A180
Ord. No. 51/78
(Cap. 1.)
COMPANIES (AMENDMENT)
tions as the Registrar thinks fit, and those conditions and regulations shall be binding on the body to which the licence is granted, and (where the grant is under sub- section (1)) shall, if the Registrar so directs, be inserted in the memorandum and articles, or in one of those documents.
(4) A body to which a licence is granted under this section shall be exempted from the provisions of this Ordinance relating to the use of the word "Limited" as any part of its name, the publishing of its name and the sending of lists of members to the Registrar.
(5) A licence under this section may at any time be revoked by the Registrar, and upon revocation the Registrar shall enter the word "Limited" at the end of the name upon the register of the body to which it was granted, and the body shall cease to enjoy the exemptions and privileges or, as the case may be, the exemptions granted by this section:
Provided that before a licence is so revoked, the Registrar shall give to the body notice in writing of his intention, and shall afford it an opportunity of being heard in opposition to the revocation.
(6) A body in respect of which a licence under this section is in force shall not have power to alter its memorandum or articles unless-
(a) it gives to the Registrar the same notice of the resolution relating to the proposed alteration as
it is required to give to the members of the body; and
(b) the proposed alteration is approved in writing
by the Registrar.
(7) Where a body in respect of which a licence under this section is in force alters its memorandum or articles. the Registrar may (unless he sees fit to revoke the licence) vary the licence by making it subject to such conditions and regulations as the Registrar thinks fit, in lieu of or in addition to the conditions and regulations, if any, to which the licence was formerly subject.
(8) Where a licence granted under this section to a body the name of which contains the words "Chamber of Commerce" is revoked, the body shall within a period of 6 weeks from the date of revocation or such longer period as the Registrar may think fit to allow, change its name to a name which does not contain those words, and-
(a) the notice to be given under the proviso to sub- section (5) to that body shall include a statement to the effect of the foregoing provisions of this subsection; and
(b) subsections (4) and (5) of section 22 shall apply to a change of name under this subsection as they apply to a change of name under that section. (9) If a body referred to in subsection (8) makes default in complying with the requirements of that sub- section, it shall be liable to a fine not exceeding $500 for every day during which the default continues.
(10) Without prejudice to section 23 of the Inter- pretation and General Clauses Ordinance, this section shall