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306
3.
Section 3.- (a.)
In the case of a company taking exactly the
ame name as that of a company which has been dissolved or is in
course of being wound up, the inclusion of the year of its incorpo-
ration in the name of the new company will distinguish it from the
old company.
(b.) Formerly a company which registered with a
name too nearly resembling that of an existing company could not
be compelled to change ite name. The amendment gives the Regis-
trar of Companies power to compel such change.
(c.) In the case of a China company the British
Hinister, as defined by section 2 of Ordinance No. 31 of 1915, is
the proper person to approve of the change of name.
4.
Section 4.
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5.
Gealed copies are used in this Colony.
Section 5.- The former law did not provide for the registra-
tion of the statutory declaration, although it should form part
of the records of the company.
6.
Section 6.
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For the protection of shareholders and the public
it is advisable that any communication subject to which the audi-
tors' report is made should be filed with the Registrar of Companies
so that it may be available for inspection.
7.
Section 7. (a) The amendment obviates the necessity for a
statutory declaration being filed each year.
(b.) The amendment removes any doubt as to what
ie intended.
(c.) The amendment brings the section into confor-
mity with Reading No.40(1) of the Schedule to the Stamp Ordinance,
1921.
8.
Section 8.-(a,) It is thought desirable that the names of two
principal officers of the company should be printed on all trade
circulars and business letters on which the name of the company
appears. This provision was inserted at the request of the Chamber
of Commerce,