fs24\lang2057\langfe5129\langnp2057\insrsid15026642  other}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  than where such penalty arises }{\fs24\lang2057\langfe5129\langnp2057\insrsid15026642 by reason of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
wilful misconduct, wilful defa}{\fs24\lang2057\langfe5129\langnp2057\insrsid15026642 ult or wilful}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  neglect of the relevant person;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid15026642 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid15026642 {\fs24\lang2057\langfe5129\langnp2057\insrsid15026642 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
incur any tortious liability }{\fs24\lang2057\langfe5129\langnp2057\insrsid9718474 arising otherwise }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 than by reason of the wilful m}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9718474 isconduct, wilful}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  default or wilful neglect of t}{\fs24\lang2057\langfe5129\langnp2057\insrsid9718474 he relevant}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  person, unless the articles of}{\fs24\lang2057\langfe5129\langnp2057\insrsid9718474  the company}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 provide for such liability;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid15026642 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid15026642 {\fs24\lang2057\langfe5129\langnp2057\insrsid15026642 (c) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 be 
liable for any breach o}{\fs24\lang2057\langfe5129\langnp2057\insrsid15026642 f trust or other }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 equitable obligation other tha}{\fs24\lang2057\langfe5129\langnp2057\insrsid15026642 
n where the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  relevant person had actual kno}{\fs24\lang2057\langfe5129\langnp2057\insrsid15026642 wledge }{\fs24\lang2057\langfe5129\langnp2057\insrsid9718474 of and }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 knowingly assisted in such bre}{\fs24\lang2057\langfe5129\langnp2057\insrsid15026642 ach, unless the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 articles of the company provid}{\fs24\lang2057\langfe5129\langnp2057\insrsid15026642 e for such}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  liability;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15026642 {\fs24\lang2057\langfe5129\langnp2057\insrsid15026642 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid15026642 {\fs24\lang2057\langfe5129\langnp2057\insrsid6510451 (d) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
shall in the absence of wilful }{\fs24\lang2057\langfe5129\langnp2057\insrsid6510451 misconduct, wilful }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 default or wilful negle}{\fs24\lang2057\langfe5129\langnp2057\insrsid6510451 
ct, incur any}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  liability (whether tortious, c}{\fs24\lang2057\langfe5129\langnp2057\insrsid6510451 ontractual, equitable }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 or otherwise) by rea}{\fs24\lang2057\langfe5129\langnp2057\insrsid6510451 son only that the}{\fs24\lang2057\langfe5129\langnp2057\insrsid8788689  company incurs any debts or }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15081963 obligations or continues to carry on business at a time when}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the company is unable to meet}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15026642  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 its}{\fs24\lang2057\langfe5129\langnp2057\insrsid15081963  obligations to its}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  creditors as they fall}{\fs24\lang2057\langfe5129\langnp2057\insrsid15026642  due.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10828533 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) For the purposes of }{\fs24\lang2057\langfe5129\langnp2057\insrsid750576 
paragraph (c) of}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  subsection (1) no inference shall be }{\fs24\lang2057\langfe5129\langnp2057\insrsid5530577 made as to the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 knowledge of a relevant person by rea}{\fs24\lang2057\langfe5129\langnp2057\insrsid750576 son of any failure}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 to make inquiries in relation to the }{\fs24\lang2057\langfe5129\langnp2057\insrsid5530577 activities of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 company or the source of any of the f}{
\fs24\lang2057\langfe5129\langnp2057\insrsid750576 unds or assets}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  received by the company or by reason }{\fs24\lang2057\langfe5129\langnp2057\insrsid5530577 of upholding any }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 obligation as to confidentiality prov}{\fs24\lang2057\langfe5129\langnp2057\insrsid750576 ided by this Act.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 

\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid750576 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10828533 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 For the purposes of this se}{\fs24\lang2057\langfe5129\langnp2057\insrsid750576 ction }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid750576 relevant}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  person}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  means:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid750576 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10828533 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid750576\charrsid12132528 
a resident director;}{\fs24\lang2057\langfe5129\langnp2057\insrsid750576 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid750576 {\fs24\lang2057\langfe5129\langnp2057\insrsid750576 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10828533 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid750576\charrsid12132528 
a resident secretary;}{\fs24\lang2057\langfe5129\langnp2057\insrsid750576 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid750576 {\fs24\lang2057\langfe5129\langnp2057\insrsid750576 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10828533 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (c)}{\fs24\lang2057\langfe5129\langnp2057\insrsid750576\charrsid750576  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid750576\charrsid12132528 a trustee company, a}{\fs24\lang2057\langfe5129\langnp2057\insrsid750576  subsidiary of a}{\fs24\lang2057\langfe5129\langnp2057\insrsid750576\charrsid12132528  trustee}{
\fs24\lang2057\langfe5129\langnp2057\insrsid750576  }{\fs24\lang2057\langfe5129\langnp2057\insrsid750576\charrsid12132528 company and }{\fs24\lang2057\langfe5129\langnp2057\insrsid750576 any officer }{
\fs24\lang2057\langfe5129\langnp2057\insrsid750576\charrsid12132528 thereof;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10828533 {\fs24\lang2057\langfe5129\langnp2057\insrsid750576 (d) }{\fs24\lang2057\langfe5129\langnp2057\insrsid5530577 a}{
\fs24\lang2057\langfe5129\langnp2057\insrsid750576\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid5530577 nominee or representative of any of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid750576\charrsid12132528 person}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5530577 s referred to in}{\fs24\lang2057\langfe5129\langnp2057\insrsid750576\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid5530577 (a), (b) or (c) hereof.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5530577 {\fs24\lang2057\langfe5129\langnp2057\insrsid5530577 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid5530577 {\fs24\lang2057\langfe5129\langnp2057\insrsid5530577 (e) any person }{\fs24\lang2057\langfe5129\langnp2057\insrsid750576\charrsid12132528 acting on }{
\fs24\lang2057\langfe5129\langnp2057\insrsid750576 the instructions or }{\fs24\lang2057\langfe5129\langnp2057\insrsid750576\charrsid12132528 under the authorit}{\fs24\lang2057\langfe5129\langnp2057\insrsid750576 y (whether}{
\fs24\lang2057\langfe5129\langnp2057\insrsid750576\charrsid12132528  general or specific)}{\fs24\lang2057\langfe5129\langnp2057\insrsid750576  of any of the persons referred to in (a), (b) or (c) }{
\fs24\lang2057\langfe5129\langnp2057\insrsid750576\charrsid12132528 hereof}{\fs24\lang2057\langfe5129\langnp2057\insrsid750576 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid750576 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 45. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid8674461 Annual general meeting}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Section 92 Act is amended by repealing subsection (6) and }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5337123 substituting the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 following subsection:
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid8674461 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid8674461 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (6) No}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8674461 twithstanding any other provision of this Act, }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 an international company need not }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid8674461 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid8674461 {\fs24\lang2057\langfe5129\langnp2057\insrsid8674461 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
hold any particular annual gen}{\fs24\lang2057\langfe5129\langnp2057\insrsid8674461 eral meeting if}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  all members entitled to attend }{
\fs24\lang2057\langfe5129\langnp2057\insrsid8674461 that meeting }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 agree thereto in writing, and }{\fs24\lang2057\langfe5129\langnp2057\insrsid8674461 in such event a }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 resolution in writing dealing}{\fs24\lang2057\langfe5129\langnp2057\insrsid8674461  with -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid8674461 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid8674461 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (i) the matters required by th}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8674461 is Act to be}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  dealt with and disposed of }{\fs24\lang2057\langfe5129\langnp2057\insrsid8674461 at an annual general meeting of an }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 inte}{\fs24\lang2057\langfe5129\langnp2057\insrsid8674461 rnational}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  company; and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid8674461 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid8674461 {\fs24\lang2057\langfe5129\langnp2057\insrsid8674461 (ii) such other matters, if any, as may in terms of subsection (2) be dealt with at such meeting,

\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid8674461 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10828533 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 and which is signed by all me}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5337123 mbers entitled to}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  vote at that meeting, before t}{\fs24\lang2057\langfe5129\langnp2057\insrsid5337123 he expiration of}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the period within which that m}{\fs24\lang2057\langfe5129\langnp2057\insrsid5337123 eeting is to be}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 held, shall be deemed to be a }{\fs24\lang2057\langfe5129\langnp2057\insrsid5337123 resolution passed }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 at an annual general meeting o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5337123 f the company}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  held in terms of this section}{\fs24\lang2057\langfe5129\langnp2057\insrsid8674461  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5337123 on the date on }{\fs24\lang2057\langfe5129\langnp2057\insrsid8674461 which the last signature to such resolution is }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 affixed; or

\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid8674461 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10828533 {\fs24\lang2057\langfe5129\langnp2057\insrsid8674461 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
hold any annual general meetin}{\fs24\lang2057\langfe5129\langnp2057\insrsid8674461 gs if all the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  members of the company at any }{\fs24\lang2057\langfe5129\langnp2057\insrsid8674461 
time agree }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 thereto in writing, and in suc}{\fs24\lang2057\langfe5129\langnp2057\insrsid8674461 h a case none of all}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the matters required by this A}{\fs24\lang2057\langfe5129\langnp2057\insrsid8674461 ct to be dealt}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 with and disposed of at an ann}{\fs24\lang2057\langfe5129\langnp2057\insrsid8674461 ual general meeting of an international company shall apply:}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid9905029 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10828533 {\fs24\lang2057\langfe5129\langnp2057\insrsid9905029\charrsid12132528 Provided that if any member}{\fs24\lang2057\langfe5129\langnp2057\insrsid5337123 
 of the company by}{\fs24\lang2057\langfe5129\langnp2057\insrsid9905029\charrsid12132528  notice in writing to the}{\fs24\lang2057\langfe5129\langnp2057\insrsid9905029  co}{\fs24\lang2057\langfe5129\langnp2057\insrsid5337123 mpany requires}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9905029  future annual general }{\fs24\lang2057\langfe5129\langnp2057\insrsid9905029\charrsid12132528 meetings }{\fs24\lang2057\langfe5129\langnp2057\insrsid5337123 to}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9905029\charrsid12132528  be held}{\fs24\lang2057\langfe5129\langnp2057\insrsid8596029 ,}{\fs24\lang2057\langfe5129\langnp2057\insrsid9905029\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5337123 such }{\fs24\lang2057\langfe5129\langnp2057\insrsid9905029\charrsid12132528 meetings shall be held }{\fs24\lang2057\langfe5129\langnp2057\insrsid5337123 and }{
\fs24\lang2057\langfe5129\langnp2057\insrsid8596029 the }{\fs24\lang2057\langfe5129\langnp2057\insrsid5337123 first }{\fs24\lang2057\langfe5129\langnp2057\insrsid8596029 of such meetings shall be held }{
\fs24\lang2057\langfe5129\langnp2057\insrsid9905029\charrsid12132528 within 3 months of the receipt of the notice by the company.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9905029\charrsid12132528 
.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid9905029 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 46. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid2174591 Meetings}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Section 96 of the prin}{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591 cipal Act is}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  amended by adding the following subsecti}{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 on-}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2174591 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528 
(4) Unless the articles of an }{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591 international company }{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528 otherwise provide -
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2174591 {\fs24\lang2057\langfe5129\langnp2057\insrsid2174591 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2174591 {\fs24\lang2057\langfe5129\langnp2057\insrsid2174591 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528 
any meeting may be held by }{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591 radio, telephone, }{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528 closed circuit television o}{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591 
r other}{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid9248742 electronic }{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528 means of audio or audio vis}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2174591 ual communication;}{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528  and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2174591 {\fs24\lang2057\langfe5129\langnp2057\insrsid2174591 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2174591 {\fs24\lang2057\langfe5129\langnp2057\insrsid2174591 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528 
the presence of one person }{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591 may constitute a }{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528 meeting; and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2174591 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2174591 {\fs24\lang2057\langfe5129\langnp2057\insrsid2174591 (c) }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528 meeting}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528  shall have the sa}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2174591 me meaning as in}{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528  section 215 of this Act.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 47. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid2174591 Auditors}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591  Section 117 of the principal Act is }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
amended by omitting paragraph (b) and substit}{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591 uting the following }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 paragraph:
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2174591 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528 
(b) the members of the company so }{\fs24\lang2057\langfe5129\langnp2057\insrsid9248742 resolve at each }{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528 annual general meeting of the compa}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10827543 ny that such an}{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528  appointment should not be made, or }{\fs24\lang2057\langfe5129\langnp2057\insrsid9248742 in the case of a }{
\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528 company which pursuant to section 9}{\fs24\lang2057\langfe5129\langnp2057\insrsid9248742 2(6)(b) does not }{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528 
hold an annual general meeting the }{\fs24\lang2057\langfe5129\langnp2057\insrsid9248742 members so agree in }{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528 writing that such an appointment sh}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10827543 ould not be made.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528  In the case of the appointment of a}{\fs24\lang2057\langfe5129\langnp2057\insrsid9248742 n auditor in respect}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10828533  }{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528 of the first audit period of any co}{\fs24\lang2057\langfe5129\langnp2057\insrsid9248742 mpany it shall be}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528  sufficient for the resolution not to}{\fs24\lang2057\langfe5129\langnp2057\insrsid9248742  appoint an auditor to}{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528 
 be passed at the first annual ge}{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591 neral meeting of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528  company.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2174591\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid2174591 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 48. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid3150417 Mode in which objects of company ma}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid3150417\charrsid3150417 y be altered}{\fs24\lang2057\langfe5129\langnp2057\insrsid3150417  }{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid3150417 The }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 principal Act is further amended by insertin}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3150417 g after}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid4669713 section 126G }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the following section }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3150417 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid3150417 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
126GA. (1) Section 19 of this Ac}{\fs24\lang2057\langfe5129\langnp2057\insrsid3150417 t shall not apply to}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Registered Listed Companies and the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3150417  provisions of this}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  section shall apply.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid3150417 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid3150417 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) Subjec}{\fs24\lang2057\langfe5129\langnp2057\insrsid3150417 t to this section, 
}{\fs24\lang2057\langfe5129\langnp2057\insrsid4669713 a Registered Listed }{\fs24\lang2057\langfe5129\langnp2057\insrsid3150417 Company, if }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 so authorised by its ar}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3150417 ticles, may by}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  special resolution alter its }{\fs24\lang2057\langfe5129\langnp2057\insrsid3150417 memorandum with respect to}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the objects of the company.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid3150417 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid6844956 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Where}{\fs24\lang2057\langfe5129\langnp2057\insrsid335944  }{\fs24\lang2057\langfe5129\langnp2057\insrsid4669713 a Registered Listed C}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ompany proposes to so alter its memorandum, it shall g}{\fs24\lang2057\langfe5129\langnp2057\insrsid335944 ive by post 21 days}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 '}{
\fs24\lang2057\langfe5129\langnp2057\insrsid335944  written }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 notice of the proposed spec}{\fs24\lang2057\langfe5129\langnp2057\insrsid335944 ial resolution and}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the }{\fs24\lang2057\langfe5129\langnp2057\insrsid335944 intention to submit it for passing to meeting of the company to be}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  held on a day specified in the notice.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6844956 {\fs24\lang2057\langfe5129\langnp2057\insrsid335944 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid6844956 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (4) The notice shall be given }{
\fs24\lang2057\langfe5129\langnp2057\insrsid16269423 to members and }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 registered debenture holders.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6844956 {\fs24\lang2057\langfe5129\langnp2057\insrsid16269423 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid6844956 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (5) The Court may, in the case }{
\fs24\lang2057\langfe5129\langnp2057\insrsid4669713 of a person or a }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 class of persons for such reasons as}{\fs24\lang2057\langfe5129\langnp2057\insrsid4669713  seem sufficient to}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  it, dispe}{\fs24\lang2057\langfe5129\langnp2057\insrsid16269423 nse with the notice require by subsection (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .

