A.D. 1866.]
COMPANIES (REGISTRATION).
[No. 1.
249
ities of the company contracted before the time at which he ceased to be a member, and of the costs, charges, and expenses of winding up the company, and for the adjustment of the rights of the contributories amongst themselves, such amount as may be required, not exceeding a specified amount.
(2.) In computing any majority under this section when a poll is demanded, regard shall be had to the number of votes to which each member is entitled, according to the regulations of the company of which he is a member,
capable of being registered. No. 1 of 1865,
3.- (1.) With the above exceptions and subject to the foregoing Companies regulations, every company existing at the commencement of the Companies Ordinance, 1865, and consisting of seven or more members, and any company thereafter formed in pursuance of any Ordinance other than the Companies Ordinance, 1865, or of letters patent, or being otherwise duly constituted by law, and consisting of seven or more members, may at any time hereafter register itself under the Companies Ordinance, 1865, as an unlimited company, or a company limited by shares, or a company limited by guarantee.
(2.) No such registration shall be invalid by reason that it has taken place with a view to the company being wound up.
company.
4. For the purposes of this Ordinance, so far as the same relates to the description of companies empowered to register as companies limited by shares, a joint-stock company shall be deemed to be a company having a permanent paid-up or nominal capital of fixed amount, divided into shares, also of fixed amount, or held and transferable as stock, or divided and held partly in one way and partly in the other, and formed on the principle of having for its members the holders of shares in such capital or the holders of such stock, and no other persons; and such company, when registered with limited liability under the Companies Ordinance, 1865, shall be deemed to be a company limited by shares.
5. Previously to the registration in pursuance of this Ordinance of any joint-stock company there shall be delivered to the Registrar of Companies the following documents; that is to say,--
(1.) a list showing the names, addresses, and occupations of all persons who, on a day named in such list and not being more than six clear days before the day of registration, were members of such company, with the addition of the shares held by such persons respectively, distinguishing, in cases where such shares are numbered, each share by its number;
(2.) a copy of any Ordinance, royal charter, letters patent, deed of settlement, contract of copartnery, or other instrument constituting or regulating the company; and,
Requirements for registration of joint-stock companies.