COMPANIES.
No. 58 of 1911.
2005
(5) The change of name shall not affect any rights or obligations of the company, or render defective any legal proceedings by or against the company, and any legal proceedings that might have been continued or commenced against it by its former name may be continued or commenced against it by its new name.
(6) Except with the permission of the Governor, a company may not be registered by, or adopt, or use, any name which includes the word "British": Provided that a China company may without any such permission be registered by and use a name which includes the word "British".
10. (1) Subject to the provisions of this section, a company may, by special resolution, alter the provisions of its memorandum with respect to the objects of the company, so far as may be required to enable it-
(a) to carry on its business more economically or more efficiently; or
(b) to attain its main purpose by new or improved means; or
(c) to enlarge or change the local area of its operations; or
(d) to carry on some business which in existing circumstances may conveniently or advantageously be combined with the business of the company; or
(e) to restrict or abandon any of the objects specified in the memorandum.
(2) The alteration shall not take effect until and except in so far as it is confirmed on petition by the court.
(3) Before confirming the alteration, the court must be satisfied—
(a) that sufficient notice has been given to every holder of debentures of the company, and to any persons or class of persons whose interests will, in the opinion of the court, be affected by the alteration; and
* As amended by No. 12 of 1921 and Law Rev. Ord., 1924.
c. 69, s. 9.
*
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Page 6
COMPANIES.
No. 58 of 1911.
2005
(5) The change of name shall not affect any rights or obligations of the company, or render defective any legal proceedings by or against the company, and any legal proceedings that might have been continued or commenced against it by its former name may be continued or com- menced against it by its new name.
(6) Except with the permission of the Governor, a com- pany may not be registered by, or adopt, or use, any name which includes the word "British": Provided that a China company may without any such permission be registered by and use a name which includes the word "British"
10. (1) Subject to the provisions of this section, a Alteration of company may, by special resolution, alter the provisions of objects of its memorandum with respect to the objects of the company, 8 Edw. 7. so far as may be required to enable it-
(a) to carry on its business more economically or more efficiently; or
(b) to attain its main purpose by new or improved
means; or
or
(c) to enlarge or change the local area of its operations;
(d) to carry on some business which in existing circum- stances may conveniently or advantageously be combined with the business of the company; or
(e) to restrict or abandon any of the objects specified in the memorandum.
(2) The alteration shall not take effect until and except in so far as it is confirmed on petition by the court.
(3) Before confirming the alteration, the court must be satisfied--
(a) that sufficient notice has been given to every holder of debentures of the company, and to any persons or class of persons whose interests will, in the opinion of the court, be affected by the alteration; and
* As amended by No. 12 of 1921 and Law Rev. Ord., 1924.
company.
c. 69, s. 9.
*
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