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of the Colony of Hong Kong under powers con- ferred by any Law or Ordinance of that colony relating to companies, and being stationed within the limits of this Order, all acts done within the limits of this Order in pursuance of the provisions of the Ordinance by, to, with, or before such Deputy Registrar, shall, subject to the provisions of this Order, be of the same force and validity as
if they had been done by, to, with, or before the Registrar of Companies in Hong Kong.
4. The jurisdiction conferred by the Ordinance upon any court shall in respect of a Chica Company be exercised by the Supreme Court.
5. In all matters relating to a Hong Kong Company the jurisdiction of the Supreme Court and of the Supreme Court of Hong Kong shall be concurrent, and the said two courts shall in all respects be auxiliary to each other....
6. Where any proceedings relating to a Hong Kong Company, or for the winding up of any such company, are commenced in the Supreme Court, and it appears that the principal part of such company's business is carried on within the limits of Hong Kong, or that for
any other reason such proceedings might more conveniently be Carried on at Hong Kong, the Supreme Court may, of its own motion, or on the application of any party, make an order transferring the pro- ceedings to the Supreme Court of Hong Kong.
7. The Supreme Court shall enforce within the imits of this Order any order or decree made by he Supreme Court of Hong Kong in the course of any proceedings relating to a Hong Kong Company, or for the winding up any such company.
of
8. (1.)-The majority of the directors of a Cha Company shall be British subjects resident within the limits of this Order.
(2.) If at any time the proportion of directors who are British subjects resident within the limits of this. Order falls to or below one-half, it shall be the duty of the directors and also of the share- holders of the company to take within thirty days, ch further period as the court may allow, 6cessary steps for the appointment of such mber of directors who are British subjects
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resident within the limits of this Order as may be necessary to comply with the provisions of this article.
(3.) If default is made in compliance with this article the company shall be liable to a fine not exceeding 50 dollars for every day during which the default continues, and every director and manager of the company who knowingly authorises or permits the default shall be liable to the like penalty.
(4.) Failure to comply with the provisions of this article shall be a ground upon which an order for winding up the company may be made by the
court.
9. (1) No person other than a British subject shall be entitled to act as the auditor of a China Company. The appointment of any such
person
as the auditor of a China Company shall be void, and any certificate or other document given, or act done, by any person who is not a British subject purporting to act as auditor of a China Company shall not be held to comply with any requirements of the Ordinance.
10. No person other than a British subject shall be appointed to act within the limits of the Order as liquidator or as receiver or manager of the property of a British company except with the sanction of the court.
11. (1.) All documents and other written information which a company is required by the Ordinance to file with the registrar of companies. shall in the case of a China Company be filed with the deputy registrar of companies at Shanghai, and a copy of all such documents and other written information shall, in the case of c Hong Kong Company, be filed with the deputy registrar of companies at Shanghai.
(2.) If
any company to which this article applies fails to comply with its provisions, the company
and every
officer and agent of the
company who is knowingly a party to the default shall be liable to a fine not exceeding 50 dollars
for every day during which such default has continued.
12. The registered office of a China Compin shall be situated within the limits of this Order.
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