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(b) By fling with the Iegistrar within one month of the passing of such resolution a certificate under the seal of the company countersigned by the auditors of the company certifying that such resolution has been duly passed and that in the opinion of the directors of the company and of such auditors the net assets of the company have at a date stated in the resolution which shall for all purposes be regarded as the date of conversion a value equivalent at the least to the amount of such converted capital as has been paid up‡.
Provided that the date stated in the resolution shall be a date not earlier than the date of the resolution by more than twolve months.
4. Upon the filing of any such certificate as in referred to Issue of fresh in paragraph (b) of section 3 of this Ordinance, the Registrar aball setificate of issue a fresh certificate of incorporation of the company showing incorporation. the capital of the company as affected by such conversion. Such fresh certificate shall take the place of the original certificate of incorporation of the company and shall be the certificate of incorporation of the company.
5. Nothing in this Ordinance shall affect or he deemed to Savings of affect the rights of His Majesty the King, His Heirs and Successors, rights of or the rights of any body politic or corporate or of any other person the Crown except such as are mentioned in this Ordinance and those claiming certain by, from and under them.
Passed the Legislative Council of Hong Kong, this 2nd day of June, 1948.
Alastai
and of
aler rights.
Deputy Clerk of Councils,
.
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