(c)
the banking licence of
of Far East Bank shall, in accordance with this section, be revoked.
(2) Not less than 7 days before the appointed day Far East Bank shall deliver to the Registrar of Companies a copy of this Ordinance together with a minute, signed by a director or the secretary of Far East Bank, showing with respect to the share capital of Far East Bank, as altered by this Ordinance, the amount retained in the share premium account.
(3)
The Registrar of Companies shall, pursuant to this Ordinance, register the copy of the Ordinance and
and the minute delivered to him pursuant to subsection (2) and on the appointed day-
h
(a)
(b)
shall enter the new name of Far East Bank in the register in place of its former name and issue to Far East Bank a certificate of incorporation on change of name stating Far East Bank's new name; and
certify under his hand the registration of the Ordinance and the minute, which certificate shall be conclusive evidence that the share premium account of Far East Bank is as stated
in minute.
Vesting of the undertaking in First Pacific Bank
5.
(1)
the
On the appointed day the undertaking shall, by virtue of this Ordinance and without further act or deed, be transferred to, and vest in, First Pacific Bank to the intent that First Pacific Bank shall succeed to the whole undertaking as if in all respects First Pacific Bank were the same person in law as Far East Bank,
(2) Where the vesting of any property situate în any country or territory outside Hong Kong and forming part of the undertaking is governed otherwise than by the law of Hong Kong, Far East Bank shall, if First Pacific Bank so requires, so soon as is practicable after the appointed day, take all necessary steps for securing the effective vesting thereof in First Pacific Bank and, pending such vesting, Far East Bank hold any such property in trust for First Pacific Bank.
shall
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