ORDINANCE No. 3 OF 1866.
Registration of Companies.
(4.) That no company shall have power without the sanction of His Excellency the Governor to alter any provision contained in any letters patent relating to the company : (5.) That in the event of the company being wound up, every person shall be a contributory, in respect of the debts and liabilities of the company contracted prior to registration, who is liable, at Law or in Equity, to pay or contribute to the payment of any debt or liability of the company contracted prior to registration, or to pay or contribute to the payment of any sum for the adjustment of the rights of the members amongst themselves in respect of any such debt or liability; or to pay or contribute to the payment of the costs, charges and expenses of winding up the company, so far as relates to such debts or liabilities as aforesaid; and every such contributory shall be liable to contribute to the assets of the company, in the course of the winding up, all sums due from him in respect of any such liability as aforesaid; and in the event of the death, bankruptcy, or insolvency of any such contributory as last aforesaid, or marriage of any such contributory being a female, the provisions of "The Companies Ordinance 1865" with respect to the representatives, heirs, and devisees of deceased contributories, and with reference to the assignees of bankrupt or insolvent contributories and to the husbands of married contributories, shall apply: (6.) That nothing herein contained shall authorize any company to alter any such provisions contained in any deed of settlement, contract of copartnery, letters patent, or other instrument constituting or regulating the company, as would, if such company had originally been formed under "The Companies Ordinance 1865" have been contained in the memorandum of association, and are not authorized to be altered by "The Companies Ordinance 1865."
But nothing herein contained shall derogate from any power of altering its constitution or regulations which may be vested in any company.
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ORDINANCE No. 3 OF 1866.
Registration of Companies.
(4.) That no company shall have power without the sanction of His Excellency the Governor to alter any provision contained in any letters patent relating to the company : 5.) That in the event of the company being wound up, every person shall be a contributory, in respect of the debts and liabilities of the company contracted prior to regis- tration, who is liable, at Law or in Equity, to pay or contribute to the payment of any debt or liability of the company contracted prior to registration, or to pay. or contribute to the payment of any sum for the adjust- ment of the rights of the members amongst themselves in respect of any such debt or liability; or to pay or contribute to the payment of the costs, charges and expenses of winding up the company, so far as relates to such debts or liabilities as aforesaid; and every such contributory shall be liable to contribute to the assets of the company, in the course of the winding up, all sums due from him in respect of any such liability ast aforesaid; and in the event of the death, bankruptcy, or insolvency of any such contributory as last aforesaid, or marriage of any such contributory being a female, the provisions of "The Companies Ordinance 1865" with respect to the representatives, heirs, and devisees of deceased contributories, and with reference to the assignees of bankrupt or insolvent contributories and to the husbands of married contributories, shall apply: (6.) That nothing herein contained shall authorize any com- pany to alter any such provisions contained in any deed of settlement, contract of copartnery, letters patent, or other instrument constituting or regulating the company, as would, if such company had originally been formed under "The Companies Ordinance 1865" have been contained in the memorandum of association, and are not authorized to be altered by "The Companies Ordi- nance 1865."
But nothing herein contained shall derogate from any power of altering its constitution or regulations which may be vested in any company
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