20388-1911-Ordinance-passed-and-assented-to--Companies-No-58-of-1911 — Page 74

THE HONGKONG GOVERNMENT GAZETTE, DECEMBER 15, 1911.

(2) All fees paid to the registrar in pursuance of this Ordinance shall be paid to the Colonial Treasurer.

PART VI.

APPLICATION OF ORDINANCE TO COMPANIES

FORMED AND REGISTERED UNDER FORMER ORDINANCES,

225. In the application of this Ordinance to existing Application companies, it shall apply in the same manner in the case of Ordinance to companies of a limited company, other than a company limited by to companer guarantee, as if the company had been formed and registered former under this Ordinance as a company limited by shares; in Ordinances. the case of a company limited by guarantee, as if the com- 8 Edw. 7 c. pany had been formed and registered under this Ordinance 69 s. 245. as a company limited by guarantee; and in the case of a company other than a limited company, as if the company had been formed and registered under this Ordinance as an unlimited company:

Provided that reference, express or implied, to the date of registration shall be construed as a reference to the date at which the company was in fact registered.

226. This Ordinance shall apply to every company Application registered but not formed under the Companies Ordinance, of Ordinance to companies 1865, or the Companies (Registration) Ordinance, 1866, in registered the same manner as it is hereinafter in this Ordinance under former declared to apply to companies registered but not formed Companies under this Ordinance.

Provided that reference, express or implied, to the date of registration shall be construed as a reference to the date at which the company was registered under the Companies Ordinance, 1865, or the Companies (Registration) Ordin- Cance, 1866 as the case may be.

PART VII,

COMPANIES AUTHORISED TO REGISTER UNDER

THIS ORDINANCE.

Ordinances. Ib. s. 246.

227.---(1) With the exceptions and subject to the Companies provisions mentioned and contained in this section,—

capable of being regis-

Or more tered.

(any company consisting of seven

members, which was formed for the purpose of 76, s. 249. carrying on the business of banking, and which was in existence at the time of the commence- ment of this Ordinance ;

(1) any company consisting of seven

Or more

members, which was in existence on the first day of May eighteen hundred and sixty-five; (i) any company formed after the date aforesaid, whether before or after the commencement of this Ordinance in pursuance of any Ordinance other than this Ordinance, or being otherwise duly constituted by law, and consisting of seven or more members ;

may at any time register under this Ordinance as an un- limited company, or as a company limited by shares, or as a company limited by guarantee; and the registration shall not be invalid by reason that it has taken place with a view to the company being wound up.

(2) Provided as follows :----

(a) A company having the liability of its members limited, and not being a joint stock company as hereinafter defined, shall not register in pursuance of this section:

(6) A company having the liability of its members limited shall not register in pursuance of this section as an unlimited company or as a com- pany limitel by guarantee:

(c) A company that is not a joint stock company as hereinafter defined shall not register in pursuance of this section as a company limited by shares:

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