226
Y
for "Act"
for Board of Trade".
for" "seventeen of this Act"
for "Out"
for Board of Trade".
for "fifty pounds"
for "Act."
" in England" omitted.
for "one "e f. No. 58 of 1911 commencement Late
for "Act."
Change of
name.
19 & 20 Geo. 5, c. 23, s. 19.
Effect of
memoran- dum and articles.
19 & 20 Geo. 5, c. 23,
s. 20.
Provision as
dum and
(5) Where the name of the association contains the words "Chamber of Commerce, the notice to be given as aforesaid shall include a statement of the effect of the provisions of subsection (3) of the next following section of this Ordinance.
21.-(1) A company may, by special resolution and with the approval of the Governor (or, in the case of a China company, with the approval of the Minister) signified in writing, change its name.
(2) If a company, through inadvertence or other- wise, is, without such consent as is mentioned in para- graph (a) of subsection (1) of section nineteen of this Ordinance registered by a name which is identical with that by which a company in existence is previ- ously registered, or which so nearly resembles that name as to be calculated to deceive, the first- mentioned company may change its name with the sanction of the registrar.
(3) Where a licence granted in pursuance of the last foregoing section of this Ordinance to a company the name of which contains the words "Chamber of Commerce" is revoked, the company shall, within a period of six weeks from the date of the revocation or such longer period as the Governor may think fit to allow, change its name to a name which does not contain those words.
If a company makes default in complying with the requirements of this subsection, it shall be liable to a fine not exceeding five hundred dollars for every day during which the default continues.
(4) Where તે company changes its name, the registrar shall enter the new name on the register in place of the former name, and shall issue a certificate of incorporation altered to meet the circumstances of the case.
(5) The change of name shall not affect any rights or obligations of the company, or render defective any legal proceedings by or against the company, and any legal proceedings that might have been continued or commenced against it by its former name may be continued or commenced against it by its new name.
General Provisions with respect to Memorandum and Articles.
22.-(1) Subject to the provisions of this Ordinance the memorandum and articles shall, when registered. bind the company and the members thereof to the same extent as if they respectively had been signed and sealed by each member, and contained covenants on the part of each member to observe all the provisions of the memorandum and of the articles.
(2) All money payable by any member to the company under the memorandum or articles shall be a debt due from him to the company, and be of the nature of a specialty debt.
23.-(1) In the case of a company limited by to memoran- guarantee and not having a share capital, and reg- istered on or after the first day of January, rineteen hundred and twelve, every provision in the memor andum or articles or in any resolution of the company purporting to give any person a right to participate in the divisible profits of the company otherwise than as a member shall be void.
articles of companies limited by guarantee. 19 & 20 Geo. 5, c. 23,
s. 21
(2) For the purpose of the provisions of this Ordin- ance relating to the memorandum of a company limited by guarantee and of this section, every provision in the memorandum or articles, or in any resolution, of a