1912_COMPANIES_ORDINANCE__1911 — Page 108

2182

No. 58 of 1911.

COMPANIES.

Application

of Ordinance

to companies

former

Ordinances. 8 Edw. 7 c. 69 s. 245.

PART VI.

APPLICATION OF Ordinance to COMPANIES FORMED AND

REGISTERED UNDER FORMER ORDINANCES.

225. In the application of this Ordinance to existing companies, it shall apply in the same manner in the case of a limited company, formed under other than a company limited by guarantee, as if the company had been formed and registered under this Ordinance as a company limited by shares; in the case of a company limited by guarantee, as if the company had been formed and registered under this Ordi- nance as a company limited by guarantee; and in the case of a company other than a limited company, as if the company had been an unlimited formed and registered under this Ordinance as

Application of Ordinance

to companies registered

under former Companies Ordinances. ib. s. 246.

*

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 registered but not formed under the Companies Ordinance, 1865, in the same manner as it is hereinafter in this Ordinance declared to apply to companies registered but not formed under this Ordinance :

Provided that reference, express or implied, to the date of regis- tration shall be construed as a reference to the date at which the company was registered under the Companies Ordinance, 1865.

Companies capable of being regis- tered.

ib. s. 249.

*

PART VII.

COMPANIES AUTHORISED TO REGISTER UNDER THIS ORDINANCE. 227.-(1) With the exceptions and subject to the provisions men- tioned and contained in this section,-

(i) any company consisting of 7 or more members, which was formed for the purpose of carrying on the business of banking, and which was in existence at the commencement of this Ordinance ;

(ii) any company consisting of 7 or more members, which was in existence on the 1st May, 1865;

(iii) any company formed after the date aforesaid, whether be- fore 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 7 or more members;

* As amended by No. 16 of 1912,