\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16269423\charrsid16261327 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid9126610 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid16261327 (6) An application may be made}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4669713  to the Court for}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid16261327  the cancellation of such a resolutio}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16261327 n -}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid16261327 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid16261327 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid16261327 {\fs24\lang2057\langfe5129\langnp2057\insrsid16261327\charrsid12132528 (a) by}{\fs24\lang2057\langfe5129\langnp2057\insrsid16261327  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid16261327\charrsid12132528 the}{\fs24\lang2057\langfe5129\langnp2057\insrsid16261327  }{\fs24\lang2057\langfe5129\langnp2057\insrsid16261327\charrsid12132528 holders of not}{
\fs24\lang2057\langfe5129\langnp2057\insrsid16261327  less than 10 per}{\fs24\lang2057\langfe5129\langnp2057\insrsid16261327\charrsid12132528  centum in the aggregat}{\fs24\lang2057\langfe5129\langnp2057\insrsid16261327 e of the nominal}{
\fs24\lang2057\langfe5129\langnp2057\insrsid16261327\charrsid12132528  value of the company}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid16261327\charrsid12132528 s}{
\fs24\lang2057\langfe5129\langnp2057\insrsid16261327  }{\fs24\lang2057\langfe5129\langnp2057\insrsid4669713 issued share }{\fs24\lang2057\langfe5129\langnp2057\insrsid16261327\charrsid12132528 capital or any class o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid16261327 f that capital}{\fs24\lang2057\langfe5129\langnp2057\insrsid16261327\charrsid12132528  where the company has }{\fs24\lang2057\langfe5129\langnp2057\insrsid16261327 issued only par }{
\fs24\lang2057\langfe5129\langnp2057\insrsid16261327\charrsid12132528 value }{\fs24\lang2057\langfe5129\langnp2057\insrsid4669713 par value }{\fs24\lang2057\langfe5129\langnp2057\insrsid16261327\charrsid12132528 shares; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16261327 {\fs24\lang2057\langfe5129\langnp2057\insrsid16261327 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid16261327 {\fs24\lang2057\langfe5129\langnp2057\insrsid16261327 (b) by not less than 10 per centum of the company}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid16261327 s members; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16261327 {\fs24\lang2057\langfe5129\langnp2057\insrsid16261327 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid16261327 {\fs24\lang2057\langfe5129\langnp2057\insrsid16261327 (c) by the holders of not less than 10 per centum in nominal value of the company}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid16261327 s debentures,
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16261327 {\fs24\lang2057\langfe5129\langnp2057\insrsid16261327 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid16261327 {\fs24\lang2057\langfe5129\langnp2057\insrsid16261327 and the resolution shall not have effect except in so far as it is confirmed by the Cou
rt or, if no application shall be made to the Court then until that }{\fs24\lang2057\langfe5129\langnp2057\insrsid16261327\charrsid12132528 day being 21 days after the day on wh}{\fs24\lang2057\langfe5129\langnp2057\insrsid16261327 ich the resolution}{
\fs24\lang2057\langfe5129\langnp2057\insrsid16261327\charrsid12132528  was passed.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16261327 {\fs24\lang2057\langfe5129\langnp2057\insrsid16261327 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid5834001 {\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528 (7) The application shall be ma}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 de}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid1381948 within 21 days }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528 after the date on which the resolutio}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 n was passed, and}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528 
 may be made on behalf of the persons}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001  entitled to make the application by such one or more of their number as they appoint }{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528 
in writing for the purpo}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 se.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid16261327 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid5834001 {\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 (8) On }{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528 
the application the Cour}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 t -}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5834001 {\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid5834001 {\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 (a) shall have regard to the rights and }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528 interests of the member }{\fs24\lang2057\langfe5129\langnp2057\insrsid8061708 of the company }{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528 
or of any class of them }{\fs24\lang2057\langfe5129\langnp2057\insrsid8061708 as well as to the }{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528 rights and interests of}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 
 the creditors;}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5834001 {\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid5834001 {\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 (b) may if it thinks fit adjourn the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528 proceedings in order th}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 at an arrangement}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528 
 may be made to the sati}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 sfaction of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528  Court for the purchase of}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 
 interests of}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528  dissenting members;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5834001 {\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid5834001 {\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 (c) }{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528 may give such}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5834001  direction }{\fs24\lang2057\langfe5129\langnp2057\insrsid8061708 and make such }{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 orders as it thinks }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528 exp}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 edient for}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528  facilitating or carryin}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 g into effect}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid8061708 any }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528 such arrangement; and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5834001 {\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid5834001 {\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 (d) }{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528 may make an order cance}
{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 lling the }{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528 resolution }{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 or confirmi}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 g the resolution either }{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528 wholly or in par}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 t and on such terms and co}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528 nditions as}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001  it thinks fit.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5834001\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid16261327 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid5834001 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (9) Notwiths}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 
tanding any other provision of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 this Act, a copy of a resolution altering t}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001 he objects of a }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Registered Listed Company shall not be}{\fs24\lang2057\langfe5129\langnp2057\insrsid8061708  lodged with the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 Registrar before the expiration of 21}{\fs24\lang2057\langfe5129\langnp2057\insrsid5834001  days }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 after the}{\fs24\lang2057\langfe5129\langnp2057\insrsid1273409 
 passing of the resolution o}{\fs24\lang2057\langfe5129\langnp2057\insrsid8061708 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid1273409 
 if any application to the Court has been made, before the application has been determined by the Court (whichever is the later).}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid16261327 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1273409 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(10) A copy of the resolution shall be lodged with the Registrar by the Registered Listed Company within}{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
14 days after the expiration of the 21 days referred to in subsection (9), but if an application has been lodged with the Registrar tog}{\fs24\lang2057\langfe5129\langnp2057\insrsid1273409 e}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ther with a sealed co}{\fs24\lang2057\langfe5129\langnp2057\insrsid1273409 py of the order of the Court, w}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
ithin 14 days}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  after the application has been d}{\fs24\lang2057\langfe5129\langnp2057\insrsid1273409 etermined}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  by the Court.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid1273409 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 49. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid2967233 Alteration of Articles}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid2967233  The principal }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Act is further amended by i}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2967233 nserting after section 126G the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 following section}{\fs24\lang2057\langfe5129\langnp2057\insrsid2967233  -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2967233 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2967233 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
126GB. (1) Section 26 of this Act shall not apply to Registered Listed Companies an}{\fs24\lang2057\langfe5129\langnp2057\insrsid8061708 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the provisions of this section shall apply.

\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid2967233 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2967233 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(2) Subject to this Act, a Registered Listed Company may by special resolution alter or add to its articles.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid2967233 
\par }\pard \ql \fi-720\li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2967233 {\fs24\lang2057\langfe5129\langnp2057\insrsid2967233 (3)\tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(a) A copy of such resolution shall be lodged with the Registrar within 1 month of its being passed or within such further}{\fs24\lang2057\langfe5129\langnp2057\insrsid2967233  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 per
iod as the Registrar may allow.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid2967233 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2967233 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b) Notwithstanding any failu}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2967233 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 e to lodge}{\fs24\lang2057\langfe5129\langnp2057\insrsid2967233  such resolution with the Regist}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 rar the resolution shall be effective from the}{\fs24\lang2057\langfe5129\langnp2057\insrsid2967233  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
date of its passing.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15747141 50. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15747141\charrsid15747141 Premiums received on issue of shares to be share capital and limitation on app}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid15747141 lication thereof}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15747141 Section 126H of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 principal Act is amended by }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15747141 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15747141 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Inserting in subsection (2) after t}{\fs24\lang2057\langfe5129\langnp2057\insrsid8061708 he word}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 issues}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  and before the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 at a}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8061708  premium}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid8061708  the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 shares}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15747141 {\fs24\lang2057\langfe5129\langnp2057\insrsid15747141 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15747141 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Omitting from subsection (3) }{\fs24\lang2057\langfe5129\langnp2057\insrsid15747141 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 he wo}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15747141 rds}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15747141 The }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 premium account}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  and substituting }{
\fs24\lang2057\langfe5129\langnp2057\insrsid8061708 the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid8061708 T}{\fs24\lang2057\langfe5129\langnp2057\insrsid15747141 he}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  share premium account}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid15747141 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 51. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid10366311 Section 126H}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid15747141 
 not to apply to premiums on shares issued pursuant to scheme of acquisition}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Subsect}{\fs24\lang2057\langfe5129\langnp2057\insrsid15747141 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 on (1) of section 126}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8061708 I}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  of the principal Act is amended by o}{\fs24\lang2057\langfe5129\langnp2057\insrsid15747141 m}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 itting the}{\fs24\lang2057\langfe5129\langnp2057\insrsid15747141  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 definition of the term }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 scheme of acquisition}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  and substituting the following definition:
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15747141 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15747141 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 means}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8061708  -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid15747141 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid15747141 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a) any arrangement pursuant to section 126T, 126V or 126W of this Act;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid15747141 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid15747141 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b) any }{\fs24\lang2057\langfe5129\langnp2057\insrsid15747141 
scheme of arrangement approved or}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  ordered by a Court of competent jurisdiction in}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 place in which is located an Approved Stock }{\fs24\lang2057\langfe5129\langnp2057\insrsid15747141 E}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 xchange;

\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid3145951 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid3145951 {\fs24\lang2057\langfe5129\langnp2057\insrsid3145951 (c) }{\fs24\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid12132528 
any sale or arrangement of the w}{\fs24\lang2057\langfe5129\langnp2057\insrsid3145951 h}{\fs24\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid12132528 ole or part of the business or property of a Re}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3145951 gistered Listed }{\fs24\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid12132528 Company to which section 181 of }{\fs24\lang2057\langfe5129\langnp2057\insrsid8061708 t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid12132528 his Act applies;}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid12132528 :
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid3145951 
\par }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid13138708 52. }{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid13138708 Proce}{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13138708 
eds of issue of shares of no}{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid13138708  par value to be stated capita}{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid10366311\charrsid13138708 l}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13138708  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid13138708 -}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13138708 
 The principal Act is further }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid8019222\charrsid13138708 a}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13138708 mended by inserting after section 126K the following section:
\par }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid13138708 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid3145951 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid13138708 
126KA. - (1) Section 41 of this Act }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid13138708 shall not apply }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid13138708 to Registered Listed Co}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid13138708 mpanies and the provisions of }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid13138708 this section shall apply.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3145951 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid13138708 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid6968716 {\fs24\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid12132528 (2) The whole of the proceeds of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid13138708 an issue of }{\fs24\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid12132528 shares having no par value shall be pa}{\fs24\lang2057\langfe5129\langnp2057\insrsid6968716 id-up capital of}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid12132528  a Registered Listed Company and shall}{\fs24\lang2057\langfe5129\langnp2057\insrsid3145951  be }{\fs24\lang2057\langfe5129\langnp2057\insrsid6968716 transferred to an }{
\fs24\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid12132528 account called the }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6968716 s}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid12132528 ated capital }{\fs24\lang2057\langfe5129\langnp2057\insrsid6968716 account}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid10366311 .}
{\fs24\lang2057\langfe5129\langnp2057\insrsid6968716 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6968716 {\fs24\lang2057\langfe5129\langnp2057\insrsid6968716 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid6968716 {\fs24\lang2057\langfe5129\langnp2057\insrsid6968716 
(3) If shares having no par value are issued by a Registered Listed Company for a consideration other than cash, a sum equal to the value of the consideration as determined by the directors shall be transferred to the stated capital account.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3145951 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6968716 {\fs24\lang2057\langfe5129\langnp2057\insrsid6968716\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid6968716 {\fs24\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid12132528 (4) Notwithstanding subsections }{
\fs24\lang2057\langfe5129\langnp2057\insrsid13138708 (2) and (3), the }{\fs24\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid12132528 stated capital account may be applied b}{\fs24\lang2057\langfe5129\langnp2057\insrsid13138708 y a}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid13138708 Registered }{\fs24\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid12132528 Listed Company in writing off -
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3145951 {\fs24\lang2057\langfe5129\langnp2057\insrsid6968716 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid6968716 {\fs24\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid12132528 (a) the preliminary expen}{\fs24\lang2057\langfe5129\langnp2057\insrsid6968716 
ses of the company;}{\fs24\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3145951 {\fs24\lang2057\langfe5129\langnp2057\insrsid6968716 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid6968716 {\fs24\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid12132528 (b) the expe}{\fs24\lang2057\langfe5129\langnp2057\insrsid6968716 
nses of, or the Commission paid on, the creation or issue}{\fs24\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid12132528  of any such shares.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3145951\charrsid12132528 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid3145951 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid3145951 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 53. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid942783 Effect of}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid942783\charrsid942783  conversion of p}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid942783 ar value share capital}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid942783\charrsid942783  into no par value share capital}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid942783  and vice versa}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  The p}{\fs24\lang2057\langfe5129\langnp2057\insrsid942783 rincipal Act is}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 further amended by inserting after section 126KA }{\fs24\lang2057\langfe5129\langnp2057\insrsid13138708 the following }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 section:
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid942783 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid942783 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid942783\charrsid12132528 
126KB. - (1) Section 42 of this Ac}{\fs24\lang2057\langfe5129\langnp2057\insrsid13138708 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid942783\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid13138708 shall not apply }{
\fs24\lang2057\langfe5129\langnp2057\insrsid942783\charrsid12132528 to Reg}{\fs24\lang2057\langfe5129\langnp2057\insrsid942783 istered Listed Companies }{\fs24\lang2057\langfe5129\langnp2057\insrsid13138708 and the provisions }{
\fs24\lang2057\langfe5129\langnp2057\insrsid942783 of}{\fs24\lang2057\langfe5129\langnp2057\insrsid942783\charrsid12132528  this section shall apply.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid942783 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid16523407 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) Where a Registered Listed Co}{
\fs24\lang2057\langfe5129\langnp2057\insrsid942783 mpany converts}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  all its or ordinary or preference shares having }{\fs24\lang2057\langfe5129\langnp2057\insrsid13138708 
a par value, or }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 both such ordinary and such preference shares, i}{\fs24\lang2057\langfe5129\langnp2057\insrsid16523407 nto shares }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 without par value, there shall be transferred to }{\fs24\lang2057\langfe5129\langnp2057\insrsid13138708 the stated }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 capital account of the company }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid16523407 {\fs24\lang2057\langfe5129\langnp2057\insrsid16523407 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
the whole of the ordinar}{\fs24\lang2057\langfe5129\langnp2057\insrsid16523407 y or preference}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  share capital, as the ca}{\fs24\lang2057\langfe5129\langnp2057\insrsid16523407 
