245. Meaning of unregistered company.
246. Winding up of unregistered companies.
247.
248.
249.
250.
251.
252
258.
254.
Contributories in winding up of muregistered company. Power of court to stay or restrain proceedings. Actions stayed on winding-up order,
Directions as to property in certain cases.
Provisions of Part of Ordinace cumulative.
PART IX.
COMPANIES ESTABLISHED OUTSIDE THE COLONY. Requiements as to rumpanies established outside the Colony. Power of companies incorporated outside the Colony to hold
lands.
PART X.
SUPPLEMENTAL,
Legal Proceedings, Offences, &e.
Prosecution of offences,
Costs in netions by certain limited companies.
255.
Applications of fines
256.
27.
Power to strike off register on non payment of fine.
244.
Power of court to grant relief in certain cases:
239. Penalty for false statement.
26. Penalty for impro, or use of word “Limited.”
261. Interpretation.
262.
Interpretation, &c.
Repeal of Ordinances and Transiti-mal Provisions, Ke end of Ordinances and savings.
203. Suving of pending proceedings for winding up. 261. Saving of deeds,
265.
Former registration offices, registers, official receivers, &c.
continued.
206. Saving for existing rules of procedure, &e.
217.
Substitution of provisions of this Ordinance for provisions of
repealed Ordinances.
208. Saving for Life and Fire Insurance Companies Ordinances.
Commencement of Act.
269.
SCHEDULES.
A BILL
ENTITLED
Law
An Ordinance to consolidate and amend the
[crdinance] relating to companies.
Be it enacted by the Governor of Hongkong, with the advice and consent of the Legislative Council thereof, as follows:-
1.-(!) This Ordinance may be cited as the Companies Short title. Ordinance, 191!.
(2) This Ordinance applies to every company regis- Application. tered in this Colony either before or after the commence-
ment of this Ordinance and notwithstanding that the whole or part of its business is or may be carried on else- where.
PART 1.
CONSTITUTION AND INCORPORATION.
Prohibition of Large Partnerships.
2.[-(1) No company, association, or partnership con- Prohibition sisting of more than ten persons shall be formed after the of partner- commencement of this Ordinance for the purpose of carrying ships exceed- on the Lusiness of banking, unless it is registered as a ing certain company under this Ordinance, or is formed in pursuance 3 Edw. 7 c. of some other Ordinance, or of letters patent.]
number.
69 s. 1.
[(2)] No company, association, or partnership consisting of more than twenty persons shall be formed for the the business of bank- purpose of carrying on [] any other business that has for ing or
its object the acquisition of gain by the company, association, or partnership, or by the individual members thereof, unless it is registered as a company under this Ordinance, or is formed [] in pursuance of some other Ordinance, [] or Act, or of letters patent.
under or
or of a Charter of
incorpora- tion