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be void, and, where it makes any such order, may give such consequential directions as it thinks proper for the repayment of any money or the retransfer of any shares.
Where the court makes an order under this sub-
section (whether with or without consequential directions) an appeal against the order and the consequential directions, if any, shall lie to the Full Court.
PART XIII.
MISCELLANEOUS.
Prohibition of Partnerships with more than Twenty
Members.
331. No company, association, or partnership con- Prohibition sisting of more than twenty persons shall be formed of partner- ships with for the purpose of carrying on any business (other
more than than the business of banking) that has for its object twenty the acquisition of gain by the company, association, members. or partnership, or by the individual members thereof, 19 & 20 Geo. unless it is registered as a company under this Ordin- ance, or is formed in pursuance of some other Ordinance, Act of Parliament, or of letters patent.
Provisions relating to Banks.
5, c. 23, 3. 357.
332. Similarly, no company, association, or part- Prohibition nership consisting of more than twenty persons shall
of banking partnerships be formed for the purpose of carrying on the business with more of banking, unless it is registered as a company under than twenty this Ordinance, or is formed in pursuance of some members. other Ordinance, Act of Parliament, or of letters 19 & 20 Geo. patent.
5, c. 23, s.358.
bank of issne un.
333.-(1) A bank of issue registered under this Liability of Ordinance as a limited company shall not be entitled to limited liability in respect of its notes, and the limited in members thereof shall be liable in respect of its notes respect of in the same manner as if it had been registered as 19 & 20 Geo.
unlimited.
Provided that, if, in the event of the company being wound up, the general assets are insufficient to satisfy the claims of both the note-holders and the general creditors, then the members, after satisfying the re- maining demands of the note-holders, shall be liable to contribute towards payment of the debts of the general creditors a sum equal to the amount received by the note-holders out of the general assets.
(2) For the purposes of this section, the expression "the general assets" means the funds available for payment of the general creditor as well as the note- holder.
(3) Any bank of issue registered under this Ordin- ance as a limited company may state on its notes that the limited liability does not extend to its notes, and that the members of the company are liable in respect of its notes in the same manner as if it had been registered as an unlimited company.
notes.
5, c. 23, s. 360.
334.-(1) Where a company carrying on the Frivileges business of bankers has duly forwarded to the registrar of banks of companies the annual return required by section making one hundred and seven this Ordinance and bas added thereto a statement of the names of the several 19 & 20 Geo.
annual return.
places where it carries on business, the company 5, c. 23, shall be deemed to be a "bank" and "bankers" s. 361. within the meaning of the Evidence Ordinance, 1889. No. 2 of
Ordinance
1889.
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