COMPANIES.
No. 58 of 1911.
2121
case of a company limited by guarantee, as if the company had been formed and registered under this Ordinance as a company limited by guarantee; and in the case of a company other than a limited company, as if the company had been formed and registered under this Ordinance as an unlimited company:
Provided that reference, express or implied, to the date of registration shall be construed as a reference to the date at which the company was in fact registered.
226. This Ordinance shall apply to every company registered but not formed under the Companies Ordinance, 1865, in the same manner as it is hereinafter in this Ordinance declared to apply to companies registered but not formed under this Ordinance:
Provided that reference, express or implied, to the date of registration shall be construed as a reference to the date at which the company was registered under the Companies Ordinance, 1865.
PART VII.
COMPANIES AUTHORISED TO REGISTER UNDER THIS ORDINANCE.
227.—(1) With the exceptions and subject to the provisions mentioned and contained in this section,
(i) any company consisting of seven or more members, which was formed for the purpose of carrying on the business of banking, and which was in existence at the commencement of this Ordinance;
(ii) any company consisting of seven or more members, which was in existence on the 1st day of May, 1865;
(iii) any company formed after the date aforesaid, whether before or after the commencement of this Ordinance in pursuance of any Ordinance other than this Ordinance, or being otherwise duly constituted by law, and consisting of seven or more members;
may at any time register under this Ordinance as an unlimited company, or as a company limited by shares, or as a company limited by guarantee; and the registration shall not be invalid by reason that it has taken place with a view to the company being wound up.