248
Short title.
Regulations as to registration of companies.
No. 1.] THE ORDINANCES OF HONGKONG : [A.D. 1866.
under the said Ordinance.
[6th March, 1866.]
WHEREAS it is expedient to extend the provisions of the Companies Ordinance, 1865:
BE it therefore enacted by the Governor of Hongkong, with the advice of the Legislative Council thereof, as follows:
1. This Ordinance may be cited as the Companies (Registration) Ordinance, 1866.
2. (1.) The following regulations shall be observed with respect to the registration of companies in pursuance of this Ordinance: that is to say,
(a) no company formed for the purpose of carrying on the business of banking shall register in pursuance of this Ordinance;
(b) no company having the liability of its members limited by Ordinance or by letters patent, and not being a joint-stock company as hereinafter defined, shall register in pursuance of this Ordinance;
(c) no company having the liability of its members limited by Ordinance or by letters patent shall register in pursuance of this Ordinance as an unlimited company or as a company limited by guarantee;
(d) no company that is not a joint-stock company as hereinafter defined shall register in pursuance of this Ordinance as a company limited by shares;
(e) no company shall register in pursuance of this Ordinance unless an assent to its so registering is given by a majority of such of its members as may be present, personally or by proxy, in cases where proxies are allowed by the regulations of the company, at some general meeting summoned for the purpose;
(f) where a company not having the liability of its members limited by Ordinance or by letters patent is about to register as a limited company, the majority required to assent as aforesaid shall consist of not less than three-fourths of the members present, personally or by proxy, at such last-mentioned general meeting; and
(g) where a company is about to register as a company limited by guarantee, the assent to its being so registered shall be accompanied by a resolution declaring that each member undertakes to contribute to the assets of the company, in the event of the same being wound up during the time that he is a member or within one year afterwards, for payment of the debts and liabilities...