THE HONGKONG GOVERNMENT GAZETTE, OCTOBER 4, 1907.
(7.) The company may discontinue the keeping of any extra colonial register, and thereupon all entries in that register shall be transferred to some other extra colonial register kept by the company, or to the register of mem- hers kept at the registered office of the company.
(8.) In relation to stamp duties the following provisions shall have offect :-
(a.) An instrument of transfer of a share registered in an extra colonial register under this Ordinance shall be deemed to be a transfer of property situated out of the Colony,
(b.) The share or other interest of a deceased member registered in an extra colonial register kept under this Ordinance shall so far as relates to colonial probate duty not be deemed to be a part of his estate and effects situated in the Colony for or in respect of which probate or letters of administration is or are to be granted or whereof an inventory is to be exhibited and recorded.
(9.) Subject to the provisions of this Ordinance, and of any rules made thereunder, any company may, by its regulations as originally framed, or as altered by special resolution, make such provisions as it may think fit respecting the keeping of registers or extra colonial re- gisters.
5. In any case where the Governor-in-Council may be satisfied that it is inconvenient and unnecessary for a com- pany to keep its register of members at its registered office he may in writing under the hand of the Colonial Secretary authorize such company to keep at such office only a duplicate register or registers: and from the date of such authorization the register of members kept at the head office of such company shall be deemed to be the register of members under the Principal Ordinance and the com- pany - shall be deemed to have complied with the provisions of the Principal Ordinance with regard to registers of members if such register is duly kept under the provisions of the Principal Ordinance.
6.--(1.) When the Registrar of Companies has reasona- ble cause to believe that a company is keeping in any place where it transacts business outside the Colony a register of members without having a valid licence under this Ordinance he shall publish in the Gazette and send to the company a notice that at the expiration of two months from the date of such notice the name of the company mentioned therein will unless cause to the contrary be shown be struck off the register and the company will be dissolved.
(2.) At the expiration of the time mentioned in the notice the Registrar may, unless canse to the contrary is previously shown by the company, strike the name of the company off the register and shall publish notice thereof in the Gazette and on such publication the company whose name is so struck off shall be dissolved: Provided that the liability, if any, of every director, managing officer, and member of the company shall continue and may be enforced as if the company had not been dissolved.
(3.) If any company or member thereof feels aggrieved by the name of such company having been struck off the register in pursuance of this section, the company or mem- her may apply to the Court, and the Court, if it be satisfied that it is just to do so, may order the name of the company to be restored to the register and thereupon the company shall be deemed to have continued in existence as if the name had never been struck off: and the Court may, by the order, give such directions and make such provisions as scem just for placing the company and all other persons in the same position, as nearly as may be, as if the name of the company had never been struck off.
7. If a company makes default in complying with any of the provisions of this Ordinance or of any rule or regulation made thereunder, such company shall be liable to a penalty not exceeding $50 for every day during which it is in default.
8. The Governor-in-Council shall have power to make rules and regulations for the better and more effectual carry- ing out of the provisions of this Ordinance.
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