1923_COMPANIES_ORDINANCE__1911 — Page 127

COMPANIES.

No. 58 of 1911.

2127

(c) subject to the provisions of this section, the company [s. 211 contd.] shall not have power to alter any provision contained in any Act of Parliament or Ordinance relating to the company;

(d) subject to the provisions of this section, the company shall not have power, without the sanction of the Governor, to alter any provision contained in any letters patent relating to the company;

(e) the company shall not have power to alter any provi- sion contained in a Royal charter or letters patent with respect to the objects of the company;

(f) 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 before registration, who is liable to pay or contribute to the payment of any debt or liability of the company contracted before registration, or to pay or contribute to the payment of any sum for the adjust- ment of the rights of the members among themselves in respect of any such debt or liability; or to pay or contribute to the payment of the costs and expenses of winding up the company, so far as relates to such debts or liabilities as aforesaid; and every 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 contributory, or marriage of any female contributory, the provisions of this Ordinance with respect to the personal representatives, heirs, and devisees of deceased contributories, to the trustees of bankrupt or insolvent. contributories, and to the liabilities of husbands and wives respectively, shall apply;

(iii) The provisions of this Ordinance with respect to- (a) the registration of an unlimited company as limited; (b) the powers of an unlimited company on registration as a limited company to increase the nominal amount of its share capital and to provide that a portion of its share capital shall not be capable of being called up except in the event of winding-up;

(c) the power of a limited company to determine that a portion of its share capital shall not be capable of being called up except in the event of winding-up;