7238-1907-Ordinance-passed-and-assented-to--Companies-Local-Registers--No-16 — Page 4

THE HONGKONG GOVERNMENT GAZETTE, NOVEMBER 29, 1907. 1471

6.-(1.) When the Registrar of Companies has reasona- Notice to ble cause to believe that a company is keeping in any place company where it transacts business outside the Colony a register keeping a of members without having a valid licence under this without a

local register Ordinance he shall publish in the Gazette and send to the licence and company a notice that at the expiration of two months from proceedings the date of such notice the name of the company mentioned consequent

thereon. therein will unless cause to the contrary be shown be struck off the register and the company will be dissolved.

(2.) At the expiration of the time mentioned in the notice the Registrar may, unless cause to the contrary is previously shown by the company, strike the name of the company off the register and shall publish notice thereof in the Gazette and on such publication the company whose name is so struck off shall be dissolved: Provided that the liability, if any, of every director, managing officer, and member of the company shall continue and may be enforced as if the company had not been dissolved.

(3.) If any company or member thereof feels aggrieved by the name of such company having been struck off the register in pursuance of this section, the company or mem- her may apply to the Court, and the Court, if it be satisfied that it is just to do so, may order the name of the company to be restored to the register and thereupon the company shall be deemed to have continued in existence as if the name had never been struck off: and the Court may, by the order, give such directions and make such provisions as seem just for placing the company and all other persons in the same position, as nearly as may be, as if the name of the company had never been struck off.

7. If a company makes default in complying with any of Penalty. the provisions of this Ordinance or of any rule or regulation

made thereunder, such company shall be liable to a penalty

not exceeding $50 for every day during which it is in default.

8. The Governor-in-Council shall have power to make Rules and rules and regulations for the better and more effectual carry for carrying

regulations ing out of the provisions of this Ordinance.

9. This Ordinance shall come into force on the first day of January, 1908.

Passed the Legislative Council of Hongkong, this 28th day of November, 1907.

out Ordin-

ance.

A. G. M. FLETCHER,

Clerk of Councils.

Assented to by His Excellency the Governor, the 29th

day of November, 1907.

F. II. MAY,

Colonial Secretary.