1983 Ed.]
Hang Lung Bank (Acquisition)
[CAP. 345
5
10. For so long as 100% of the shares in the capital of the company are held for and on behalf of the Government, the Governor may give to the directors of the company such directions as he considers necessary or expedient in the public interest as to the exercise and discharge of their powers and functions.
11. (1) Sections 4 and 7(2), (3), (4), (5) and (6) shall have effect until such time as the Governor in Council by order declares that they shall cease to have effect, and different dates may be specified in respect of different provisions.
(2) Upon any provision ceasing to have effect under subsec- tion (1) it shall be deemed to have been repealed.
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12. In any case where the provisions of this Ordinance conflict with the Companies Ordinance, the Banking Ordinance, the Deposit- taking Companies Ordinance, or the memorandum or articles of association of the company or any subsidiary thereof, the provisions of this Ordinance shall prevail, but otherwise those Ordinances, memoranda and articles shall continue to apply to the company and its subsidiaries.
Power to give directions.
Certain provisions
to cease to have effect.
Ordinance to prevail in conflict with certain other laws.
(Cap. 32.)
(Cap. 155.) (Cap. 328.)
2741886,5.149.
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