CO129-381 - Governor Sir Lugard - 1911 [11-12] — Page 424

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PART VI.

APPLICATION OF ORDINANCE TO COMPANIES FORMED AND REGISTERED CNDER FORMER COMPANIES ORDINANCES.

Section,

225, Application of Ordinance to companies formed under Former

Companies Ordinances.

226. Application of Ordinance to companies registered under former

Conqanies Ordinances.

PART VII.

COMPANIES AUTHORISED TO REGISTER UNDER THIS

ORDINANCE.

227. Companies capable of being registered.

228. Definition of joint stock company.

229. Liability of hauk of issue unlimited in respect of notes. 230. Requirements for registration by joint stock companies.

281. Requirements for registration by other than joint stock com-

panies.

232.

235.

234.

Authentication of statements of existing companies.

Registre may require evidence as to nature of company. On registration of bunking company with limited liability,

notice to be given to customers,

235. Exemption of certain companies from payment of fees. 236,

Addition of limited" to imme.

237. Certificate of registration of existing companies.

Section

Repeal of Ordinances and Transitional Provisions, 262. Repeat of Ordinances and savings.

263. Saving of pending proceedings for winding up.

264.

265.

Saving of deeds.

Former registration offices, registers, official receivers, &c.

continued.

266. Saving for existing rules of procedure, &e.

267. Substitution of provisions of this Ordinance for provisions of

repealed Ordinances.

268. Saving for Life nud Fire Insurance Companies Ordinances. 269. Commencement of Act.

SCURDELES.

HONGKONG.

233.

Vesting of property ou registration.

239.

Saving for existing Habilities.

240, Cominuation of existing actions.

241. Effect of registration,

Power to substitute memorandum and articles for deed of

settienieur.

242.

243.

244.

Aerions stayed on winding-up order.

Power of court to stay or restrain proceedings.

No. 38 or 1911.

An Ordinance to consolidate and amend the

Law relating to companies.

LS

F. D. LUGARD, Governor,

PART VIII.

WINDING Cr oF UNREGISTERED COMPANIES.

245. Meaning of unregistered company,

246. Winding up of unregistered companies.

247. Contributories in winding up of inregistered company.

248.

Power of court to stay or restrain provedings.

249.

Actions stayed on winding-up order.

250.

Directions as to property in certain cases.

281. Provisions of Part of Ordinance cumulative.

PART IX.

COMPANIES ESTABLISHED OUTSIDE THE Colony,

252. Requiremeurs as to compauries establishe! outside the Colony, 253. Power of companies incorporated outside the Colony to bol

lands.

8th December, 1911.]

Be it enacted by the Governor of Hongkong, with the advice and consent of the Legislative Conseil thereof, as follows :--

1.-(1) This Ordinance may be cited as the Companies Short title. Ordinance, 191.

(2) This Ordinance applies to every company registered Application.

in this Colony either before or after the commencement of

this Ordinance and notwithstanding that the whole or part

of its business is or may be carried on elsewhere.

(3) The Court shall not, in dealing with or making Powers of orders in respect of applications made to it under this the Court. Ordinance, take into consideration the fact that it may be difficult or impossible to enforce them.

PART X.

SUPPLEMENTAL,

Legal Proceedings, Offences, dr.

251. Prosecution of offences,

255.

Applications of fines.

256.

Costs in actions by certain limited companies.

287,

268.

Power to strike off register on non payment of line.

Power of court to grant relief in certain cases, 259. Penalty for false statement.

260,

Penalty for improper use of word “ Limited,”

Interpretation, &e.

PART 1

CONSTITUTION AND INCORPORATION,

Prehiintion of Large Partnerships.

2. No company, association, or partnership consisting Prohibition of more than twenty persons shall be formed for the of partner-

ships exceed- purpose of carrying on the business of banking or any og certain other business that has for its object the acquisition of gain number. by the company, association, or partnership, or by the 8 Edw. 7 c. individual embers thereof, unless it is registered as a 69 s. 1. company under this Ordinance, or is formed under or in pursuance of some other Ordinance, or Aer, or of a Carrer of incorporation, or of letters patent.

261. Interpretation.

414