se may be; and}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid16523407 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid16523407 {\fs24\lang2057\langfe5129\langnp2057\insrsid16523407 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13138708  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 whole of the share p}{\fs24\lang2057\langfe5129\langnp2057\insrsid16523407 remium account or}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  that part thereof contri}{\fs24\lang2057\langfe5129\langnp2057\insrsid16523407 buted to it by}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 the shares so converted.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid16523407 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid6358334 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (3) Where a Registered Listed Co}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13138708 mpany converts}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  all its ordinary or preference shares }{\fs24\lang2057\langfe5129\langnp2057\insrsid13138708 of par value }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 or both such ordinary and such prefere}{\fs24\lang2057\langfe5129\langnp2057\insrsid6358334 nce}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  shares }{
\fs24\lang2057\langfe5129\langnp2057\insrsid13138708 into shares }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 having a par value, there shall}{\fs24\lang2057\langfe5129\langnp2057\insrsid13138708  be transferred}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  to the share capital account of the co}{\fs24\lang2057\langfe5129\langnp2057\insrsid13138708 mpany}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid13138708 the whole }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 of the stated capital account or that}{\fs24\lang2057\langfe5129\langnp2057\insrsid13138708  part thereof}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  contributed to it by shares so convert}{\fs24\lang2057\langfe5129\langnp2057\insrsid13138708 ed}{\fs24\lang2057\langfe5129\langnp2057\insrsid6358334 .}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid6358334 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid6358334 {\fs24\lang2057\langfe5129\langnp2057\insrsid6358334 (4) Fractions, fractional surpluses}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6358334\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid13138708 or amounts }{\fs24\lang2057\langfe5129\langnp2057\insrsid6358334\charrsid12132528 arisin}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6358334 g in respect of the nominal share capital or the }{\fs24\lang2057\langfe5129\langnp2057\insrsid6358334\charrsid12132528 stated capital may be rounded off.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6358334\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid10439968 
\par 54. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid10439968\charrsid10439968 Currency}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid10439968  of }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid10439968\charrsid10439968 s}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid10439968 hares}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid10439968\charrsid10439968 ,}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid10439968  interest}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid10439968 -}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid10439968 bearing }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid10439968\charrsid10439968 sh}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid10439968 ares}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid10439968\charrsid10439968 ,}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid10439968  redeemable}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid10439968\charrsid10439968  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid3503020 shares }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid10439968\charrsid10439968 and }{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid10439968 shares }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid10439968\charrsid10439968 with sp}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid10439968 ecial rights}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 The principal Act is further amended by inserting after section 126K}{\fs24\lang2057\langfe5129\langnp2057\insrsid10366311 B}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the following}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10439968  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 section }{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid10439968\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10439968 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 126KC.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (1)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Section 43 of this Act }{\fs24\lang2057\langfe5129\langnp2057\insrsid3940518 shall not apply}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  to Registered Listed
}{\fs24\lang2057\langfe5129\langnp2057\insrsid3940518  Companies and the provisions o}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 f this section shall apply.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid10439968 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10439968 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) A Registered Listed Company }{
\fs24\lang2057\langfe5129\langnp2057\insrsid14815358 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 hall have power to issue the number of shares stated i}{\fs24\lang2057\langfe5129\langnp2057\insrsid11033841 n}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  its memorandum and those shares may be shares having}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 par value, or may be shares having no par value, or}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 combination of both, and may be divided into one or m}{\fs24\lang2057\langfe5129\langnp2057\insrsid14815358 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
re classes, with such designations, preferences, limita}{\fs24\lang2057\langfe5129\langnp2057\insrsid10439968 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ions and relative rights as shall be stated or }{
\fs24\lang2057\langfe5129\langnp2057\insrsid10439968 p}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 rovided for in the art}{\fs24\lang2057\langfe5129\langnp2057\insrsid14815358 icles and all prices and values}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  given in respect of shares shall be expressed in dollar}{\fs24\lang2057\langfe5129\langnp2057\insrsid14815358 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 or in the money of any other country.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid10439968 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10439968 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(3) The articles may limit or deny voting rights of or provide special voting rights fo}{\fs24\lang2057\langfe5129\langnp2057\insrsid10366311 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the shares of any cla}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10439968 ss or the shares within any clas}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 s to any extent not inconsistent with the provisions o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14815358 f}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  this Act}{\fs24\lang2057\langfe5129\langnp2057\insrsid14815358  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 or the regulations.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid10439968 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10439968 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 A Registered Listed Compan}{\fs24\lang2057\langfe5129\langnp2057\insrsid10439968 y}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 may issue shares of preferred or special classes and in particular, but without limiting the generality of the foregoing, may issue shares }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid10439968 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10439968 {\fs24\lang2057\langfe5129\langnp2057\insrsid10439968 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 a)}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 subject to the right of the company to}{\fs24\lang2057\langfe5129\langnp2057\insrsid10439968 
 redeem any of those shar}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 es at th}{\fs24\lang2057\langfe5129\langnp2057\insrsid10439968 e price fixed by the articles fo}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 r the redemption thereof}{\fs24\lang2057\langfe5129\langnp2057\insrsid14942731  or at the price fixed pursuant}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 to power contained therein}{\fs24\lang2057\langfe5129\langnp2057\insrsid10366311 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid10439968 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10439968 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b}{\fs24\lang2057\langfe5129\langnp2057\insrsid10439968 
) entitling the holders thereof }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 to cumulative, non}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid10439968 
cumulati}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ve or partially cumulative dividends;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid10439968 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10439968 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (c) having preference over }{
\fs24\lang2057\langfe5129\langnp2057\insrsid10439968 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ny other c}{\fs24\lang2057\langfe5129\langnp2057\insrsid10439968 lass or class of shares as to th}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 e payment of dividends;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10439968 {\fs24\lang2057\langfe5129\langnp2057\insrsid10439968 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10439968 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (d) having a preferential right to a dividend;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10439968 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid12665918 {\fs24\lang2057\langfe5129\langnp2057\insrsid10439968 (e) having preference in res}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 pect}{\fs24\lang2057\langfe5129\langnp2057\insrsid10439968  of the assets of the company ov}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
er any other class or classes of sha}{\fs24\lang2057\langfe5129\langnp2057\insrsid10439968 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 es upon the voluntary or compulsory liquidation of the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid12665918 company;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12665918 {\fs24\lang2057\langfe5129\langnp2057\insrsid12665918 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid12665918 {\fs24\lang2057\langfe5129\langnp2057\insrsid12665918 (f) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 having rights only t
o retur}{\fs24\lang2057\langfe5129\langnp2057\insrsid12665918 n of paid up}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  capital or to return of pai}{\fs24\lang2057\langfe5129\langnp2057\insrsid12665918 d up capital}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  plus no more than a fixed p}{\fs24\lang2057\langfe5129\langnp2057\insrsid12665918 roportion}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 thereof upon a liquidation company;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid12665918 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid12665918 (g) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
convertible into shares of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11288522 any other }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 class}{\fs24\lang2057\langfe5129\langnp2057\insrsid859739  or into shares of any }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11288522 series of }{\fs24\lang2057\langfe5129\langnp2057\insrsid859739 classes: }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Provided that sha}{
\fs24\lang2057\langfe5129\langnp2057\insrsid859739 res shall not}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  be converted into a class h}{\fs24\lang2057\langfe5129\langnp2057\insrsid859739 aving prior or}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  superior rights or preferen}{\fs24\lang2057\langfe5129\langnp2057\insrsid13130695 ces as to}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 dividends or distribution o}{\fs24\lang2057\langfe5129\langnp2057\insrsid13130695 f assets upon}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  liquidation over shares pro}{\fs24\lang2057\langfe5129\langnp2057\insrsid13130695 
posed to be}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  convert}{\fs24\lang2057\langfe5129\langnp2057\insrsid13130695 ed unless the consent of all members holding shares having such prior }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 or superior rights is obtai}{\fs24\lang2057\langfe5129\langnp2057\insrsid13130695 ned;}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13130695 {\fs24\lang2057\langfe5129\langnp2057\insrsid13130695\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid13130695 {\fs24\lang2057\langfe5129\langnp2057\insrsid13130695 (h) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
subject to forfeiture by th}{\fs24\lang2057\langfe5129\langnp2057\insrsid13130695 e company in}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the circumstances or in the }{\fs24\lang2057\langfe5129\langnp2057\insrsid13130695 
event }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 provided in the articles or }{\fs24\lang2057\langfe5129\langnp2057\insrsid13130695 in terms of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
issue of the shares:}{\fs24\lang2057\langfe5129\langnp2057\insrsid10366311 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid10366311 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid13130695 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Provi}{\fs24\lang2057\langfe5129\langnp2057\insrsid13130695 ded }{
\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13130695 {\fs24\lang2057\langfe5129\langnp2057\insrsid13130695\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid13130695 {\fs24\lang2057\langfe5129\langnp2057\insrsid13130695 (i) that the articles shall not be }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 altered to make sha}{\fs24\lang2057\langfe5129\langnp2057\insrsid13130695 res subject to}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  forfeiture which we}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11288522 re}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  original}{\fs24\lang2057\langfe5129\langnp2057\insrsid13130695 ly so issued without the holders thereof being given an }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 opportunity to obje}{\fs24\lang2057\langfe5129\langnp2057\insrsid13130695 ct thereto and, in the event of their so doing, any alteration to that effect shall be void; and}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13130695 {\fs24\lang2057\langfe5129\langnp2057\insrsid13130695\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid13130695 {\fs24\lang2057\langfe5129\langnp2057\insrsid13130695 (ii) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 that a forfeiture o}
{\fs24\lang2057\langfe5129\langnp2057\insrsid13130695 r, where}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11288522 there }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 have been previous}{\fs24\lang2057\langfe5129\langnp2057\insrsid4813451  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 forfeiture}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4813451 s, the last forfeiture shall not be}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  effective for any p}{\fs24\lang2057\langfe5129\langnp2057\insrsid4813451 urpose if }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11288522 it by }{\fs24\lang2057\langfe5129\langnp2057\insrsid4813451 it}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 self or in any }{
\fs24\lang2057\langfe5129\langnp2057\insrsid4813451 combination with }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 any other forf}{\fs24\lang2057\langfe5129\langnp2057\insrsid4813451 eiture results}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  in the reduction of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11288522 the number of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
members of the company to less than permitted by this Act;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid4813451 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid4813451 {\fs24\lang2057\langfe5129\langnp2057\insrsid4813451 (i) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
unless the articles provided to the contrary, on which interes}{\fs24\lang2057\langfe5129\langnp2057\insrsid4813451 t is payable by }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the company to the holder }{
\fs24\lang2057\langfe5129\langnp2057\insrsid4813451 at such rates }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 and upon such terms and co}{\fs24\lang2057\langfe5129\langnp2057\insrsid4813451 nditions as are}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  fixed at the time of issue }{\fs24\lang2057\langfe5129\langnp2057\insrsid11288522 or by the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
articles: Provided that s}{\fs24\lang2057\langfe5129\langnp2057\insrsid11288522 uch interests shall not become due and payable by the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 company to the holder if t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11288522 he company has}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  any liabilities actual or }{\fs24\lang2057\langfe5129\langnp2057\insrsid11288522 contingent }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 other than liabilities for }{\fs24\lang2057\langfe5129\langnp2057\insrsid11288522 interests on }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
shares and, upon a wind}{\fs24\lang2057\langfe5129\langnp2057\insrsid11288522 ing-up, there }{\fs24\lang2057\langfe5129\langnp2057\insrsid4813451 shall be deemed to be no liability in the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 company for the payment of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11288522 such interest }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
unless and until the claim }{\fs24\lang2057\langfe5129\langnp2057\insrsid11288522 of all }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 creditors and the costs of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11288522 
the winding-up }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 have been met or satisfied.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4813451 .}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid4813451 
\par }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13576802 55. }{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13576802 Dealing}{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid13576802\charrsid13576802 
 by a company in its own shares}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid13576802 -}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid13576802  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13576802 
Section 126M of the principal}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid13576802  Act is repealed and the followi}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13576802 ng section substituted:
\par }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid13576802 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid13576802 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13576802 
126M. (1) Section 46 of this Act sha}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid10366311 ll}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13576802 
 not apply to Registered Listed Companies and the provisions of this section shall apply.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid13576802 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid13576802 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13576802 (2) Subject to subsection (5) of this section, a Registered Listed Co
mpany shall not purchase its own shares or provide financial assistance whether}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid13576802  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13576802 
by guarantee, loan or otherwise and whether directly or indirectly for the purchase of its own shares unless }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid13576802 -}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13576802 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid13576802 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid14770812 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid13576802 (a) the articles of the compan}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13576802 y authorise such purchase or financia}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid13576802 l}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13576802 
 assistance;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid13576802 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid14770812 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b) the purchase or financial assistance is made from surplus (including e}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14770812 arned surplus and capital surplu}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
s) or the proceeds of a fresh issue of shares made for the purpose of the purchase or financial assistance;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid13576802 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid14770812 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (c) the purchase or financial assistance has been authorised by the co}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14770812 m}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 pany in general meeting; and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid14770812 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid14770812 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (d) on the date as from which the purchase or financial assistance is t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8354093 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  have effect a statutory declaration is declared by at least two directors of the Registered Listed Compan
y declaring either that on that date the Registered Listed Co}{\fs24\lang2057\langfe5129\langnp2057\insrsid14770812 mpany is to the best of their kn}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
owledge, after due enquiry, able to meet all its cu}{\fs24\lang2057\langfe5129\langnp2057\insrsid8354093 rrent obligations as they fall d}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ue or that all the }
{\field\fldedit{\*\fldinst {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid14770812  HYPERLINK http://creditors.cf }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4330093\charrsid14770812 {\*\datafield 
00d0c9ea79f9bace118c8200aa004ba90b0200000003000000e0c9ea79f9bace118c8200aa004ba90b2a00000068007400740070003a002f002f006300720065006400690074006f00720073002e00630066002f000000000000000000000000000000000000000400}}}{\fldrslt {
\cs15\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid14770812\charrsid14770812 creditors o}{\cs15\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid14770812 f}}}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 the Registered Listed Company on that date have expressed in writing their concurrence to the purchase or the financial assistan}{\fs24\lang2057\langfe5129\langnp2057\insrsid14770812 c}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 e as the case may be.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid14770812 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid14770812 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(3) For the purposes of paragraph (c) of subsection (2) of this section, an authorisation given by a company in general meeting shall be valid for the period expiring on the date o}{\fs24\lang2057\langfe5129\langnp2057\insrsid14770812 
f the next annual general meetin}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 g of the company and such period may be extended by the company at such annual general meeting until the date of the next annual general meeting }{
\fs24\lang2057\langfe5129\langnp2057\insrsid8354093 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 f the company.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid14770812 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid14770812 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(4) where a Registered Listed Company purchases its shares or provides financial assistance for the purchase of its shares pursuant to subsection (2) of this section, then within 28 days aft}{\fs24\lang2057\langfe5129\langnp2057\insrsid14770812 
er the date as from }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 which the purchase o}{\fs24\lang2057\langfe5129\langnp2057\insrsid10366311 r the financial assistance as th}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
