2198
Repeal of Ordinances and
savings. 8 Edw. 7
c. 69 s. 286.
*
Saving of
pending pro-
ceedings for winding up. ib. s. 287.
+
Saving of deeds.
ib. s. 288.
No. 58 of 1911.
""
COMPANIES.
General rules mean general rules made under this Ordinance, and include forms;
'Director" means any person occupying the position of director by whatever name called and includes a general manager, manager, and any person on a consulting or advisory committee, and any person who has the control of its affairs in the absence of a board of directors or of such consulting or advisory committee;
Prospectus means any prospectus, notice, circular, advertisement, or other invitation, offering to the public for subscription or purchase any shares or debentures of a company.
Repeal of Ordinances and Transitional Provisions.
262. The following Ordinances are hereby repealed: the Companies Ordinance, 1865; the Companies (Registration) Ordinance, 1866; the Companies (Local Registers) Ordinance, 1907; the Foreign Corporations Land Ordinance, 1908; the Companies Amendment Ordinance, 1908; and the Companies (Local Registers) Amendment Ordinance, 1909.
Provided that the repeal shall not affect—
(a) the incorporation of any company registered under any enactment hereby repealed; nor
(b) Table A in the 1st schedule annexed to the Companies Ordinance, 1865, or any part thereof (either as originally contained in that schedule or as altered in pursuance of section 119 of that Ordinance) so far as the same applies to any company existing at the commencement of this Ordinance; nor
(c) the rights in respect of land which has been acquired by any foreign corporation under the Foreign Corporations Land Ordinance, 1908.
263. The provisions of this Ordinance with respect to winding up shall not apply to any company of which the winding up has commenced before the commencement of this Ordinance, but every such company shall be wound up in the same manner and with the same incidents as if this Ordinance had not passed, and, for the purposes of the winding up, the Ordinance under which the winding up commenced shall be deemed to remain in full force.
264. Every conveyance, mortgage, or other deed, made before the commencement of this Ordinance in pursuance of any enactment
* As amended by No. 43 of 1912.
+ As amended by No. 50 of 1911.