CAP. 361]
Stock Exchanges Unification
[1989 Ed.
subsection (4), notwithstanding that the articles have not been signed by all or any of the subscribers to the memorandum of association of the company; and the articles so registered shall be as valid and binding as if they had been signed by each subscriber and witnessed in the manner provided by that Ordinance.
4. Application of Companies Ordinance to Exchange Company
The provisions of the Companies Ordinance (Cap. 32) shall apply to the Exchange Company to the extent that they are not inconsistent with this Ordinance.
5-9. (Repealed 59 of 1985 s. 5)
10. Committee to manage the Exchange Company
(1) The management and control of the Exchange Company shall, subject to this Ordinance and to the constitution of the Exchange Company, be vested in the Committee. (Amended 59 of 1985 s. 6)
(2) Subject to this Ordinance and to any other law, the election of the Committee and all matters relating to the Committee shall be governed by the articles of association. (Added 59 of 1985 s. 6)
10A. Appointment of chief executive of Exchange Company to be approved by Commission
No appointment of a person as chief executive of an Exchange Company shall have effect unless such appointment is approved by the Commission. (Added 10 of 1989 s. 65)
11. Membership of Exchange Company
(1) No person shall become, or remain, a member of the Exchange Company unless he is eligible to be a member under section 12 or 13.
(2) Subject to this Ordinance and to any other law, the rights, liabilities and privileges of members of the Exchange Company shall be governed by the constitution of the Exchange Company.
(3) Subsection (1) shall not have the effect of preventing a person from continuing to be a member of the Exchange Company while his registration as a dealer is suspended under section 55 or 56 of the Securities Ordinance (Cap. 333) if he is otherwise eligible to continue to be such a member. (Replaced 59 of 1985 s. 7)