e case may be has effect the Registered Listed Company shall lodge a memorandum, with a copy of the declaration referred to in paragraph (d) annexed thereto, together with the prescribed fe}{\fs24\lang2057\langfe5129\langnp2057\insrsid14770812 
e with the Reg}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 istrar stating that the provisions of subsection (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid14770812  of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 this section have been duly complied }{\fs24\lang2057\langfe5129\langnp2057\insrsid14770812 w}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ith.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid6448943 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid14770812 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (5) Notwithstanding subsection (2), }{
\fs24\lang2057\langfe5129\langnp2057\insrsid422251 a Registered }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Listed Company may purchase or otherwise ac}{\fs24\lang2057\langfe5129\langnp2057\insrsid14770812 quire its}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  own shares for the purposes}{\fs24\lang2057\langfe5129\langnp2057\insrsid14770812  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid14770812 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid422251 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 eliminating fractional shares;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid422251 {\fs24\lang2057\langfe5129\langnp2057\insrsid422251 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid422251 {\fs24\lang2057\langfe5129\langnp2057\insrsid422251\charrsid12132528 (b) paying dissenting share}{\fs24\lang2057\langfe5129\langnp2057\insrsid422251 
holders}{\fs24\lang2057\langfe5129\langnp2057\insrsid422251\charrsid12132528  entitled to payment for their shares under}{\fs24\lang2057\langfe5129\langnp2057\insrsid422251  the }{\fs24\lang2057\langfe5129\langnp2057\insrsid422251\charrsid12132528 
provisions of this Act or}{\fs24\lang2057\langfe5129\langnp2057\insrsid422251  }{\fs24\lang2057\langfe5129\langnp2057\insrsid422251\charrsid12132528 regulations made under this Act; or}{\fs24\lang2057\langfe5129\langnp2057\insrsid422251 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid422251 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid422251 {\fs24\lang2057\langfe5129\langnp2057\insrsid422251 
(c) effecting, subject to this Act, the retirement of its redeemable shares by redemption or by purchase at a price not exceeding the redemption price.}{\fs24\lang2057\langfe5129\langnp2057\insrsid422251\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid14770812 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid4463856 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (6) For the purposes of this section, }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid422251 purchase}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid422251  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 shall include exchange of shares for assets }{\fs24\lang2057\langfe5129\langnp2057\insrsid8354093 and }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
acquisition by any method, but shall not inc}{\fs24\lang2057\langfe5129\langnp2057\insrsid4463856 lude}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  redemption.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid422251 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid4463856 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (7) If a company acts in contraventio}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4463856 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid4463856 of this }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 section, the company and any director of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid4463856 company }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
who made a declaration pursuant to paragraph }{\fs24\lang2057\langfe5129\langnp2057\insrsid4463856 (d) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 subsection (2) without reasonable grounds fo}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4463856 r any}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  opinion expressed therein commits an offence }{\fs24\lang2057\langfe5129\langnp2057\insrsid4463856 and shall }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 be liable to a fine not exceeding $10,000.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid4463856 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid4463856 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (8) Nothing in this section shall aff}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4463856 ect the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  validity of any contract for the sale of sha}{\fs24\lang2057\langfe5129\langnp2057\insrsid4463856 res in a}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Registered Listed Company or financial assis}{\fs24\lang2057\langfe5129\langnp2057\insrsid4463856 tance made}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 in breach of the provisions of this.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid4463856 
\par 56. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4463856\charrsid4463856 Duties}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid4463856  and liabilities of officers}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  The pr}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10815217 incipal Act is}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  further amended by inserting after section 126R t}{\fs24\lang2057\langfe5129\langnp2057\insrsid10815217 
he following}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  section:
\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10815217 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 126RA. }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  (1) Sections 89 and 89A of this Act s}{\fs24\lang2057\langfe5129\langnp2057\insrsid10815217 hall not}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  apply to Registered Listed Companies and the pro}{\fs24\lang2057\langfe5129\langnp2057\insrsid10815217 visions of}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  this section shall apply.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid10815217 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10815217 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) A director of a Registered Listed Com
pany shall at all times act honestly and use reasonable diligence in the discharge of the duties of his office.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid10815217 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10815217 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (3) An officer of a Registered Listed Compa}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10815217 ny shall}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  not make use of any}{\fs24\lang2057\langfe5129\langnp2057\insrsid10815217  information acquired by virtue of his }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 position as such an officer to gain directly or }{\fs24\lang2057\langfe5129\langnp2057\insrsid10815217 indirectly}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 an impro}{\fs24\lang2057\langfe5129\langnp2057\insrsid10815217 per advantage for himself or to }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 cause det}{\fs24\lang2057\langfe5129\langnp2057\insrsid10815217 riment to}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the company.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid10815217 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10815217 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid10815217 
 An officer of a Registered Listed Company who commits a breach of this section shall be -}{\fs24\lang2057\langfe5129\langnp2057\insrsid10815217\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10815217 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 liable to the company for any profit }{\fs24\lang2057\langfe5129\langnp2057\insrsid10815217 made by }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
him and for any dam}{\fs24\lang2057\langfe5129\langnp2057\insrsid10815217 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ge suffered by t}{\fs24\lang2057\langfe5129\langnp2057\insrsid10815217 he company}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  as a result of such breach; and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10815217 {\fs24\lang2057\langfe5129\langnp2057\insrsid938018 (b) guilty of an offence }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
against this Ac}{\fs24\lang2057\langfe5129\langnp2057\insrsid938018 t.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid938018 {\fs24\lang2057\langfe5129\langnp2057\insrsid938018 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid938018 {\fs24\lang2057\langfe5129\langnp2057\insrsid938018\charrsid12132528 (5) This section is in addition to and }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5593110 not in }{\fs24\lang2057\langfe5129\langnp2057\insrsid938018\charrsid12132528 derogation of any other rule of law relating }{\fs24\lang2057\langfe5129\langnp2057\insrsid5593110 to the duty or }{
\fs24\lang2057\langfe5129\langnp2057\insrsid938018\charrsid12132528 liability of directors or officers of a comp}{\fs24\lang2057\langfe5129\langnp2057\insrsid938018 any.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid938018 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid938018\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid938018 {\fs24\lang2057\langfe5129\langnp2057\insrsid938018\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 57.}{\fs24\lang2057\langfe5129\langnp2057\insrsid938018  }{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid938018 Meetings}{\fs24\lang2057\langfe5129\langnp2057\insrsid938018  }{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid938018 
 section 126S of the principal Act is}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  amended by }{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid938018 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid938018 {\fs24\lang2057\langfe5129\langnp2057\insrsid938018 (a) designating the existing section as subsection (1);
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid938018 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid938018 {\fs24\lang2057\langfe5129\langnp2057\insrsid938018 (b) Adding the following subsection:}{
\fs24\lang2057\langfe5129\langnp2057\insrsid938018\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid938018 {\fs24\lang2057\langfe5129\langnp2057\insrsid938018 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid938018 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid938018\charrsid12132528 
(2) Subsection (6) of section 92 }{\fs24\lang2057\langfe5129\langnp2057\insrsid938018 of this Act }{\fs24\lang2057\langfe5129\langnp2057\insrsid938018\charrsid12132528 shall not apply to Registered List}{\fs24\lang2057\langfe5129\langnp2057\insrsid938018 
ed Companies.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid938018 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid938018\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid938018 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 58. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13790849 Inspection and closing of register}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13790849\charrsid10366311  }{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid13790849 
 The principal Act is further amended by inserting after section 126S the following section - }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid13790849 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid13790849 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
126SA. (1) Section 107 of this Act sh}{\fs24\lang2057\langfe5129\langnp2057\insrsid13790849 all not apply}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  to Registered Listed Companies and the p}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13790849 rovisions of}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  this section shall apply.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid13790849 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid9245846 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) A Registered Listed Company may, }{
\fs24\lang2057\langfe5129\langnp2057\insrsid13790849 on giving not }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 less than 21 days notice by advertisemen}{\fs24\lang2057\langfe5129\langnp2057\insrsid13790849 t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid9245846 in such }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 manner as}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9245846  the articles provide or in default of such }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 provision, such manner as the Registrar}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9245846  m}{\fs24\lang2057\langfe5129\langnp2057\insrsid9245846\charrsid12132528 ay approve}{\fs24\lang2057\langfe5129\langnp2057\insrsid9245846 , }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 close the register of members or any class of members for any time or times, but so that no pa}{\fs24\lang2057\langfe5129\langnp2057\insrsid9245846 r}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 t of the register }{\fs24\lang2057\langfe5129\langnp2057\insrsid9245846 shall be closed for more than 3}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
0 days in the aggregate in any year.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid13790849 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid9245846 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (3) The register shall be open to t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9245846 he inspection of any}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  member. Any inspection by a member }{\fs24\lang2057\langfe5129\langnp2057\insrsid9245846 shall be }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 without charge.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid9245846 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid7630687 {\fs24\lang2057\langfe5129\langnp2057\insrsid9245846 (4) Any person may request the Regis}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 tered Listed Company to furnish him with a copy of the register, or any part thereof, on payment in advance of $5 or such}{\fs24\lang2057\langfe5129\langnp2057\insrsid9245846  lesser su
}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 m as}{\fs24\lang2057\langfe5129\langnp2057\insrsid9245846  the company requires for every}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 200 words or part thereof required to be copied and the company shall cause any copy so reques}{\fs24\lang2057\langfe5129\langnp2057\insrsid9245846 ted by any }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
person to be sent to that pers}{\fs24\lang2057\langfe5129\langnp2057\insrsid9245846 on within a period of 30}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  days or within su}{\fs24\lang2057\langfe5129\langnp2057\insrsid7630687 
ch further}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  period as the Registrar consid}{\fs24\lang2057\langfe5129\langnp2057\insrsid7630687 ers reasonable}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 in the circumstances, commenci}{\fs24\lang2057\langfe5129\langnp2057\insrsid7630687 ng on the day}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  next after the day on which th}{\fs24\lang2057\langfe5129\langnp2057\insrsid7630687 
e request is}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  received by the company.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid7630687 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid7630687 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (5) If any copy so requested of a }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7630687 Registered Listed }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Company is not sent within the period s}{\fs24\lang2057\langfe5129\langnp2057\insrsid7630687 pecified in}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  subsection (4), the company and every o}{\fs24\lang2057\langfe5129\langnp2057\insrsid7630687 fficer of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 company who is in default shall be guil}{\fs24\lang2057\langfe5129\langnp2057\insrsid7630687 ty of an offence}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  against this Act.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "
}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid7630687 
\par 59. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid7630687\charrsid7630687 sales other than at proper value}{\fs24\lang2057\langfe5129\langnp2057\insrsid7630687  }{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7630687  The principal Act is further amended by inserting after section 126W the following section }{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid7630687  

\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid7630687 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
126WA. (1) Section 191 of this Act s}{\fs24\lang2057\langfe5129\langnp2057\insrsid7630687 hall not apply}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  to Registered Listed Companies and the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid6111151 provisions of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 this section shall apply.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11873890 {\fs24\lang2057\langfe5129\langnp2057\insrsid6111151 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid12649829 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) }{\fs24\lang2057\langfe5129\langnp2057\insrsid5593110 
Where any property, business}{\fs24\lang2057\langfe5129\langnp2057\insrsid6111151  or }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 un}{\fs24\lang2057\langfe5129\langnp2057\insrsid6111151 dertaking has}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  been acquired by a Registered Listed Compan}{\fs24\lang2057\langfe5129\langnp2057\insrsid6111151 y for a cash consider}{\fs24\lang2057\langfe5129\langnp2057\insrsid12649829 ation}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  within a period of 2 years be}{\fs24\lang2057\langfe5129\langnp2057\insrsid12649829 fore the c}{\fs24\lang2057\langfe5129\langnp2057\insrsid12649829\charrsid12132528 ommencement}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  of the winding}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 up of the comp}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12649829 any }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid12649829 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6647561 {\fs24\insrsid6647561\charrsid217729 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid6647561 {\fs24\insrsid6647561 (a) }{\fs24\insrsid6647561\charrsid217729 from a person who was at}{\fs24\insrsid4606690  the time of the acquisition a }{
\fs24\insrsid6647561\charrsid217729 director of the company; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6647561 {\fs24\insrsid6647561 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid6647561 {\fs24\cf0\insrsid6647561\charrsid4606690 (b) from a company of which, at the time of the acquisition, a person }{
\fs24\cf0\insrsid4606690\charrsid4606690 who }{\fs24\cf0\insrsid6647561\charrsid4606690 was a director }{\fs24\cf0\insrsid4606690 wh}{\fs24\cf0\insrsid6647561\charrsid4606690 o was also a director of the first mentioned company,
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6647561 {\fs24\cf0\insrsid6647561\charrsid4606690 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid4606690 {\fs24\cf0\insrsid6647561\charrsid4606690 
the liquidator may recover from the person or the company from which the property, business or undertaking was acquired any amount by which the}{\fs24\insrsid6647561\charrsid217729 
 cash consideration for the acquisition exceeded the value of the property, business or undertaking at the time of its acquisition.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6647561 {\fs24\insrsid6647561 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid4606690 {\fs24\insrsid6647561\charrsid217729 
(3) Where any property, business or undertaking has been sold by a Registered Listed Company for a cash consideration within a period of 2 years before the commencement of the winding-up of the company -
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6647561 {\fs24\insrsid6647561 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid4606690 {\fs24\insrsid6647561\charrsid217729 (a) to a person who was at the time of the sale a director of the company; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6647561 {\fs24\insrsid6647561 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid4606690 {\fs24\insrsid6647561\charrsid217729 
(b) to a company of which at the time of the sale a person was a director who was also a director of the company first mentioned,
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6647561 {\fs24\insrsid6647561 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid5204502 {\fs24\insrsid6647561\charrsid217729 
the liquidator may recover from the person or company to which the property, business or undertaking was sold any amount by which the value of the property, business or undertaking at the time of the sale exceeded the cash consideration.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6647561 {\fs24\insrsid6647561 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid5204502 {\fs24\insrsid6647561\charrsid217729 
(4) For the purposes of this section the value of the property, business or undertaking includes the value of any goodwill or profits which might have been made from the business or }{\fs24\insrsid6647561 undertaking or similar }{
\fs24\insrsid6647561\charrsid217729 consideration.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6647561 {\fs24\insrsid6647561 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid5204502 {\fs24\insrsid6647561\charrsid217729 (5) In this section, }{\fs24\insrsid5446879 "}{\fs24\insrsid6647561\charrsid217729 cash consideration}{
\fs24\insrsid5446879 "}{\fs24\insrsid6647561\charrsid217729  means any consideration payable otherwise than by the issue of shares.}{\fs24\insrsid5446879 "}{\fs24\insrsid6647561\charrsid217729 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8457608 {\fs24\lang2057\langfe5129\langnp2057\insrsid5593110 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid1982349\charrsid8850013 60. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid1982349\charrsid8850013 Secrecy}{\fs24\lang2057\langfe5129\langnp2057\insrsid8850013\charrsid8850013 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8457608  The principal Act is further amended by inserting after section 126X the following section-
\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid8457608 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid8457608 
126XA. Subsections (3), (4), (5), (6), (7) and (8) of section 227 of this Act shall not apply to Registered Listed Companies.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid8457608 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8457608 {\fs24\lang2057\langfe5129\langnp2057\insrsid1389742 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2516908 {\fs24\lang2057\langfe5129\langnp2057\insrsid8275247 61. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid8275247 Asset p}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid8275247\charrsid8275247 rotection}{\fs24\lang2057\langfe5129\langnp2057\insrsid10828533 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid8275247  }{\fs24\lang2057\langfe5129\langnp2057\insrsid8457608 
The principal Act is further amended by inserting after section 126XA the following section-}{\fs24\lang2057\langfe5129\langnp2057\insrsid13006033 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid8457608 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid8457608 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid8457608 126XB}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10366311 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid5204502  Section 228B}{\fs24\lang2057\langfe5129\langnp2057\insrsid10366311  }{\fs24\lang2057\langfe5129\langnp2057\insrsid8457608 
of this Act shall not apply to Registered Listed Companies.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid8457608 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8457608 {\fs24\lang2057\langfe5129\langnp2057\insrsid8457608 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid10366311 62.}{\fs24\lang2057\langfe5129\langnp2057\insrsid8457608  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid5204502 Amalgamation}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid8457608  of companies}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8457608 - (1) The principal Act is amended by repealing }{\fs24\lang2057\langfe5129\langnp2057\insrsid15808454 sections 129A, 129B, 129C and 129D.}{\fs24\lang2057\langfe5129\langnp2057\insrsid8457608 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15808454 
\par (2) Nothing in this section shall affect the validity of any amalgamation effected pursuant to sections 129A, 129B, 129C and 129D prior to the coming into force of this Act.
