12. Use of company name and company number

all business letters of the company ;

all notices and other official publications of the company ;

all bills of exchange, promissory notes, endorsements, cheques and orders for money or goods signed on behalf of the company ;

all invoices, receipts and letters of credit of the company ;

all other documents issued or signed by the company which creates or is evidence of a legal obligation of the company ; and

the company seal, if any.

the company shall be guilty of an offence and be liable on conviction to a fine not exceeding fifty thousand rupees ; and

every officer of the company who is in default shall be guilty of an offence and be liable on conviction to a fine not exceeding fifty thousand rupees.

a document that creates or is evidence of a legal obligation of a company, is issued or signed by or on behalf of the company ; and

the name and company number of the company are not correctly stated in the document, every person who issued or signed the document will be liable to the same extent as the company if the company fails to discharge the obligation, unless-

the person who issued or signed the document proves, that the person in whose favour the obligation was incurred was aware at the time the document was issued or signed, that the obligation was incurred by the company ; or

the court is satisfied that it would not be just and equitable for that person to be so liable.