810
LEGISLATIVE COUNCIL.
No. S. 343.-The following Bill as amended by the Standing Law Committee is published for general information:-
Section.
1.
2.
Companies Ordinance, 1911.
ARRANGEMENT OF SECTIONS.
PART I.
CONSTITUTION AND INCORPORATION.
Prohibition of Large Partnerships.
Short title and application.
Prohibition of partnerships exceeding certain number,
Memorandum of Association,
Mode of forming incorporated company.
6. Memorandum of unlimited company.
3.
4.
5.
Memorandum of company limited by shares. Memorandum of company limited by guarantee.
7.
Stamp and signature of memorandum,
8.
9.
10.
Restriction on alteration of memorandum. Name of company and change of name. Alteration of objects of company.
Articles of Association.
12.
Application of Table A.
11. Registration of articles.
18. Form, stamp and signature of articles.
14.
15.
Alteration of articles by special resolution.
General Provisions.
Effect of memorandum and articles.
16. Registration of memorandum and articles.
17. Effect of registration.
18.
Conclusiveness of certificate of incorporation.
19. Copies of memorandum and articles to be given to members.
20.
21.
22.
Associations not for Profit.
Restriction on charitable and other companies holding laud. Power to dispense with "limited" in name of charitable and
other companies.
Companies limited by Guarantee.
Provision as to companies limited by guarantee.
PART II.
DISTRIBUTION AND REDUCTION OF SHARE CAPITAL, REGISTRATION
OF UNLIMITED COMPANY AS LIMITED, AND UNLIMITED
LIABILITY OF DIRECTORS.
Distribution of Share Capital.
23.
Nature of shares.
24.
Certificate of shares or stock.
25.
Definition of member.
26.
Register of members.
27.
Annual list of members and summary.
28.
Trusts not to be entered on register.
30.
31.
32.
33.
Power of court to rectify register.
35.
Power for company to keep local register,
39.
Issue and effect of share warrants to bearer.
29. Registration of transfer at request of transferor.
Transfer by personal representative.
Inspection of register of members.
Power to close register.
34. Register to be evidence,
36-37. Regulations as to local register.
39. Forgery, persouation, unlawfully engraving plates, &c.
40.
Power of company to arrange for different amounts being
paid on shares.
41.
Fower to return accumulated profits in reduction of paid-up
share capital.
42. Power of company limited by shares to alter its share capital. Notice to registrar of consolidation of share capital, conversion
43.
44.
of shares into stock, &c.
Effect of conversion of shares into stock,
45, Notice of increase of share capital or of members. 46. Re-organisation of share capital.
No comments yet.
Private notes are available after approval.