CHINESE PARTNERSHIPS.
11
No. 53 of 1911.
1987
(c) “Hung kú shareholder' means a person who is registered as such in a registered partnership and who holds a hung kú (I), or red share, and is a person who is entitled to no interest on capital, but who shares with the partners the surplus profit after interest on capital has been paid.
(d) "Registered partner" means any partner, including a firm, a family tong or a body corporate who or which is registered as such under this Ordinance.
(e) "Registrar of Companies" means the officer and his assistants appointed for the registration of companies under the Companies Ordinance, 1911.
Ordinance No. 58 of 1911.
(2) This Ordinance shall apply only to such partnerships carrying on business in the Colony as in the opinion of the Registrar of Companies can properly be described as Chinese partnerships.
3. Chinese partnerships and partners therein may register in the manner and subject to the conditions by this Ordinance provided.
4.-(1) No partnership may register under this Ordinance unless one at least of its partners registers as a partner therein.
(2) Firms or family tongs may be registered as partners in a registered partnership: Provided that a firm or family tong so registered shall be regarded, so far as the partnership in which it is registered is concerned, as one person: Provided also that one partner only in the firm or one member only of the tong shall be registered as a representative of the firm or tong so registering as aforesaid: Provided also that no person may be registered as a representative of a firm or tong unless the Registrar of Companies is satisfied that he has the authority of the other members of his firm or the adult members of his tong to be registered as their representative in the registered partnership, and unless one month shall have elapsed since an announcement of his intention to apply for registration as a representative of the firm or tong in question shall have been published in the Gazette and in two Chinese daily newspapers circulating in the Colony.
CHINESE PARTNERSHIPS.
11
No. 53 of 1911.
1987
(c) “Hung kú shareholder' means a person who is registered as such in a registered partnership and who holds a hung kú (I), or red share, and is a person who is entitled to no interest on capital, but who shares with the partners the surplus profit after interest on capital has been paid.
(d) "Registered partner" means any partuer, including a firm, a family tong or a body corporate who or which is registered as such under this Ordinance.
(e) "Registrar of Companies" means the officer and his assistants appointed for the registration of companies under the Companies Ordinance, 1911.
Ordinance No. 58of 1911.
(2) This Ordinance shall apply only to such partnerships Application carrying on business in the Colony as in the opinion of the of Ordinance. Registrar of Companies can properly be described as Chinese partnerships.
3. Chinese partnerships and partners therein may register Registration in the manner and subject to the conditions by this Ordinance partnerships provided.
and partners,
4.-(1) No partnership may register under this Ordinance Conditions of unless one at least of its partners registers as a partner registration.
therein.
(2) Firms or family tongs may be registered as partners in a registered partnership: Provided that a firm or family long so registered shall be regarded, so far as the partner- ship in which it is registered is concerned, as one person : Provided also that one partner only in the firm or one member only of the t'ong shall be registered as a represent- ative of the firm or t'ong so registering as aforesaid : Provided also that no person may be registered as રી representative of a firm or t'ong unless the Registrar of Companies is satisfied that he has the authority of the other members of his firm or the adult members of his l'ong to be registered as their representative in the registered partner- ship, and unless one month shall have elapsed since an announcement of his intention to apply for registration as a representative of the firm or t'ong in question shall have been published in the Gazette and in two Chinese daily newspapers circulating in the Colony.
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