Certificate to be send by private company with annual return
125. A private company shall send to the Registrar together with the annual return required to be sent under the provisions of section 120, a certificate signed by a director and by the secretary of the company that the company has not, since the date of the last return, or, in the case of a first return, since the date of the incorporation of the company, issued any invitation to the public to subscribe for any shares or debentures of the company, and, where the annual return discloses the fact that the number of members of the company exceeds fifty, also a certificate so signed that the excess consists wholly of persons who, under the provisions of paragraph (b) of subsection (1) of section 30 are not to be included in reckoning the number of fifty. |