Part 10

Charitable companies etc.

Disclosure of charitable status by companies

Civil consequences of failure to make required disclosure
195
1
This section applies to any legal proceedings brought by a charitable company to which section 194 applies to enforce a right arising out of a contract or conveyance in connection with which there was a failure to comply with that section.
2
The proceedings must be dismissed if it is shown that the defendant to the proceedings—
a
has a claim against the company arising out of the contract or conveyance that the defendant has been unable to pursue because of the company's failure to comply with section 194, or
b
has suffered some financial loss in connection with the contract or conveyance because of the company's failure to comply with that section,
unless the court before which the proceedings are brought is satisfied that it is just and equitable to permit the proceedings to continue.
3
This section does not affect the right of any person to enforce such rights as that person may have against another in any proceedings brought by the other.