23164-1911-Supplementary-Bill-re-published--Companies — Page 72

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(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.

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 of a limited company, other than a company limited by to companies guarantee, as if the company had been formed and registered formed under under this Ordinance as a company limited by shares; in the case of a company limited by guarance, as if the com- 77. s. 245. pany had been formed and registered under this Ordinance 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 1865, or the Companies (Registration) Ordinance, 166, in to companies the same manner as it is hereinafter in this Ordinance registered declared to apply to companies rogistered but not formed 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) Ördin- ance, 1866 as the ease may be.

PART VII.

COMPANIES AUTHORISED TO REGISTER UNDER THIS ORDINANCE.

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

the

Or more

under former Companies Ordinances. Tb. s. 246.

Companies capable of being regis- tered.

(D) any company consisting of seven

members, which was formed for the purpose of 8 Edw. 7 e. carrying on the business of banking, and which 69 s. 249. was in existence at the time of the commence- ment of this Ordinance;

(i) any company consisting of seven or mere 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 :- -

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

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

(e) 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 shures: