CAP. 32]

[s. 291 cont.]

Companies.

(2) Any such order may provide that all costs of and incidental to the application shall be borne by the company or by any officers of the company responsible for the default.

(3) Nothing in this section shall be taken to prejudice the operation of any enactment imposing penalties on a company or its officers in respect of any such default as aforesaid.

[292

PART VIII.

Application of Ordinance

APPLICATION OF ORDINANCE TO COMPANIES FORMED OR REGISTERED UNDER FORMER ORDINANCES.

292. In the application of this Ordinance to existing companies, it shall apply in the same manner—

to companies formed under former Companies Ordinance.

19 & 20 Geo. 5, c. 23, s. 316.

(a) in the case of a limited company, other than a company limited by guarantee, as if the company had been formed and registered under this Ordinance as a company limited by shares;

(b) in the 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

(c) 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 registered under the Companies Ordinance, 1865, or the Companies Ordinance, 1911, as the case may be.

(1 of 1865).

Application of Ordinance to companies registered under former Companies Ordinances.

19 & 20 Geo. 5, [293

293. This Ordinance shall apply to every company registered but not formed under the Companies Ordinance, 1865, or the Companies Ordinance, 1911, in the same manner as it is in Part IX of 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, or the Companies Ordinance, 1911, as the case may be.

[294

186

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