107 The requirements for the use of a company name

The requirements for the use of a company name

Section 121(2) of the Act provides that if an officer of a company or any person on its behalf –

(a) uses or authorizes the use of any seal purporting to be a seal of the company whereon its name does not so appear;

(b) issues or authorizes the issue of any business letter, statement of account, invoice, official notice or publication of the company wherein its name and former name (if applicable) is not so mentioned; or

(c) signs issues or authorizes to be signed or issued on behalf of the company any bill of exchange, promissory note, cheque or other negotiable instrument or any endorsement, order, receipt or letter of credit wherein its name and former name (if applicable) is not so mentioned, he shall be guilty of an offence against this Act, and where he has signed, issued or authorized to be signed or issued on behalf of the company any bill of exchange, promissory note or other negotiable instrument or any endorsement thereon or order wherein that name and former name (if applicable) is not so mentioned, he shall in addition be liable to the holder of the instrument or order for the amount due thereon unless it is paid by the company.

 

Activity 2.10
Question to activity 2.10
Suggested answers to activity 2.10

License

The requirements for the use of a company name Copyright © 2011 by Wawasan Open University. All Rights Reserved.

Feedback/Errata

Comments are closed.