Companies Act, 1908, followed by Section 4 of
the Companies Consolidation Act 1904, and
Section 5 of the Longkong companies Ordinance,
·
was enacted because companies limited by
guarantee oscaped applications to the Courta
necessary to companies limited by shares, and
since this necessity was imposed on such com
panies they have become rare. A can noe no
reason why the company limited by guaranteu
should not revive should inducement offer; and
3 have no doubt that it will do so, so that
promotera may avoid the onerous provisioun of
the draft order.
Draftouen in nongkong are
quite ready to take advantage of any flaw in
the Order.
Again, a company limited by
guarantee "the operations of which are directed
and controlled from souse place within the
11:aits
402