COMPANIES.
No. 1.
53 thereof.
53 & 54 Vict. c. 62 s. 2.
the memorandum of association or deed of settlement so altered, or and consequences together with a printed copy of the substituted memorandum and articles of association, as the case may be, shall be delivered by the company to the Registrar of Companies within fifteen days from the date of the order, and the Registrar shall register the same, and shall certify under his hand the registration thereof, and his certificate shall be conclusive evidence that all the requisitions of this Ordinance with respect to such alteration and the confirmation thereof have been complied with, and thenceforth (but subject to the provisions of this Ordinance) the memorandum or deed of settlement so altered shall be the memorandum of association or deed of settlement of the company, or, as the case may be, such substituted memorandum and articles of association shall apply to the company in the same manner as if the company were a company registered under this Ordinance with such memorandum and articles of association, and the company's deed of settlement shall cease to apply to the company.
(2.) If a company makes default in delivering to the Registrar any document required by this section to be delivered to him, it shall be liable to a penalty not exceeding fifty dollars for every day during which it is in default.
settlement.
16. In the last two preceding sections the expression "deed of settlement" includes any contract of co-partnery or other instrument constituting or regulating the company and not being an Ordinance, a Royal Charter, or letters patent.
Articles of Association.
to be prescribed by articles of association.
17.—(1.) The memorandum of association may, in the case of a company limited by shares, and shall, in the case of a company limited by guarantee or unlimited, be accompanied, when registered, by articles of association signed by the subscribers to the memorandum of association, 25 & 26 Vict. and prescribing such regulations for the company as the subscribers to c. 89 s. 14. the memorandum of association deem expedient.
(2.) The articles shall be expressed in separate paragraphs, numbered arithmetically.
(3.) They may adopt all or any of the provisions contained in the Table marked A in the First Schedule to this Ordinance.
(4.) They shall, in the case of a company, whether limited by guarantee or unlimited, that has a capital divided into shares, state the amount of capital with which the company proposes to be registered; and in the case of a company, whether limited by guarantee or unlimited, that has not a capital divided into shares, state the number of members with which the company proposes to be registered, for the purpose of enabling the Registrar of Companies to determine the fees payable on registration.
(5.) In the case of a company limited by guarantee or unlimited and
First Schedule: Table A,