1990
No. 53 of 1911.
Dissolution and wind-
ing-up of registered
CHINESE PARTNERSHIPS.
6.-(1) A registered partnership shall not be dissolved by the death, or bankruptcy, or admission, or succession, or retirement of a partner; and the lunacy of a partner shall not be a ground for dissolution of the partnership by the court unless the lunatic's share cannot be otherwise ascertained and realised.
(2) In the event of the dissolution of a registered partnership, its affairs shall be wound up by the partners unless the court otherwise orders.
(3) Applications to the court to wind up a registered partnership shall be by petition under the Companies Ordinance, No. 58 of 1911, and the provisions of such Ordinance relating to the winding-up of companies by the court and of the rules made thereunder (including provisions as to fees) shall, subject to such modification (if any) as the Governor in Council may by rules provide, apply to the winding-up by the court of registered partnerships, with the substitution of partners for directors.
(4) Subject to any express agreement between the partners,-
(a) any difference arising as to ordinary matters connected with the business of a registered partnership may be decided by a majority of the partners;
(b) a partner shall not be entitled to dissolve a registered partnership by notice.
7. Subject to the provisions of this Ordinance, the Partnership Ordinance, 1897, and the rules of equity and of common law applicable to partnerships, except in so far as they are inconsistent with the express provisions of the last-mentioned Ordinance, shall apply to partnerships and partners registered under this Ordinance.
8. The registration of a partnership under this Ordinance shall be effected by delivering to the Registrar of Companies a statement signed by such of the partners and shareholders as desire to be registered under this Ordinance containing the following particulars:-
(a) the partnership name;
(b) the general nature of the business ;
(c) the principal place of business ;
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Page 6
1990
No. 53 of 1911.
Dissolution and wind-
ing-up of registered
CHINESE PARTNERSHIPS.
6.-(1) A registered partnership shall not be dissolved by the death, or bankruptcy, or admission, or succession, or retirement of a partner; and the lunacy of a partner shall partnerships. not be a ground for dissolution of the partnership by the court unless the lunatic's share cannot be otherwise ascertained and realised.
Ordinance
(2) In the event of the dissolution of a registered partner- ship, its affairs shall be wound up by the partners unless the court otherwise orders.
(3) Applications to the court to wind up a registered part- nership shall be by petition under the Companies Ordinance, No. 58of 1911. 1911, and the provisions of such Ordinance relating to the winding-up of companies by the court and of the rules made thereunder (including provisions as to fees) shall, subject to such modification (if any) as the Governor in Council may by rules provide, apply to the winding-up by the court of registered partnerships, with the substitution of partners for directors.
Law as to private partnership to apply.
(4) Subject to any express agreement between the part-
ners,-
(a) any difference arising as to ordinary matters connected with the business of a registered partnership may be decided by a majority of the partners;
(b) a partner shall not be entitled to dissolve a registered partnership by notice.
7. Subject to the provisions of this Ordinance, the Part- nership Ordinance, 1897, and the rules of equity and of common law applicable to partnerships, except in so far as Ordinance 97 they are inconsistent with the express provisions of the last-mentioned Ordinance, shall apply to partnerships and partners registered under this Ordinance.
Manner and
registration.
8. The registration of a partnership under this Ordinance particulars of shall be effected by delivering to the Registrar of Companies a statement signed by such of the partners and hung kú shareholders as desire to be registered under this Ordinance containing the following particulars:-
(a) the partnership name;
(b) the general nature of the business ; (c) the principal place of business ;
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