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[No. 29
No. 29
COMPANIES (CESSATION OF EMERGENCY STATUS). [A.D. 1947
company incorporated under any other Ordinance of the Colony that the company will cease to be registered under the laws or regulations relating to companies having effect in any other part of the dominions of His Majesty, or
(c) that the company has been served with a notice by the appropriate authority in such other part of the dominions of His Majesty that such company shall cease to be so registered at the expiration of such period as is specified in such notice,
may by order direct that the company shall be re-registered as a company under the principal Ordinance or in the case of a company incorporated under any Ordinance of the Colony other than the principal Ordinance order that the company be re-established as a company incorporated under such Ordinance.
(2) In any case coming under paragraph (b) of sub- section (1) of this section such order of the Governor shall in the case of provision already having been made for the com- pany to cease to be registered elsewhere in the dominions of His Majesty upon re-registration or re-establishment in Hong Kong, take effect as from the date upon which such order of the Governor is made and in any case in which no such provision has been made at the date of the order such order shall take effect as from the making of the requisite provision elsewhere in the dominions of His Majesty.
(3) In any case coming under paragraph (c) of sub- section (1) of this section, such order shall take effect from the date upon which the said company ceases to be registered in such other part of the dominions of His Majesty unless in the meantime such notice shall have been rescinded or withdrawn and provision made in manner mentioned in paragraph (b) of sub-section (1) of this section in which case the order of the Governor shall take effect in manner provided for in sub-section (2) of this section.
(4) Except in so far as any order made by the Governor pursuant to the provisions of this section specifies to the
A.D. 1947]
COMPANIES (CESSATION OF EMERGENCY STATUS).
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) shall, 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, if the Governor thinks fit, in relation to the company to which such order refers-
(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 any 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- tions of the company provided that any modification, adaptation or exclusion of any of the provisions of any other Ordinance as 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
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