(10) On receipt of a notice from a foreign company that it has ceased to have a place of business in Zimbabwe, the Registrar shall remove the name of that foreign company from the register and shall publish notice thereof in the Gazette. (11) When the Registrar has reasonable cause to believe that a foreign company has ceased to have a place of business in Zimbabwe, section three hundred and twenty shall apply, mutatis mutandis . (12) Where the Minister is of the opinion that it will be in the public interest to do so, he may, not later than six months after the registration of the foreign company concerned— (a ) revoke; or (b ) amend any conditions of or impose any new conditions upon; the certificate issued in terms of subsection (2) in respect of any foreign company: Provided that, before exercising any of his powers in terms of this subsection, the Minister shall give the foreign company concerned not less than one month’s notice in writing of his proposal to do so, and shall afford it an opportunity of making, in writing, such representations to him relating to his proposal as it may wish. (13) If any foreign company— (a ) establishes a place of business within Zimbabwe without being registered; or (b ) fails to comply with any other requirement of this section; or (c) fails to comply with any condition imposed upon any certificate which was issued in respect of the foreign company in terms of subsection (2); or (d ) carries on business in Zimbabwe after the certificate which was issued in respect of the foreign company in terms of subsection (2) has been revoked in terms of subsection (12); the foreign company and every officer of the foreign company in Zimbabwe who is in default shall be guilty of an offence and liable to a fine not exceeding level eleven and further, in the case of continuing default, to a default fine not exceeding level two (14) This section shall not apply to any foreign company which — (a ) submits an application for an investment licence; (b ) intends to provide services as a bank or an insurer; (c) intends to develop an area into an export processing zone area; in terms of the Export Processing Zones Act [Chapter 14:09]. (15) In this section— “principal officer”, in relation to a foreign company, means the person notified in terms of paragraph (b ) of subsection (3) as the person responsible for the management of the business of that company in Zi mbabwe. [Section as amended by Act No. 22 of 2001] 331 Further administrative duties of foreign company (1 ) Every foreign company shall— (a ) continuously display on the outside of every place in which it carries on business in Zimbabwe in a conspicuous position, in letters easily legible, its name and the country in which it is incorporated; and (b ) have its name engraved in legible characters on its seal, if any; and (c) have its name mentioned in legible characters in all letterheads, notices, advertisements and other off icial publications of the company and in all bills of exchange, promissory notes, endorsements, cheques and orders for money or goods purporting to be signed by or on behalf of the company and in all deli very notes, invoices, receipts and letters of credit of the company and additionally, in the case of letterheads, have mentioned in legible characters the name of the foreign country in which the company is incorporated; and (d ) in all business letters on or in which the name of the company appears and which are issued or sent by the company to any person, state in legible characters, with respect to every director resident in Zimbabwe or, if there is no such director, the principal officer as defined in subsection (15) of section three hundred and thirty, his present Christian names or the initials thereof and present surname; and (e) in respect of its transactions within Zimbabwe, comply with section one hundred and forty. (2 ) The proviso to subsection (1) of section one hundred and thirteen and of subsections (2 ), (3 ) and (4 ) of that section shall apply, mutatis mutandis , in relation to a foreign company and to the officers or any person acting on behalf of an officer of a foreign company. (3 ) For the purposes of paragraph (d) of subsection (1)— “business letter” includes any quotation or order form but does not include any invoice, statement, delivery note, packing note or similar document. 332 Certain provisions of Act applied to banking companies Subsections (1), (2) and (4 ) of section one hundred and forty-one, subsections (1), (2), (6) and (7) of section one hundred and forty-two, subsections (1) and (3) of section one hundred and forty-seven and section one hundred and forty -eight shall apply to every foreign company which is a banking company.