\par 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid10366311 63.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15808454  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15808454 Power to acquire shares of holders dissenting from scheme or contract }{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid2779047 approved}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15808454  by majority}{\fs24\lang2057\langfe5129\langnp2057\insrsid10366311\charrsid10366311  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15808454 - Subsections (1) of section 130A of the principal Act is amended by omitting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15808454 
approved}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15808454  and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15808454 
accepted}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15808454 .
\par 
\par 64}{\fs24\lang2057\langfe5129\langnp2057\insrsid10366311 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid15808454  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15808454 
Payment of certain debts out of assets subject to floating charge in priority to claims under charge}{\fs24\lang2057\langfe5129\langnp2057\insrsid10366311  -}{\fs24\lang2057\langfe5129\langnp2057\insrsid15808454 
 Section 138 of the Principal Act is repealed.
\par 
\par 65}{\fs24\lang2057\langfe5129\langnp2057\insrsid10366311 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid15808454  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15808454\charrsid15808454 Effect of winding-up}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10366311  -}{\fs24\lang2057\langfe5129\langnp2057\insrsid15808454  Section 142 of the principal Act is amended by repealing subsection (1) and substituting the following subsection-
\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15808454 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15808454 (1) An international company shall from }{
\fs24\lang2057\langfe5129\langnp2057\insrsid2779047 the commencement of the winding-}{\fs24\lang2057\langfe5129\langnp2057\insrsid15808454 up cease to carry on business, except so far as, in the opinion of the liquidator-
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15808454 {\fs24\lang2057\langfe5129\langnp2057\insrsid15808454 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid10366311 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid15808454 is requ}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2779047 ired for the beneficial winding-}{\fs24\lang2057\langfe5129\langnp2057\insrsid15808454 up of the international company; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15808454 {\fs24\lang2057\langfe5129\langnp2057\insrsid15808454 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid10366311 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid15808454 
subject to section 143, is required for the performance of any contract of the liquidator may not disclaim pursuant to section 192,
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15808454 {\fs24\lang2057\langfe5129\langnp2057\insrsid15808454 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid8197448 {\fs24\lang2057\langfe5129\langnp2057\insrsid8197448 but the corporate sta
te and corporate powers of the company shall, notwithstanding anything to the contrary in the articles, continue until it is dissolved.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15808454 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8197448 {\fs24\lang2057\langfe5129\langnp2057\insrsid8197448 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid10366311 66.}{\fs24\lang2057\langfe5129\langnp2057\insrsid8197448  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid8197448 Books of liquidator and company}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10366311  -}{\fs24\lang2057\langfe5129\langnp2057\insrsid8197448  Section 185 of the principal Act if amended by repealing subsections (2) and (3) and substituting the following subsections:
\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid6448943 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid8197448 (2) When an international company has been wou
}{\fs24\lang2057\langfe5129\langnp2057\insrsid2779047 nd-}{\fs24\lang2057\langfe5129\langnp2057\insrsid8197448 
up the liquidator shall return the books and papers to the resident secretary of that company who shall ensure that those books and papers are retained by a trustee company for a period of 6 years }{\fs24\lang2057\langfe5129\langnp2057\insrsid14310813 
from the commencement of the winding-up. After the expiration of the 6 years the books and papers may be destroyed.}{\fs24\lang2057\langfe5129\langnp2057\insrsid13006033 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14310813 {\fs24\lang2057\langfe5129\langnp2057\insrsid14310813 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid14310813 {\fs24\lang2057\langfe5129\langnp2057\insrsid14310813 
(3) The Registrar may cause any additional records or registers to be destroyed after the expiration of 6 years from the commencement of the winding-up.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14310813 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid2516908\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2516908 {\fs24\lang2057\langfe5129\langnp2057\insrsid8275247\charrsid12132528 67.}{\fs24\lang2057\langfe5129\langnp2057\insrsid8275247  }{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid8275247\charrsid10366311 Voidable transactions}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516908  - }{\fs24\lang2057\langfe5129\langnp2057\insrsid2516908\charrsid12132528 Section 190 of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid14310813 the principal }{\fs24\lang2057\langfe5129\langnp2057\insrsid2516908\charrsid12132528 Act is repealed and the following section substi}{\fs24\lang2057\langfe5129\langnp2057\insrsid14310813 tuted-}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2516908 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid10366311\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid3633016 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid14310813 
190. (1) Every conveyance, assignment, transfer or disposition of property or any charge thereon made, and every payment or obligation incurred, and any judicial proceeding taken or suffered (all of which shall be referred to in this section as }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid14310813 transactions}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid14310813 
) by an international company unable to meet its obligations to creditors as they fall due which has the effect of, and was made with a view to, giving any person (whether a creditor, member or any surety or guarantor or trustee for the same or any othe
r person) a preference over any other person which that person would not have had in any winding up of that}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516908\charrsid12132528  international company}{\fs24\lang2057\langfe5129\langnp2057\insrsid14310813 
 on the date of giving effect to that transaction shall, }{\fs24\lang2057\langfe5129\langnp2057\insrsid13198040 subject to subsections (2) and (3), be deemed to be voidable at the ab
solute discretion of a liquidator, if the international company making, taking, paying or suffering the same is commenced to be w}{\fs24\lang2057\langfe5129\langnp2057\insrsid3633016 ound-}{\fs24\lang2057\langfe5129\langnp2057\insrsid13198040 
up within 3 months of that transaction being given effect to or is struck of and dissolved within 1 year of that transaction being given effect to.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid11547198\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15874351 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) A liquidator}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 '}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 s entitlement to exercise the discretion referred to in subsection (1) shall expire 2 years after the date of the commencement of the winding}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3633016 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 up of the international company.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15874351 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 In respect of any transaction se}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 t aside as a voidable preference pursuant to this sec}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ion the liquidator and any creditor shall, on re}{\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 p}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ayment, have}{\fs24\lang2057\langfe5129\langnp2057\insrsid11547198  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the same remedies against any guarantor }{
\fs24\lang2057\langfe5129\langnp2057\insrsid3633016 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 r surety (and against any property securing the same) }{\fs24\lang2057\langfe5129\langnp2057\insrsid3633016 a}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 s he would have had if the international company ha}{\fs24\lang2057\langfe5129\langnp2057\insrsid3633016 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  no}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 t entered into the transaction. No proceeding shall}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 , however, defeat the interests of a bona fide pur}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 cha}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ser for value of proper}{\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 ty (or other bona fide person wi}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 th an interest in such property).
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15874351 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (4) Any such proceedings referred t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3633016 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  in subsection (3) may b}{\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 e taken directly against any suc}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 h guarantor or surety w}{\fs24\lang2057\langfe5129\langnp2057\insrsid3633016 ithout the need to join the c}{\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 red}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3633016 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 tor, or}{\fs24\lang2057\langfe5129\langnp2057\insrsid11547198  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 against that creditor without the need t}{\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 join any such guarantor or surety.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid11547198\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid7613341\charrsid7613341 
\par }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid7613341 68. }{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid7613341 C}{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid11547198\charrsid7613341 on}{
\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid7613341 tracts avoiding rules as to distribu}{\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid11547198\charrsid7613341 t}{
\fs24\ul\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid7613341 ion of assets}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid7613341  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid7613341 -}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid7613341  The principal Act is amended by inserting after section 190 the following section:
\par }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11547198\charrsid7613341 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid7285961 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid7613341 
190A. A contract shall be unenforceabl}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11547198\charrsid7613341 e}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid7613341  }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid7613341 
if it has }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11547198\charrsid7613341 the }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid7613341 purpose of avoiding the rules as to the }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid7613341 distribution of }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid7613341 assets as specified by this Act but only}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid7613341  if}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid7285961\charrsid7613341 :}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid7613341 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11547198\charrsid7613341 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid7285961 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid7613341 (a) any party to the contract was }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid7285961\charrsid7613341 member, or }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid7613341 officer, of that international}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid7285961\charrsid7613341  company; and}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid7613341 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11547198\charrsid7613341 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid7285961 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid7613341 (b) that particular party seeks to }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid7285961\charrsid7613341 enforce or to }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid7613341 rely upon, the contract.}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid7613341 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11547198\charrsid7613341 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 69. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid11547198 Sales other than at proper value}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Sect}{\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 ion 191 of the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 principal Act is amended by omitting the numb}{\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 er }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 2}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11547198  where it }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
appears in each of subsections (1), (2) and (3}{\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 )}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  an}{\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 d}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid7613341 substituting }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 in each place the number }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 1}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .

\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11547198\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 70. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid11547198 Disclaimer of onerous property}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }
{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Secti}{\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 on}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid7285961 192 of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 principal Act is amended by omitting from sub}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ect}{\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 ion}{\fs24\lang2057\langfe5129\langnp2057\insrsid7285961  (1)}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid7285961 the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 following words }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11547198\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid7285961 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Where a
ny part of the property of an int}{\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 ernational}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  company consists of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid11547198\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid7285961 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 any estate or interest in land whic}{\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 h}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7285961 is burdened }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 with onerous covena}{\fs24\lang2057\langfe5129\langnp2057\insrsid7285961 nt;}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7285961 {\fs24\lang2057\langfe5129\langnp2057\insrsid7285961\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid7759581 {\fs24\lang2057\langfe5129\langnp2057\insrsid7285961 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
shares or stocks in companies;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid7285961 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid7759581 {\fs24\lang2057\langfe5129\langnp2057\insrsid7285961 (c) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
unprofitable contracts; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid7285961 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid7759581 {\fs24\lang2057\langfe5129\langnp2057\insrsid7285961 (d) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
any other property that is unsaleab}{\fs24\lang2057\langfe5129\langnp2057\insrsid7285961 le, or not}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  readily saleable, by reason of its }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7285961 binding the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 possessor thereof to the performanc}{\fs24\lang2057\langfe5129\langnp2057\insrsid7285961 e}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid7285961 of any }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 onerous act or to the payment of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7285961 any sum of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 money,}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid7285961 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid7759581 {\fs24\lang2057\langfe5129\langnp2057\insrsid7759581 and }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
substituting the following}{\fs24\lang2057\langfe5129\langnp2057\insrsid7759581  words:}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid7759581 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid7759581 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7759581 where -
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid7759581 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid7759581 {\fs24\lang2057\langfe5129\langnp2057\insrsid7759581 (a) any part of the property of an international company consists of -
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid7759581 
\par }\pard \ql \li2880\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2880\itap0\pararsid7759581 {\fs24\lang2057\langfe5129\langnp2057\insrsid7759581 (i) any estate or interest in land }{\fs24\lang2057\langfe5129\langnp2057\insrsid16320958 
burdened with onerous covenants;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7759581 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7759581 {\fs24\lang2057\langfe5129\langnp2057\insrsid7759581 
\par }\pard \ql \li2880\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2880\itap0\pararsid7759581 {\fs24\lang2057\langfe5129\langnp2057\insrsid7759581 (ii) shares or stocks in companies;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7759581 {\fs24\lang2057\langfe5129\langnp2057\insrsid7759581 
\par }\pard \ql \li2880\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2880\itap0\pararsid7759581 {\fs24\lang2057\langfe5129\langnp2057\insrsid7759581 (iii) }{\fs24\lang2057\langfe5129\langnp2057\insrsid7759581\charrsid12132528 
unprofitable contracts; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7759581 {\fs24\lang2057\langfe5129\langnp2057\insrsid7759581 
\par }\pard \ql \li2880\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2880\itap0\pararsid16320958 {\fs24\lang2057\langfe5129\langnp2057\insrsid7759581 (iv) }{\fs24\lang2057\langfe5129\langnp2057\insrsid7759581\charrsid12132528 
any other property that is}{\fs24\lang2057\langfe5129\langnp2057\insrsid16320958 , for whatever reason, is unprofitable or not readily saleable; and}{\fs24\lang2057\langfe5129\langnp2057\insrsid7759581\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11293236 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16320958 {\fs24\lang2057\langfe5129\langnp2057\insrsid16320958\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid11293236 {\fs24\lang2057\langfe5129\langnp2057\insrsid11293236 
(b) the mere interest in that property binds the international company, or is likely to bind the international company, to the payment of any sum of mone}{\fs24\lang2057\langfe5129\langnp2057\insrsid16320958 y or the deposition of any asse}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11293236 ts of the international company,}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11293236 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid7759581 

\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11293236 {\fs24\lang2057\langfe5129\langnp2057\insrsid11293236 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 71. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid11547198 
Offences by officers of com}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11547198\charrsid11547198 pan}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11293236 ies in liquidation}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }
{\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 - }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Paragraph (c) of subsection (1) of section }{\fs24\lang2057\langfe5129\langnp2057\insrsid11293236 193 of the principal }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Act is amended by }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11547198\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid11293236 {\fs24\lang2057\langfe5129\langnp2057\insrsid11293236 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
omitting the number and }{\fs24\lang2057\langfe5129\langnp2057\insrsid11293236 word }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11293236 6 years}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 
"}{\fs24\lang2057\langfe5129\langnp2057\insrsid11293236  and }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 substituting the number}{\fs24\lang2057\langfe5129\langnp2057\insrsid11293236  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 and word }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 12 }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 m}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 onths}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid11547198\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid11293236 {\fs24\lang2057\langfe5129\langnp2057\insrsid11293236 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Omitting the word }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 or}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 at the end of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11293236 subparagraph }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (vii) and inserting that word at }{\fs24\lang2057\langfe5129\langnp2057\insrsid16320958 end of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 subparagraph (vi);
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid11547198 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid11293236 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (c) omitting subparagraph (viii).
