1101
No. S. 484.-The following bills, which it is proposed to introduce shortly, are published for general information :-
C.S.O. 1 in 601/15.
A BILL
INTITULED
[No. 18-31.8.29.—2.]
An Ordinance to amend further the Companies
Ordinance, 1911.
BE it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof, as follows:-
1. This Ordinance may be cited as the Companies Short title. Amendment Ordinance, 1929.
2. Section 113 of the Companies Ordinance, 1911, as Amendment amended by section 8 of the Companies Amendment Ordi- of Ordinance nance, 1925, is further amended by the insertion of the No. 58 of
1911, s. 113 following words at the end of sub-section (1) :--
(1). Ordinance
The list thus published shall be divided into two No. 15 of parts. The first part shall contain the names of 1925. persons qualified to perform the duties required by this Ordinance to be performed by an auditor where the accounts are kept in English and the second part shall contain the names of such per- sons as are qualified to perform the duties where the accounts are kept in Chinese. Where the accounts of a company are kept in English no person shall be appointed auditor unless his name appears in the first part of the list, and where the accounts of a company are kept in Chinese no person shall be appointed auditor unless his name appears in the second part of the list. Every company which keeps its accounts partly in English and partly in Chinese shall have its accounts audited as to that part which is kept in English by a person whose name appears in the first part of the list and as to that part of its accounts which are kept in Chinese by a person whose name appears in the second part of the list.
3. The Companies Ordinance, 1911, is amended by the addition of the following section immediately after section 273:-
274.-(1) Notwithstanding anything con- tained in sections 35, 36 or 37, a China com- pany having a share capital may, if so autho- rised by its articles, cause to be kept in the United Kingdom or any British possession or British protectorate a branch register of mem- bers, in this Ordinance called a "branch register".
(2) The company shall give to the Regis- trar of Companies notice of the situation of the office where any branch register is kept. and of any change in its situation, and of the discontinuance of the branch register in the event of its being discontinued.
(3) A branch register shall be deemed to be part of the company's register of members (in this section called "the principal register ").
Insertion of new section 274 in Ordinance No. 58 of 1911.