Clause 19

by deleting sub-paragraph (iii) of subsection (1)(b) and substituting the following sub-paragraph:“(iii)there has been lodged with the Registrar a declaration in the prescribed form by —

the secretary or one of the directors of the company; or (B)an advocate and solicitor, accountant or prescribed person, authorised by the company,verifying that sub-paragraphs (i) and (ii) have been complied with.”;

by deleting paragraph (c) of subsection (2) and substituting the following paragraph:“(c)there has been lodged with the Registrar a declaration in the prescribed form by —

the secretary or one of the directors of the company; or (ii)an advocate and solicitor, accountant or prescribed person, authorised by the company, verifying that paragraph (b) has been complied with.”;

by deleting subsection (3) and substituting the following subsection:“(3) The Registrar shall, on the lodgment of the declaration under subsection (1)(b)(iii) or (2)(c), as the case may be, issue a notice in the prescribed form that the company is entitled to commence business and to exercise its borrowing powers; and that notice shall be conclusive evidence of the matters stated in it.”; and

by inserting, immediately after subsection (6), the following subsection:“(7) Upon the application of a company which has received a notice under subsection (3) and payment of the prescribed fee, the Registrar shall issue to the company a certificate, under his hand and seal, confirming that the company is entitled to commence business and to exercise its borrowing powers, and that certificate shall be conclusive evidence of the matters stated in it.”.