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 72. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid11293236 Liability where proper accounts not ke}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid13855685\charrsid11293236 pt}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11293236\charrsid11293236  or debts}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid13855685\charrsid11293236  }{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid11293236 incurred without reasonable expectation of payment}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 
- Section }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 195}{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 of}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13855685  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the principal Act is amended by inserting}{\fs24\lang2057\langfe5129\langnp2057\insrsid11293236  after the words}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1795164  }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 international company}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 
"}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  in subsections (1) and (2) }{\fs24\lang2057\langfe5129\langnp2057\insrsid1795164 the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 which is a Registered Listed Company pursuant to }{\fs24\lang2057\langfe5129\langnp2057\insrsid1795164 Part VIA of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 this Act}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid1795164 .}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid1795164 7}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 3.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13855685 Personal lia}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid13855685\charrsid13855685 b}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13855685 ility for debts}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  - }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Section 1}{\fs24\lang2057\langfe5129\langnp2057\insrsid1795164 96 of the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  principal Act is amended by inserting after the wor}{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 ds}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 international company}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 which is a Regist}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 ered Listed }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Company pursuant to Part VIA of this Act}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 74.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13855685 Defunct companies}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  - }{\fs24\lang2057\langfe5129\langnp2057\insrsid1795164 Section 197 }{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 of the principal Act i}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 s amended by }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1795164 {\fs24\lang2057\langfe5129\langnp2057\insrsid1795164 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Omitting from s
ubsection (1) the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid1795164 is not in }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 operation or}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid11171581 {\fs24\lang2057\langfe5129\langnp2057\insrsid1795164 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
Inserting the following subsection afte}{\fs24\lang2057\langfe5129\langnp2057\insrsid1795164 r subsection}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid1795164 :}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid11171581 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(2A) Upon the request of an interna}{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 tional}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  company, such request having been ap}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1795164 proved by a }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 special resolution of the members and }{\fs24\lang2057\langfe5129\langnp2057\insrsid11171581 being }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 accompanied by a statutory declarati}{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 on}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11171581 signed by }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 all of the directors to the effect th}{\fs24\lang2057\langfe5129\langnp2057\insrsid11171581 at the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  international company no longer carri}{\fs24\lang2057\langfe5129\langnp2057\insrsid11171581 es on}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 business and has no outstanding liab}{\fs24\lang2057\langfe5129\langnp2057\insrsid11171581 il}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid11171581 ties to}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  creditors and no assets (other than }{\fs24\lang2057\langfe5129\langnp2057\insrsid11171581 asserts }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
represented by cash) the Registrar sh}{\fs24\lang2057\langfe5129\langnp2057\insrsid11171581 all, unless}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  he has cause to believe that the cont}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11171581 ents of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  directors}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 '}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  statutory declaration are }{\fs24\lang2057\langfe5129\langnp2057\insrsid11171581 incorrect, }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
strike the name of the international }{\fs24\lang2057\langfe5129\langnp2057\insrsid11171581 company off }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the register and the international co}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11171581 mpany shall}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  thereupon be dissolved and the provis}{\fs24\lang2057\langfe5129\langnp2057\insrsid11171581 ions of}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  subsection (2) shall mutatis mutandis}{\fs24\lang2057\langfe5129\langnp2057\insrsid11171581  apply.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11171581 ; and}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid6246169 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (c) Inserting in paragraph (a) of subsectio}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11171581 n (2) after}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 continue}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the words }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 for a pe}{\fs24\lang2057\langfe5129\langnp2057\insrsid6246169 riod of two }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 years following the date upon which the }{\fs24\lang2057\langfe5129\langnp2057\insrsid6246169 company is }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
dissolved}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid6246169 {\fs24\lang2057\langfe5129\langnp2057\insrsid6246169 (d) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
Adding the following subsections:}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid13855685\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid6246169 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (6) W}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6246169 hen an international company has been struck }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 off the resident secretary shall ensu}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 re that the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 books and papers are retained by a tr}{\fs24\lang2057\langfe5129\langnp2057\insrsid6246169 ustee company}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  for a period of six years from the st}{\fs24\lang2057\langfe5129\langnp2057\insrsid6246169 riking off,}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 but thereafter the books and papers m}{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 ay be}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  destroyed.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid13855685\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid1519400 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (7) The Registrar may cause any add}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1519400 itional}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  records or registers to be destroyed}{\fs24\lang2057\langfe5129\langnp2057\insrsid1519400  after the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  expiration of six years from the stri}{\fs24\lang2057\langfe5129\langnp2057\insrsid1519400 king off.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1519400 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 75. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13855685 Foreign companies }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid13855685 -}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13855685  Interpretation}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Sec}{\fs24\lang2057\langfe5129\langnp2057\insrsid1908572 tion 200 of}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 the principal Act is amended by adding the followin}{\fs24\lang2057\langfe5129\langnp2057\insrsid1908572 g subsection}{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 :}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1908572 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(7) Registration of any company }{\fs24\lang2057\langfe5129\langnp2057\insrsid1908572 under Part X shall be }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 conclusive }{\fs24\lang2057\langfe5129\langnp2057\insrsid13318039 o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 f the fact that, for }{\fs24\lang2057\langfe5129\langnp2057\insrsid13318039 all of }{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 the purposes of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 this Act, the company is validly }{\fs24\lang2057\langfe5129\langnp2057\insrsid1908572 incorporated outside }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
the Cook Islands.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par 76. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid1908572 Transfer }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid1908572\charrsid1908572 from cook Islands of companies incorporated under this Act}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1908572  }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid1908572  Section 209 of the principal Act is Amended by: -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1115589 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a) Omitting from subsection (1) the words}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13855685  }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid1115589 upon }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
obtaining the approval of the Registrar }{\fs24\lang2057\langfe5129\langnp2057\insrsid1115589 and }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 within 2}{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 months from the date on which that approval is}{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 obtained}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  and substituting the words:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid1115589 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
if permitted by its articles or a spec}{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 al resolutio}{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 
n of its members and if its dir}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ectors sign a statutory declaration to}{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685  the effect}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 th}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 at:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid1115589 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a) the proposed transfer will not adversely affect any creditor; and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid1115589 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b) the company has complied with th}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  provisions of this Act (including the payme}{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 n}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 t of all fees); and}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid13855685\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid1115589 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (c) secured creditors (if any) have c}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1115589 onsented}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  writing}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1115589 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b) Repealing subsections (2) and (3).
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 77. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13855685 Translation of }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid13855685\charrsid13855685 i}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid13855685 nstruments}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  - }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Section 216 o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 f}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 the principal}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Act is amended by repealing subsection (3) }{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 and su}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 bst}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 tuting the following subsection }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1115589 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(3) For the purpose of this section, a }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ce}{\fs24\lang2057\langfe5129\langnp2057\insrsid1115589 rtified}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  translation}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  means a translation into the En}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 glish}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  language certified in the English language a}{\fs24\lang2057\langfe5129\langnp2057\insrsid1115589 s a correct}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  translation by the translator before }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid1115589 {\fs24\lang2057\langfe5129\langnp2057\insrsid1115589 (a) a diplomatic or consular officer of any country;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid1115589\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid1115589 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b) a notary public, justice of the peace }{
\fs24\lang2057\langfe5129\langnp2057\insrsid1115589 or similar }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 person of any country;}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid13855685\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid1115589 {\fs24\lang2057\langfe5129\langnp2057\insrsid1115589 (c) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
any solicitor in the Cook Islands or }{\fs24\lang2057\langfe5129\langnp2057\insrsid1115589 similar }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 perso}{\fs24\lang2057\langfe5129\langnp2057\insrsid1115589 
n of any country specified by s}{\fs24\lang2057\langfe5129\langnp2057\insrsid13318039  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 2}{\fs24\lang2057\langfe5129\langnp2057\insrsid1115589 29A}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid1115589 of this }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Act; or}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid13855685\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid1667213 {\fs24\lang2057\langfe5129\langnp2057\insrsid1115589 (d) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
or any other person before whom by any }{\fs24\lang2057\langfe5129\langnp2057\insrsid1115589 law of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Cook Islands affidavits may lawfully b}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid1115589 sworn for }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 use in proceedings in any Court in the }{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 Cook I}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 slands.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid13855685\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid1667213 78. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid1667213\charrsid1667213 General}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid13855685\charrsid1667213  p}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid1667213 enalty provisions}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1667213  Section 21}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 9 }{\fs24\lang2057\langfe5129\langnp2057\insrsid1667213 of the principal }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Act is amended by}{\fs24\lang2057\langfe5129\langnp2057\insrsid1667213  }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid1667213 

\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1667213 {\fs24\lang2057\langfe5129\langnp2057\insrsid1667213 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid1667213 I}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 nserting in subsection (3) after the number }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1667213 195}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid1667213  the number }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1667213 227}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ; and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1667213 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b) Adding}{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 
 the following subsection:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid1667213 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid1667213 (4) Where }{
\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid13855685\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid1667213 {\fs24\lang2057\langfe5129\langnp2057\insrsid1667213 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
any person is convicted of an }{\fs24\lang2057\langfe5129\langnp2057\insrsid1667213 offence}{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 inv}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 olv}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ing dishonesty; and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid1667213 {\fs24\lang2057\langfe5129\langnp2057\insrsid1667213 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 the c}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ou}{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid1667213 t is satisfied that the inter}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 national company has suffe}{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid13318039 ed}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid1667213 loss or }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 dama}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 g}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 e as a result of the act o}{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 r}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 omission }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 that constitutes the offence,}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1667213  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the}{\fs24\lang2057\langfe5129\langnp2057\insrsid1667213 
 Court may in addition to imposing a penalty if it sees fit, ordered the convicted person to pay compensation to the international company of such amount as the Court specifies.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1667213 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 79. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6840623 Pro}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4019285\charrsid6840623 hi}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid6840623 bitions by Minister}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Section }{\fs24\lang2057\langfe5129\langnp2057\insrsid6840623 225 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 of the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 principal A}{\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 c}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 t is amended by omitting from sub}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6840623 section (1) the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  following words }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid6840623 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
The Minister shall have an absolute }{\fs24\lang2057\langfe5129\langnp2057\insrsid6840623 right, of his own }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 accord or otherwise and without assig}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6840623 ning reasons, to}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  make an order}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid6840623 
\par and substituting the following words:}{\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6840623 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid6840623 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
Where the Minister suspects that:}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid4019285\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid9441691 {\fs24\lang2057\langfe5129\langnp2057\insrsid9441691 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
any international company or for}{\fs24\lang2057\langfe5129\langnp2057\insrsid9441691 eign company has}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  been, or may be, involved in, or }{
\fs24\lang2057\langfe5129\langnp2057\insrsid9441691 is associated }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 with or related to any person wh}{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid9441691 has }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 be}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9441691 en}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 , }{\fs24\lang2057\langfe5129\langnp2057\insrsid9441691 or may be, }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 involved in the laundering o}{\fs24\lang2057\langfe5129\langnp2057\insrsid9441691 f}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid9441691 proceeds of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 sale of prohibited narcotic}{\fs24\lang2057\langfe5129\langnp2057\insrsid9441691  substances or}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  illegal drugs whether in the Coo}{\fs24\lang2057\langfe5129\langnp2057\insrsid15233005 k I}{\fs24\lang2057\langfe5129\langnp2057\insrsid13855685 slands or}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  elsewhere; or}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid4019285\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid9441691 {\fs24\lang2057\langfe5129\langnp2057\insrsid9441691 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
an international or foreign comp}{\fs24\lang2057\langfe5129\langnp2057\insrsid9441691 any has been, or}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  may be, involved in, or is assoc}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9441691 iated with or}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  related to any person who has be}{\fs24\lang2057\langfe5129\langnp2057\insrsid9441691 en, or may be,}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  involved in criminally fraudulen}{\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid9441691  activities }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 whether in the Cook Islands or e}{\fs24\lang2057\langfe5129\langnp2057\insrsid9441691 lsewhere;}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid9441691 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid9441691 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 then the Minister may make an order }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9441691 80. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid9441691\charrsid9441691 Secrecy}{\fs24\lang2057\langfe5129\langnp2057\insrsid9441691  }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9441691  (1) }{\fs24\lang2057\langfe5129\langnp2057\insrsid5130574 Section 227 of the principal Act is amended by adding the following subsections -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9441691\charrsid9441691 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9441691 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid5130574 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (3) Any person or entity }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5130574 who, with respect to an }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 international company or a}{\fs24\lang2057\langfe5129\langnp2057\insrsid5130574  foreign company registered
}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  under this Act and whether }{\fs24\lang2057\langfe5129\langnp2057\insrsid5130574 in the Cook Islands or }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
