Effect of
TP registra- tion,
contrary, any modification, adaptation or exclusion of any of the provisions of the Memorandum and Articles of the company effected by any order regulation or enactment made in any place within the dominions of His Majesty other than Hong Kong in which the company was or has been for the time being registered (and not being an amendment of the Articles of the company effected by a special resolution of the company) alall, upon the order of the Governor being made pursuant to the provisions of sub-section (1) of this section, be rescinded and revoked to the intent that the Memorandum and Articles of the company shall be restored (with the exception aforesaid) to their former state imme- diately prior to the registration of the company in such other part of His Majesty's dominions.
(5) Any order of the Governor re-registering or re- establishing any company pursuant to this section, may, il the Governor thinks fit, in relation to the company to which such order refem----
(a) modify, adapt or exclude any of the provisions of the principal Ordinance but any such modification, adaptation or exclusion shall not have effect for ally longer period than twelve months from the date of such order;
(b) modify, adapt or exclude in any manner other than that provided for by sub-section (4) of this section any provision of the Memorandum and Articles of the company as in force im. mediately prior to the making of the order:
(c) modify, adapt or exclude any of the provisions of any other Ordinance or instrument as then in force regulating the constitution or func- tious of the company provided that any modification, adaptation or exclusion of any of the provisions of any other Ordinance nå aforesaid shall not have effect for any longer period than twelve months from the date" of the making of such order:
(d) contain such other transitional provisions as appear to the Governor to be necessary or expedient for enabling the company to re- regiater under the principal Ordinance or to re-establish itself as a company under any ather Ordinance of the Colony or generally for the purposes of carrying on or re-commencing business;
(e) contain such incidental supplemental and consequential provisions as appear to the Governor to be necessary or expedient for the purposes of the order,
10. Except in so far as an order otherwise provides such company shall from and after the date of such order te for all purposes a company incorporated under the prin- cipal Ordinance, or in the case of a company incorporated under any other Ordinance of the Colony, then under such Ordinance, but without prejudice to the validity of any act or thing done prior to the date of such order of the Governor.
PART III.
Power to
11. It shall be competent for the fiovernor to make rules for regulating the manner (including the imposition, make rulsa. collection and payment of fees) in which the provisions of this Ordinance shall be carried into effect.
Without pre- judice to the generality of the foregoing, the Governor may if he thinks fit make provision by such rules for the alteration of the currency of the capital of the company where such currency has been changed pursuant to the laws or regulations in force in any other part of His Majesty's dominions,
12. It shall be competent for the Governor in any ense in which he thinks expedient, upon such terms as he may consider fit, by order, to excrapt any company from con- pliance with all or any of the provisions or requirements of this Ordinance or to grant any extensions of time for compliance herewith or to modify the provisions of this Ordinance in their application to any company or class of companies.
Passed the Legislative Council of Hong Kong, this 19th day of Jime, 1947.
Alastain Wiel
Deputy Clerk of Councils.
Power of Governot ta gran exoptions.