THE SEAL. 31.1 If the Company has a seal it shall only be used with the authority of the Directors or of a committee of Directors. The Directors may determine who shall sign any instrument to which the seal is affixed and unless otherwise so determined it shall be signed by a Director and by the Secretary or a second Director. The obligation under ARTICLE 5 relating to the sealing of share certificates shall apply only if the Company has a seal. 31.2 The Company may exercise the powers conferred by Section 39 of the Act with regard to having an official seal for use abroad, and such powers shall be vested in the Directors.
Appears in 1 contract
Sources: Shareholders Agreement (TRX Inc/Ga)
THE SEAL. 31.1 18.1 If the Company has a seal it shall only be used with the authority of the Directors or of a committee of Directorsdirectors. The Directors may determine who shall sign any instrument to which the seal is affixed and unless otherwise so determined it shall be signed by a Director and by the Secretary secretary or a second Director. The obligation under ARTICLE 5 Regulation 6 relating to the sealing of share certificates shall apply only if the Company has a seal. Regulation 101 shall not apply to the Company.
31.2 18.2 The Company may exercise the powers conferred by Section section 39 of the Act with regard to having an official seal for use abroad, and such powers shall be vested in the Directors.
Appears in 1 contract
Sources: Securities Purchase Agreement (Transworld Healthcare Inc)