Article 43 - Disclosures Required of an Investment Club in the Use of its Name
(1) The name of an Investment Club, its registered number, and the address of its registered office shall appear in legible characters in all its business letters, written orders for goods or services, invoices and receipts, written demands for payment and other such similar Documentation.
(2) If an Officer of an Investment Club or a person on its behalf:
a. authorises the issue of any business letter of the Investment Club, or any Document mentioned in Article 43(1), in which the Investment Club's name is not so mentioned as required by Article 43(1); or
b. signs or authorises to be signed on behalf of the Investment Club any bill of exchange, promissory note, endorsement, cheque or order for money or goods in which the Investment Club's name is not mentioned as required by Article 43(1),
he is in contravention of these Regulations and he is further personally liable to the holder of any such bill of exchange, promissory note, cheque or order for money or goods for the amount of it (unless it is duly paid by the Investment Club).
|Derived (as from 20th December 2016).|