Memorandum and Articles - Sino

persons entitled to the dividend or capitalised fund, and such appointment shall be effective.
Effects of
t¡ansfer
lnterest on
capital raised
for constructron,
etc.
Retention in
certâln cases
Dividends to
joint holders
Payment by
post
Notice of
dividends
Unclaimed
dividends
136. A transfer of shares shall not pass the right to any dividend declared thereon before the
registration of the transfer.
I37. The Directors may pay interest on capital raised for the construction of works or buildings,
when and so far as they shall be authorized so to do by Section 57 of the Ordinance.
138. The Directors may retain the dividends payable upon shares in respect of which any person
is under the Transmission Clause (Article 44) entitled to become a member, or which any person
under that Article is entitled to transfer, until such person shall become a member in respect thereof,
or shall duly transfer the same.
139. Any one of several persons who are registered as the joint holders of any share may give
effectual receipts for all divìdends and payments on account of dividends in respect of such share.
140. Unless otherwise directed any dividend may be paid by cheque or warant sent by post to
the registered address of the member or person entitled, or, in the case of joint holders, to the registered
address of that one whose name stands first on the Register in respect of the joint holding; ancl every
cheque or warrant so sent shall be made payable to the order of the person to whom it is sent.
l4l . Notice of the declaration of dividend, whether interim or otherwise, shall be given to the
holders of the registered shares in manner hereinafter provided.
*142. All dividends unclaimed for one year after having been declared may be invested or
otherwise made use of by the Directors for the benefit of the Company until claimed, and all profits
earned by such investment or use shall belong to the Company. All dividends unclaimed for six
years after having been declared may be forfeited by the Directors for the benefit of the Company.
*Amended by Spccial Resolution passed on 291611990.
Accounts
Accounls to
be kept
(a)
Of the sums of money received and expended by the Company, and the matters in respect
of which such receipt and expenditure takes place;
(b)
(c)
Of the assets and liabilities of the Company, and
Of all other matters necessary for showing the true state and condition of the Company.
Where to be
kept
Inspection
by members
Annual
account and
balance
sheet
The books of account shall be kept at the Office of the Company or at such other place
or places as the Directors think fit, and shall at all times be open to inspection by the Directors.
144. The Directors shall from time to time determine whether and to what extent, and at what
times and places, and under what conditions or regulations, the accounts and books of the Company,
or any of them, shall be open to the inspection of the members; and no member shall have any
right of inspecting any account or book of the Company, except as conferred by Ordinance or
authorised by the Directors, or by a resolution of the Company in general meeting.
145. At the Annual General Meeting in every year, the Directors shall lay before the meeting
a profit and loss account, and a balance sheet, containing a summary of the property and liabilities
of the Company made up to a date not more than nine months before the meeting, from the time
when the last preceding account and balance sheet were made up, and such balance sheet and account
shall comply with the provisions of Sections 122 and 128 of the Ordinance, but the Directors shall
not be bound to disclose greater details of the result or extent of the trading and transactions of
the Company than they may deem expedient, and if the Company has issued redeemable preference
shares the Company shall comply with the provisions of Section 49 of the Ordinance.
143. The Directors shall cause true accounts to be kept:-
-23-