20388-1911-Ordinance-passed-and-assented-to--Companies-No-58-of-1911 — Page 77

676 THE HONGKONG GOVERNMENT GAZETTE, DECEMBER 15, 1911.

Addition of

236. When a company registers in pursuance of this "limited" to Part of this Ordinance with limited liability, the word

Hame.

8 Edw. 7 e,

69 s. 258.

Certificate of

registration

of existing companies. 16. s. 259.

Vesting of property on registration, Ib. s. 260.

Saving for existing lia- bilities.

Ib. s. 261.

Continuation of existing actions.

b. s. 262.

Effect of

M

limited shall form and be registered as part of its name

and any Chinese equivalent of its mame which the company may use shall contain the Chinese characters 有限公司,

237. On compliance with the requirements of this Part of this Ordinance with respect to registration, and on pay- ment of such fees, if any, as are payable under Table B. in the First Schedule to this Ordinance, the registrar shall certify under his hand that the company applying for registration is incorporated as a company under this Ordinance, and in the case of a limited company that it is limited, and thereupon the company shall be incorporated and shall have perpetual succession and a common seal with power to hold Jands.

238. All property, real and personal (including things in action), belonging to or vested in a company at the date of its registration in pursuance of this Part of this Ordinance, shall on registration pass to and vest in the company as incorporated under this Ordinance for all the estate and interest of the company therein.

239. Registration of a company in pursuance of this Part of this Ordinance shall not affect the rights or liabilities of the company in respect of any debt or obliga- tion incurred, or any contract entered into, by, to, with, or on behalf of, the company before registration.

240. All actions and other legal proceedings which at the time of the registration of a company in pursuance of this Part of this Ordinance are pending by or against the company, or the publie officer or any member thereof, may be continued in the same manner as if the registration had not taken place; nevertheless exceution shall not issue against the effects of any individual member of the company on any judgment, decree, or order obtained in any such action or proceeding; but, in the event of the property and effects of the company being.insufficient to satisfy the judgment, degree, or order, an order may be obtained for winding up the company,

241. When a company is registered in pursuance of registration. this Part of this Ordinanco--

'. s. 263.

(7) All provisions contained in any Act of Parlia- ment. Ordinance, dead of settlement, contract of copartnery, cost book regulations, letters patent, or other instrument constituting or regulating the company, including, in the case of a company registered as a company limited by guarantee, the resolution declaring the amount of the guarantee, shall be deemed to be conditions and regulations of the company, in the same manner and with the same incidents as if so much thereof as would, if the company had been formed under this Ordinance, have been required to be inserted in the memorandum, were con- tained in a registered memorandum, and the residue thereof were contained in registered articles :

(77) All the provisions of this Ordinance shall apply to the company, and the members, contributories, and creditors thereof, in the same manner in all respects as if it had been formed under this Ordinance, subject as follows (that is to say) :-

(a) The regulations in Table A. in the First Schedule to this Ordinance shall not apply unless adopted by special resolution ;

(b) The provisions of this Ordinance re- lating to the numbering of shares shall not apply to any joint stock company whose shares are not numbered;