elsewhere }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid5130574 {\fs24\lang2057\langfe5129\langnp2057\insrsid5130574 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 divulges;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid5130574 {\fs24\lang2057\langfe5129\langnp2057\insrsid5130574 (b) attempts, offers or threatens}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  to divulge;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid5130574 {\fs24\lang2057\langfe5129\langnp2057\insrsid5130574 (c) induces or attempts to induce other persons to divulge;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid5130574 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid5130574 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (d) incites, abets, }{\fs24\lang2057\langfe5129\langnp2057\insrsid5130574 
counsels or procures any person }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 to divulge; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid5130574 {\fs24\lang2057\langfe5129\langnp2057\insrsid5130574 (e) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
is knowingly concerned in the d}{\fs24\lang2057\langfe5129\langnp2057\insrsid15233005 ivulging of; }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 any information or communicatio}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  in}{\fs24\lang2057\langfe5129\langnp2057\insrsid5130574  respect of, in}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  relation to or concerning }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid5130574 {\fs24\lang2057\langfe5129\langnp2057\insrsid5130574 (i) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
the membership of or ben}{\fs24\lang2057\langfe5129\langnp2057\insrsid9518920 eficial ownership}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  of, any share or other i}{\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 n}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9518920 terest in such a}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  company;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid1655892 {\fs24\lang2057\langfe5129\langnp2057\insrsid9518920 (ii) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
the identity of any memb}{\fs24\lang2057\langfe5129\langnp2057\insrsid9518920 er of such a}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  company or the interest }{\fs24\lang2057\langfe5129\langnp2057\insrsid9518920 (legal or }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 beneficial) of any}{\fs24\lang2057\langfe5129\langnp2057\insrsid4019285  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 such }{
\fs24\lang2057\langfe5129\langnp2057\insrsid9518920 member in such a }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 company;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid1655892 {\fs24\lang2057\langfe5129\langnp2057\insrsid1655892 (iii) }{\fs24\lang2057\langfe5129\langnp2057\insrsid15233005 the management or officers}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1655892  of such a company;}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid1655892 {\fs24\lang2057\langfe5129\langnp2057\insrsid1655892 (iv) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
any of the business, financ}{\fs24\lang2057\langfe5129\langnp2057\insrsid1655892 ial or other}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  affairs or transactions of }{\fs24\lang2057\langfe5129\langnp2057\insrsid1655892 
such a company;}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid1655892 {\fs24\lang2057\langfe5129\langnp2057\insrsid1655892 (v) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
the assets or liabilities o}{\fs24\lang2057\langfe5129\langnp2057\insrsid1655892 f such a}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  company; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid1655892 {\fs24\lang2057\langfe5129\langnp2057\insrsid1655892 (vi) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
the existence of, or the co}{\fs24\lang2057\langfe5129\langnp2057\insrsid1655892 ntents of, any}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  register maintained by such }{\fs24\lang2057\langfe5129\langnp2057\insrsid1655892 
a company or }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 any other documentation hel}{\fs24\lang2057\langfe5129\langnp2057\insrsid1655892 d by the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  company,

\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid1655892 {\fs24\lang2057\langfe5129\langnp2057\insrsid1655892 shall be guilty of an offence against this Act.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid1655892 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2900043 {\fs24\lang2057\langfe5129\langnp2057\insrsid2900043\charrsid12132528 (4) Notwithstanding subsection (3) of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid2900043 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid2900043\charrsid12132528 his section, an offence shall not be committed where information is divulged or made available to the extent reasonably}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2900043  }{\fs24\lang2057\langfe5129\langnp2057\insrsid2900043\charrsid12132528 required in the circumstances:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid2900043 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2900043 {\fs24\lang2057\langfe5129\langnp2057\insrsid2900043 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
by an officer of an internat}{\fs24\lang2057\langfe5129\langnp2057\insrsid2900043 ional company}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  or a foreign company to the }{\fs24\lang2057\langfe5129\langnp2057\insrsid2900043 
Registrar or }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the Minister for the purpose }{\fs24\lang2057\langfe5129\langnp2057\insrsid2900043 of complying }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
with, or facilitating the gi}{\fs24\lang2057\langfe5129\langnp2057\insrsid2900043 ving effect}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  to of, the provisions of thi}{\fs24\lang2057\langfe5129\langnp2057\insrsid2900043 s Act;}
{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2900043 {\fs24\lang2057\langfe5129\langnp2057\insrsid2900043 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
by an officer of an internat}{\fs24\lang2057\langfe5129\langnp2057\insrsid2900043 ional company}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  or foreign company to any pe}{\fs24\lang2057\langfe5129\langnp2057\insrsid2900043 
rson for the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  purpose of carrying on the b}{\fs24\lang2057\langfe5129\langnp2057\insrsid2900043 usiness of}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 the company or is otherwise }{\fs24\lang2057\langfe5129\langnp2057\insrsid15233005 in the best }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 interests of members:}{\fs24\lang2057\langfe5129\langnp2057\insrsid2900043  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 provid}{\fs24\lang2057\langfe5129\langnp2057\insrsid2900043 ed}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid2900043 that }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 nothing herein shall permit }{\fs24\lang2057\langfe5129\langnp2057\insrsid2900043 compliance }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 with any demand or request f}{\fs24\lang2057\langfe5129\langnp2057\insrsid2900043 or}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  information by any foreign g
}{\fs24\lang2057\langfe5129\langnp2057\insrsid2900043 overnment or}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  any court or tribunal of any }{\fs24\lang2057\langfe5129\langnp2057\insrsid2900043 country }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 other than the Cook Islands }{\fs24\lang2057\langfe5129\langnp2057\insrsid2900043 wher}{\fs24\lang2057\langfe5129\langnp2057\insrsid6650121 e}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2900043  the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 divulging of the information }{\fs24\lang2057\langfe5129\langnp2057\insrsid2900043 will, or is }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 likely to, result in the pay}{\fs24\lang2057\langfe5129\langnp2057\insrsid2900043 ment of any tax}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 , p
enalty or any fine by }{\fs24\lang2057\langfe5129\langnp2057\insrsid2900043 the company; }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid15017270 {\fs24\lang2057\langfe5129\langnp2057\insrsid15017270 (c) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
by an officer of an international company or a foreign company to any foreign government or any court or tribunal of any country other than}{\fs24\lang2057\langfe5129\langnp2057\insrsid15017270  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the Cook Islands, but only if and to the extent that the court in the Cook Islands so directs, having been satisfied that t}{\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 he }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 information is required and }{\fs24\lang2057\langfe5129\langnp2057\insrsid15017270 will be used }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
solely for the purposes of a}{\fs24\lang2057\langfe5129\langnp2057\insrsid15017270 n investigation }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 or prosecution }{\fs24\lang2057\langfe5129\langnp2057\insrsid15017270 of any }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 person in relation to the sal}{\fs24\lang2057\langfe5129\langnp2057\insrsid15017270 e, or the laundering o}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
f the proceeds of sale, of any prohibited narcotic substances, whether that sale or laundering occurred in the Cook Islands or elsewhere;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid15017270 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid15017270 {\fs24\lang2057\langfe5129\langnp2057\insrsid15017270 (d) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
by any person to an office}{\fs24\lang2057\langfe5129\langnp2057\insrsid15017270 r of an}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  international company or a }{\fs24\lang2057\langfe5129\langnp2057\insrsid15017270 foreign }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 company or trustee company }{\fs24\lang2057\langfe5129\langnp2057\insrsid15017270 in the course }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
of the performance of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid15017270 duties of that }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 officer;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid12791615 {\fs24\lang2057\langfe5129\langnp2057\insrsid15017270 (e) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
by an officer of an international company or}{\fs24\lang2057\langfe5129\langnp2057\insrsid4019285  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 foreign company to}{\fs24\lang2057\langfe5129\langnp2057\insrsid4019285  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid4019285  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 me}{\fs24\lang2057\langfe5129\langnp2057\insrsid15017270 
mb}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 er of the company where all of the directors of that company consent to such disclosure (or otherwise in accordance with section 107 of this Act);}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid4019285\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid12791615 {\fs24\lang2057\langfe5129\langnp2057\insrsid12791615 (f) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
by an officer of an intern}{\fs24\lang2057\langfe5129\langnp2057\insrsid12791615 ational company}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  or a foreign company to }{\fs24\lang2057\langfe5129\langnp2057\insrsid12791615 
any other person }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 where all of the directors }{\fs24\lang2057\langfe5129\langnp2057\insrsid12791615 of that }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
company consent }{\fs24\lang2057\langfe5129\langnp2057\insrsid12791615 to such disclosure;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid12791615 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid12791615 {\fs24\lang2057\langfe5129\langnp2057\insrsid12791615 (g) by}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 an officer of an intern}{\fs24\lang2057\langfe5129\langnp2057\insrsid12791615 ational company}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  or a foreign company to a}{\fs24\lang2057\langfe5129\langnp2057\insrsid12791615  legal}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  practitioner for the purpo}{\fs24\lang2057\langfe5129\langnp2057\insrsid12791615 se of obtaining}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  leg}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 al advice for the benef}{\fs24\lang2057\langfe5129\langnp2057\insrsid12791615 it of that officer;}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid4019285\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid12791615 {\fs24\lang2057\langfe5129\langnp2057\insrsid12791615 Provided that the M}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
inister may in his abs}{\fs24\lang2057\langfe5129\langnp2057\insrsid12791615 olute}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  discretion prohibit any disclosure of any }{\fs24\lang2057\langfe5129\langnp2057\insrsid12791615 
information }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 permitted by this Act.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid4019285\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid12791615 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (5) Nothing in this section shall pr}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12791615 event the Court}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  from requ}{\fs24\lang2057\langfe5129\langnp2057\insrsid12791615 iring any person to produce documents or to give}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  evidence in any criminal proceedings }{\fs24\lang2057\langfe5129\langnp2057\insrsid15233005 or in any }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
civil proceedings of any facts relevant i}{\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  proceedings in a Court in the Cook Island}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 s.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid12940361 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12940361 (6) In reco
gnition of the desirability of maintaining secrecy in respect of the activities }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid15233005 of all }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12940361 
international companies and foreign comp}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12940361 anie}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12940361 s}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4019285\charrsid12940361 
 }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12940361 registered under this Act, the Minister s}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12940361 hall be}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12940361  obliged to do all things which, in his op}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12940361 inion, are}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12940361  necessary to give full effect to the prov}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid12940361 ision of this}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12940361  section.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4019285\charrsid12940361 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid6970224 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12940361 (7) This section shall bind all inst}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid6970224 rumentalities}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12940361  of the Government of the Cook Islands in }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid6970224 their }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12940361 executive, legislative and judicial capac}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid6970224 ities.}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1071107 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid6970224 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1071107 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12940361 (8) This section shall apply to ever}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1071107 y international}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12940361  company and}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4019285\charrsid12940361  }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12940361 to every foreign company to t}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1071107 he extent to}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12940361 
 which that information relates to any bra}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1071107 nch of the}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12940361  foreign company in the }{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4019285\charrsid12940361 C}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12940361 ook }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4019285\charrsid12940361 I}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12940361 slands or an}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1071107 y business}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12940361 
 which it conducts in the Cook Islands or }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid1071107 in relation to }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12940361 any person who is a resident of the Cook}{
\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4019285\charrsid12940361  Islands.}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12940361 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4019285\charrsid12940361 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 81. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid7416578 Form of company registers and records}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 The principal Act }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 is further amended by inserting after section}{\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 
 228 the following}{\fs24\lang2057\langfe5129\langnp2057\insrsid7416578  section-}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid7416578 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7416578 228A. Subject to section 103 of this Act, }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15233005 any register, records, accounts or documents}{\fs24\lang2057\langfe5129\langnp2057\insrsid7416578  required to be kept by an intern
ational company pursuant to this Act may be kept in written, magnetic, electronic or any other data storage form, provided that the international company can readily produce legible printed evidence of its contents.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7416578 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12342911 {\fs24\lang2057\langfe5129\langnp2057\insrsid7416578 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12342911 82. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid12342911 Asset protection}{\fs24\lang2057\langfe5129\langnp2057\insrsid12342911  }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12342911  The principal Act is further amended by inserting after section 228A the following section:
\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid12342911 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7614149 
228B (1) This section shall only apply to an international company where the articles of that international company state that the section shall so apply.}{\fs24\lang2057\langfe5129\langnp2057\insrsid12342911 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7614149 {\fs24\lang2057\langfe5129\langnp2057\insrsid7614149 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid12342911 {\fs24\lang2057\langfe5129\langnp2057\insrsid7614149 (2) In this section-
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7614149 {\fs24\lang2057\langfe5129\langnp2057\insrsid7614149 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid7614149 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7614149 Expropriation}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7614149  means any act of confiscation, compulsory acquisition, nationalisation or any similar act;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7614149 {\fs24\lang2057\langfe5129\langnp2057\insrsid7614149 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid7614149 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7614149 Membership interest}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7614149  means-
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7614149 {\fs24\lang2057\langfe5129\langnp2057\insrsid7614149 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid7614149 {\fs24\lang2057\langfe5129\langnp2057\insrsid7614149 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 a) any share or interest }
{\fs24\lang2057\langfe5129\langnp2057\insrsid7614149 in any share in an }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 international company }{\fs24\lang2057\langfe5129\langnp2057\insrsid7614149 (other than a }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 bearer share); or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid7614149 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b) any other interest of a p}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7614149 erson where that interest arises from or in connection with the fact that the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 pe}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7614149 rson is a member}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  of an international comp}{\fs24\lang2057\langfe5129\langnp2057\insrsid7614149 any.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid7614149 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Specified person}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid10366311  means the pers}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
on or persons nominated in the articles of an international company for the purpose of this }{\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ection; and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid7614149 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Specified event}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  means any even}{\fs24\lang2057\langfe5129\langnp2057\insrsid7614149 t stated in the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  articles of an international com}{\fs24\lang2057\langfe5129\langnp2057\insrsid7614149 pany to be a}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 specified event in respect of one }{\fs24\lang2057\langfe5129\langnp2057\insrsid7614149 or more of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the members of that international}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15233005  company.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid7614149 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (3) The articles of an internationa}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 l}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  company ma}{\fs24\lang2057\langfe5129\langnp2057\insrsid7100694 y provide that on the happening}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  of any specified event (including without limitation where any foreign}{\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 government expropriates any membership interest of a member of an international company) the}{\fs24\lang2057\langfe5129\langnp2057\insrsid5658023 n the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  p}{\fs24\lang2057\langfe5129\langnp2057\insrsid4019285 rovisions of this section shall}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  apply.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid946456 {\fs24\lang2057\langfe5129\langnp2057\insrsid946456 (4) Upon the concurrence of any specified event:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid946456 {\fs24\lang2057\langfe5129\langnp2057\insrsid946456 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid946456 {\fs24\lang2057\langfe5129\langnp2057\insrsid946456 (a) the membership interest of any member }{\fs24\lang2057\langfe5129\langnp2057\insrsid16196949 
of an international company affected by that event shall automatically vest in the specified person and if more than one specified person, to those specified person
s in the proportions in the manner stated in the articles of the international company; and }{\fs24\lang2057\langfe5129\langnp2057\insrsid946456\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid16021499 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid16021499 {\fs24\lang2057\langfe5129\langnp2057\insrsid16021499 
(b) no other person (including the original owner) shall have any rights in or to the membership interest.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16021499 {\fs24\lang2057\langfe5129\langnp2057\insrsid16021499 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid16021499 {\fs24\lang2057\langfe5129\langnp2057\insrsid16021499 (5) Every holder of a membership interest in an intern
ational company shall be entitled to nominate one or more specified persons and if more than one specified person is nominated by a holder of a membership interest}{\fs24\lang2057\langfe5129\langnp2057\insrsid1466353 ,}{
\fs24\lang2057\langfe5129\langnp2057\insrsid16021499  }{\fs24\lang2057\langfe5129\langnp2057\insrsid1466353 the proportions and the manner in which the membership interest }{\fs24\lang2057\langfe5129\langnp2057\insrsid16021499 shall vest in each of those
 specified persons shall be stated.}{\fs24\lang2057\langfe5129\langnp2057\insrsid3821686 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid3821686 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid16021499 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (6) A holder of a membership interest }{
