COMPANIES.

No. 58 of 1911.

2125

notice to be

234(1) Where a banking company which was in existence at the time of the commencement of this Ordinance proposes to register as a limited company, it shall, at least thirty days before so registering, give notice of its intention to register to every person who has a banking account with the company, either by delivery of the notice to him, or by posting it to him at, or delivering it at, his last-known address.

(2) If the company omits to give the notice required by this section, then as between the company and the person for the time being interested in the account in respect of which the notice ought to have been given, and so far as respects the account down to the time at which notice is given, but not further or otherwise, the certificate of registration with limited liability shall have no operation.

customers.

companies

of fees.

8

235. No fees shall be charged in respect of the registration in pursuance of this Part of a company if it is not registered as a limited company, or if before its registration as a limited company the liability of the shareholders was limited by some other Ordinance, Act of Parliament or letters patent.

236. When a company registers in pursuance of this Part with limited liability, the word "Limited" shall form and be registered as part of its name, and any Chinese equivalent of its name which the company may use shall contain the Chinese characters 有限公司.

'Limited "

of existing

237. On compliance with the requirements of this Part with respect to registration, and on payment of such fees, if any, as are payable under Table B in the First Schedule, the Registrar of Companies shall certify under his hand that the company applying for registration is incorporated as a company under this Ordinance, and in the case of a limited company that it is limited, and thereupon the company shall be incorporated and shall have perpetual succession and a common seal with power to hold lands.

Schedule.

registration.

238. All property, real and personal (including things in action), belonging to or vested in a company at the date of its registration in pursuance of this Part, shall on registration pass to and vest in the company as incorporated under this Ordinance for all the estate and interest of the company therein.

* As amended by Law Rev. Ord., 1924.

*

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