1978-HKRS28-16-26_Part03 — Page 10

Consequential

(Cap. 112.)

9.

6

(3) For the purposes of this section, a body corporate shall be treated as a single person and any body unincor- porate shall be treated as belag the same number of persons is those who comprise it.".

The Inland Revenue Ordinance is amended-

(a) in section 19C by deleting subsection (7) and substituting the

following-

00340, 323

"(7) For the purposes of this section-

(a)

"partnership" does not include a partnership (other that a partnership referred to in section 345(2) of the Companies Ordinance) consisting at any time in the year of assessment of more than 20 partners; (b) in calculating the number of partners in a partner- ship, there shall be included every partner in any other partnership which is itself a partner in the first-mentioned partnership.";

(6) in section 22A by deleting subsection (3) and substituting the

following-

(Cap. 320

"(3) For the purposes of this section-

(a) "partnership" does not include a partnership (other than a partnership referred to in section 345(2) of the Companies Ordinance) consisting at any time in the year of assessment of more than 20 partners: (b) in calculating the number of partners in a partner- ship, there shall be included every partner in any other partnership which is itself a partner in the first-mentioned partnership.";

(e) by repealing section 27;

(d) in section 42(3) by inserting after "partnership" the following-

"father than a partnership referred to in section 345(2) of (Cap. 32) the Companies Ordinance)".

Passed by the Hong Kong Legislative Council this 5th day of July,

No. 52 of 1978

I assent

1978.

Clerk to the Legislative Council.

This printed impression has been carefully compared by me with the bill, and is found by me to be a true and correctly printed copy of the said bili.

Pla

Clerk to the Legislative Council.