\fs24\lang2057\langfe5129\langnp2057\insrsid16021499 in an }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 international company shall be entitled at }{\fs24\lang2057\langfe5129\langnp2057\insrsid16021499 any}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  time}{\fs24\lang2057\langfe5129\langnp2057\insrsid11488689 , and from time to time, }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 to nominate or remo}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11488689 ve a specified person by notice in writing }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 to t}{\fs24\lang2057\langfe5129\langnp2057\insrsid11488689 he}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  international}{\fs24\lang2057\langfe5129\langnp2057\insrsid11488689  company.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11488689 {\fs24\lang2057\langfe5129\langnp2057\insrsid11488689 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid11488689 83. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11488689 
Application for various sections to companies limited by guarantees and companies limited by both guarantees and shares}{\fs24\lang2057\langfe5129\langnp2057\insrsid11488689 
- The principal Act is further amended by inserting after section 228B the following section:
\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid11488689 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 228C.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11488689 (1) Reference in the following sections of this Act to the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11488689 share}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11488689 , }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11488689 shares}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11488689  and }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11488689 shareholder}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11488689 
 shall, in respect of a company limited by a guarantee or a company limited by shares and limited by guarantee, be taken to be a reference to the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11488689 membershi}{\fs24\lang2057\langfe5129\langnp2057\insrsid1466353 p interest}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11488689 , }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11488689 membership interests}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11488689  and }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11488689 member}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11488689 , respectively:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3483601 {\fs24\lang2057\langfe5129\langnp2057\insrsid11488689 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid1466353 {\fs24\lang2057\langfe5129\langnp2057\insrsid1466353 Section 6
\par Section 14
\par Section 16
\par Section 31
\par Section 33
\par Section 49
\par Section 53
\par Section 55
\par Section 61
\par Section 62
\par Section 63
\par Section 65
\par Section 68
\par Section 69
\par Section 70
\par }\pard\plain \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid1466353\yts16 \fs20\cf1\lang5129\langfe5129\cgrid\langnp5129\langfenp5129 {\fs24\lang2057\langfe5129\langnp2057\insrsid1466353 Section 71
\par }\pard\plain \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid1466353 \fs20\cf1\lang5129\langfe5129\cgrid\langnp5129\langfenp5129 {\fs24\lang2057\langfe5129\langnp2057\insrsid1466353 Section 94
\par Section 99
\par Section 105
\par Section 107
\par Section 111
\par Section 117
\par }\pard\plain \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid1466353\yts16 \fs20\cf1\lang5129\langfe5129\cgrid\langnp5129\langfenp5129 {\fs24\lang2057\langfe5129\langnp2057\insrsid1466353 Section 127
\par }\pard\plain \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid1466353 \fs20\cf1\lang5129\langfe5129\cgrid\langnp5129\langfenp5129 {\fs24\lang2057\langfe5129\langnp2057\insrsid1466353 Section 130A
\par }\pard\plain \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid1466353\yts16 \fs20\cf1\lang5129\langfe5129\cgrid\langnp5129\langfenp5129 {\fs24\lang2057\langfe5129\langnp2057\insrsid1466353 Section 159
\par }\pard\plain \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid1466353 \fs20\cf1\lang5129\langfe5129\cgrid\langnp5129\langfenp5129 {\fs24\lang2057\langfe5129\langnp2057\insrsid1466353 Section 172
\par }\pard\plain \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid1466353\yts16 \fs20\cf1\lang5129\langfe5129\cgrid\langnp5129\langfenp5129 {\fs24\lang2057\langfe5129\langnp2057\insrsid1466353 Section 209
\par Section 210
\par }\pard\plain \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid1466353 \fs20\cf1\lang5129\langfe5129\cgrid\langnp5129\langfenp5129 {\fs24\lang2057\langfe5129\langnp2057\insrsid1466353 All the sections of Part XII}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid1466353 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1074810 {\fs24\lang2057\langfe5129\langnp2057\insrsid3483601 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid1074810 84. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid1074810 
Non-application of Divisions 2 and 3 to Registered Listed }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid2706734 C}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid1074810 ompanies}{\fs24\lang2057\langfe5129\langnp2057\insrsid7745418 
- Division I of XII of the principal Act is amended }{\fs24\lang2057\langfe5129\langnp2057\insrsid13972487 by inserting after section 229A the following section:
\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid13972487 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid13972487 
229B. Nothing in Division 2 or Division 3 of this Part of this Act shall apply to any Registered Listed Company.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid13972487  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid1074810\charrsid1074810 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid1074810 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid13972487 85. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid13972487 Application moneys to be held in trust until allotment}{\fs24\lang2057\langfe5129\langnp2057\insrsid13972487 - Section 241 of the prin
cipal Act is amended by:-
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid13972487\charrsid13972487 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid13972487 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Omitting subsection (1) and substituting th}{\fs24\lang2057\langfe5129\langnp2057\insrsid8536981 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 following subsection:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2706734 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (1) Subject}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13972487  to section 240(3), (4) and (5), all }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 application and other moneys paid prior to allotment by any applicant on account of sh}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8536981 ares or }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 debentures offered to }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the }
{\field\fldedit{\*\fldinst {\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  HYPERLINK http://public.by }{\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid4330093\charrsid5129772 {\*\datafield 
00d0c9ea79f9bace118c8200aa004ba90b0200000003000000e0c9ea79f9bace118c8200aa004ba90b2400000068007400740070003a002f002f007000750062006c00690063002e00620079002f00000000000000000000570000006e00000050ee00}}}{\fldrslt {
\cs15\fs24\cf0\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 public by}}}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 an international company, shall until the allotment of such shares or debentures, be held by the company upon trust for the applicant in a separate trust account at a bank or in the case of a prospectus registered in any jurisdiction in which is located 
an Approved Stock Exchange as defined in section 126A of this Act shall be held in accordance with the laws of that jurisdictio}{\fs24\lang2057\langfe5129\langnp2057\insrsid8536981 n.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2706734 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Omitting from subsection (3) the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 and, }{
\fs24\lang2057\langfe5129\langnp2057\insrsid13331981 in }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 any case where Division 2 of this Part has n}{\fs24\lang2057\langfe5129\langnp2057\insrsid13331981 o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  application by virtue of section 229A, shall }{\fs24\lang2057\langfe5129\langnp2057\insrsid13331981 also }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
mean any bank in any jurisdiction in which i}{\fs24\lang2057\langfe5129\langnp2057\insrsid8536981 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  located an Approved Stock Exchange as define}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13331981 d in}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  section 126A of this Act the name of which h}{\fs24\lang2057\langfe5129\langnp2057\insrsid13331981 as}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  been notified by the relevant official of th}{\fs24\lang2057\langfe5129\langnp2057\insrsid3439856 at }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
jurisdiction responsible for regulating bank}{\fs24\lang2057\langfe5129\langnp2057\insrsid13331981 s to}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the Registrar that such bank is an approved}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 86. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid8536981 Proper law}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Section 245 of the principal Act is amended by omitting the word }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 notwithstanding}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  and substitu}{\fs24\lang2057\langfe5129\langnp2057\insrsid8536981 ting}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the words }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid8940148 subject to}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid8940148 .}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 87. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid8536981 Regulation of foreign investment in the Cook Isla}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid8536981\charrsid8536981 nds}{\fs24\lang2057\langfe5129\langnp2057\insrsid8536981  - }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Subsection (1) of Section 249A }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 of the principal Act is ame}{\fs24\lang2057\langfe5129\langnp2057\insrsid8536981 nded}{\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528  by:}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10560015 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10560015 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (a) Omitting from the definition of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Administrat}{\fs24\lang2057\langfe5129\langnp2057\insrsid8536981 ion of}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  onshore business}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  paragraph (c) and substitu}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8536981 ting}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the following paragraph:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid3439856 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(c) any transaction or dealing by an international company or a foreign company }{\fs24\lang2057\langfe5129\langnp2057\insrsid8536981 with a }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 local entity}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid3439856 {\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 (i) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
registered under the Banking Act }{\fs24\lang2057\langfe5129\langnp2057\insrsid10560015 1969 }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 for the purposes of facilitating }{\fs24\lang2057\langfe5129\langnp2057\insrsid10560015 
the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 deposit with or movement by that }{\fs24\lang2057\langfe5129\langnp2057\insrsid10560015 local }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
entity of any of the monies of t}{\fs24\lang2057\langfe5129\langnp2057\insrsid8536981 he}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  company; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid3439856 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (ii)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 registered under the Off}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Shore B}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 anking}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  Act 1981 where the transaction o}{\fs24\lang2057\langfe5129\langnp2057\insrsid8536981 r}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  dealing is with that division of local entity which exercises the }{\fs24\lang2057\langfe5129\langnp2057\insrsid10560015 right }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 to transact off}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 shore banking bu}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10560015 siness}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  conferred on it pursuant to that Act;}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 ;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid12544202 {\fs24\lang2057\langfe5129\langnp2057\insrsid12544202 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
Omitting from the definition of }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Local entity}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  paragraph (a) and substituting the following paragraph:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid3439856 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid12544202 (a)}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3439856  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 in the case of a body corporate }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid3439856 {\fs24\lang2057\langfe5129\langnp2057\insrsid12544202\charrsid12544202 (i}{\fs24\lang2057\langfe5129\langnp2057\insrsid12544202 ) }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 a domestic company (except where su}{\fs24\lang2057\langfe5129\langnp2057\insrsid8536981 ch}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
 a company is a trustee company);}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3439856 {\fs24\lang2057\langfe5129\langnp2057\insrsid12544202 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid3439856 {\fs24\lang2057\langfe5129\langnp2057\insrsid12544202 (ii) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
the branch or office in the Cook Islands of an overseas company registered as such under the Companies Act 1970}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 71 (which branch or office shall for the purposes of this part of this Act be deemed to have legal existence and personality separate and distinct from the lega}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8536981 l}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  existence and personality }{\fs24\lang2057\langfe5129\langnp2057\insrsid12544202 
separate and distinct from the legal existence and personality of that company as a whole and its business and operations }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 deemed similarly separate and distinct);
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5446879 {\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid3439856 {\fs24\lang2057\langfe5129\langnp2057\insrsid2181275 (iii) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
any foreign company which in contravention of Section 200(4) }{\fs24\lang2057\langfe5129\langnp2057\insrsid15225213 of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 this Act either has a place of business in the Cook Islands}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15225213  o}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 r carries on business in the Cook Islands;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5446879 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li2160\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\pararsid3439856 {\fs24\lang2057\langfe5129\langnp2057\insrsid15225213 (iv) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
any other body corporate formed }{\fs24\lang2057\langfe5129\langnp2057\insrsid15225213 or }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 incorporated in the Cook Islands}{\fs24\lang2057\langfe5129\langnp2057\insrsid15225213 
 (except a body incorporated o}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 r registered this Company, the Inte}{\fs24\lang2057\langfe5129\langnp2057\insrsid8536981 rnational Trusts Act 1984 or the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  International Partnership Act 1984;}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid8536981 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 88. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid8536981 Conse}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid8536981\charrsid8536981 q}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid8536981 uential repeals and amendments}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  (1) Subsection (10) of section 14 of the principal Act is amended }{\fs24\lang2057\langfe5129\langnp2057\insrsid8536981 by }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 inserting after the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 desiring the incorporation of an
}{\fs24\lang2057\langfe5129\langnp2057\insrsid8536981  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 international company}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 having a share capital}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid8536981 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5446879 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (2) Subsection (3) of section 18 of the principal Act is repealed.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid8536981 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5446879 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(3) Subsection (19) of section 14 of the principal Act is amended by omitting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 share warrant}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  and substituting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 share certificate issued to bearer}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid8536981 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5446879 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(4) Subsection (1) of section 68 of the principal Act is amended by inserting after the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 other than a}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid8536981  the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 share warrant}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid8536981 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5446879 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (5) Subsection (11) of section 83 of the principal Act is repealed.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid8536981 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5446879 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
(6) Subsection (1) of section 93 of the principal Act is amended by inserting after the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 paid}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 up capital}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 or other membership interests}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5446879 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (7) Subsection (2) of section 107 of the principal Act is amended by omitting the word 
}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 shareholding}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  wherever it appears and substituting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
membership interest}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5446879 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (8) Subsection (4) of section 114 of the principal }{
\fs24\lang2057\langfe5129\langnp2057\insrsid8536981 Act is }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 amended by adding the following paragraph:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid7692730 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid5446879 {\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid16134261\charrsid12132528 
(e) in the case of a mutual company the number}{\fs24\lang2057\langfe5129\langnp2057\insrsid15225213  }{\fs24\lang2057\langfe5129\langnp2057\insrsid9269188 and }{\fs24\lang2057\langfe5129\langnp2057\insrsid16134261\charrsid12132528 
total aggregate value of all membership interests is}{\fs24\lang2057\langfe5129\langnp2057\insrsid9269188 sued by}{\fs24\lang2057\langfe5129\langnp2057\insrsid15225213  }{\fs24\lang2057\langfe5129\langnp2057\insrsid16134261\charrsid12132528 the company.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid16134261\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid16134261\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5446879 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (9) Section 126N of the principal Act is amended b}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8536981 y}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  omitting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 subsection (1)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  and substituting the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid8536981 words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 subsection (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}
{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5446879 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (10)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15147737\charrsid12132528  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 Subsect}{\fs24\lang2057\langfe5129\langnp2057\insrsid11953047 ion (1) of section 126X }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 of the principa}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10235026 l}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid10235026 Act is }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 amended by omitting the number }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 217}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  and substituting th}{\fs24\lang2057\langfe5129\langnp2057\insrsid10235026 e}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  }{\fs24\lang2057\langfe5129\langnp2057\insrsid813283 word }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 and numbers }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 54A, 54B and 54C}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5446879 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (11) Subsection (2) of section 126G of the principa}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10235026 l Act is }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 amended by omitting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 subsection (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  and subst}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10235026 ituting }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 subsections (2) and (2A)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5446879 {\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 (12) Subsection (1) of section 167 of the principal }{
\fs24\lang2057\langfe5129\langnp2057\insrsid10235026 Act is }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 amended by inserting after the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 bearer shares}{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528  the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid10235026 words }{\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 or share warrants}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5446879 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5446879 {\fs24\lang2057\langfe5129\langnp2057\insrsid13514661 (13) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
Section 217 of the principal Act is}{\fs24\lang2057\langfe5129\langnp2057\insrsid13514661  repealed.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid16134261 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5446879 {\fs24\lang2057\langfe5129\langnp2057\insrsid13514661 (14) }{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
Section 218 of the principal Act is}{\fs24\lang2057\langfe5129\langnp2057\insrsid13514661  repealed.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid12132528 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3439856 {\fs24\lang2057\langfe5129\langnp2057\insrsid3439856 
\par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3439856 {\fs24\lang2057\langfe5129\langnp2057\insrsid9376831 ----------------------------------------}{\fs24\lang2057\langfe5129\langnp2057\insrsid3439856 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10366311 {\fs24\lang2057\langfe5129\langnp2057\insrsid3439856\charrsid12132528 
\par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3439856 {\i\fs24\lang2057\langfe5129\langnp2057\insrsid7692730\charrsid10366311 This Act is administered by the Cook Islands Monetary Board}{
\i\fs24\lang2057\langfe5129\langnp2057\insrsid11873890\charrsid3439856 
\par }}