Companies.
a
16. (1) On the registration of the memorandum of company the Registrar shall certify under his hand that the company is incorporated and, in the case of a limited company, that the company is limited.
(2) From the date of incorporation mentioned in the certificate of incorporation, the subscribers of the memorandum, together with such other persons as may from time to time become members of the company, shall be a body corporate by the name contained in the memorandum, capable forthwith of exercising all the functions of an incorporated company, and having perpetual succession and a common seal, but with such liability on the part of the members to contribute to the assets of the company in the event of its being wound up as is mentioned in this Ordinance.
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Effect of registration.
19 & 20 Geo. 5, c. 23, s. 13.
Power of company to hold lands.
19 & 20 Geo. 5, c. 23, s. 14.
17. (1) A company incorporated under this Ordinance shall have power to hold lands: Provided that a company formed for the purpose of promoting art, science, religion, charity or any other like object not involving the acquisition of gain by the company or by its individual members, shall not, without the licence of the Governor hold more than two acres of land, but the Governor may by licence empower any such company to hold lands in such quantity, and subject to such conditions, as he may think fit.
(2) A licence given by the Governor under this section shall be in accordance with the form set out in the Second Schedule, or as near thereto as circumstances admit.
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Conclusive evidence of incorporation.
19 & 20 Geo. 5, c. 23, s. 15.
18. (1) A certificate of incorporation given by the Registrar in respect of any association shall be conclusive evidence that all the requirements of this Ordinance in respect of registration and of matters precedent and incidental thereto have been complied with, and that the association is a company authorized to be registered and duly registered under this Ordinance.
(2) A statutory declaration by a solicitor of the Supreme Court, engaged in the formation of the company, or by a person named in the articles as a director or secretary of the company, of compliance with all or any of the said requirements shall be produced to the Registrar, and the Registrar may accept such a declaration as sufficient evidence of compliance.
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Companies.
a
16. (1)
On the registration of the memorandum of company the Registrar shall certify under his hand that the company is incorporated and, in the case of a limited com- pany, that the company is limited.
(2) From the date of incorporation mentioned in the certificate of incorporation, the subscribers of the memoran- dum, together with such other persons as may from time to time become members of the company, shall be a body corporate by the name contained in the memorandum, capable forthwith of exercising all the functions of an incorporated company, and having perpetual succession and a common seal, but with such liability on the part of the members to contribute to the assets of the company in the event of its being wound up as is mentioned in this Ordinance.
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Effect of 19 & 20 Geo. 5,
registration.
c. 23, s. 13.
company to
hold lands.
19 & 20 Geo. 5, c. 23, s. 14.
17. (1) A company incorporated under this Ordinance Power of shall have power to hold lands: Provided that a company formed for the purpose of promoting art, science, religion, charity or any other like object not involving the acquisition of gain by the company or by its individual members, shall not, without the licence of the Governor hold more than two acres of land, but the Governor may by licence empower any such company to hold lands in such quantity, and subject to such conditions, as he may think fit.
(2) A licence given by the Governor under this section shall be in accordance with the form set out in the Second Second Schedule, or as near thereto as circumstances admit. [16
Schedule.
ness of
incorporation.
19 & 20 Geo. 5. c. 23, s. 15.
18. (1) A certificate of incorporation given by the Conclusive- Registrar in respect of any association shall be conclusive certificate of evidence that all the requirements of this Ordinance in respect of registration and of matters precedent and incidental thereto have been complied with, and that the association is a company authorized to be registered and duly registered under this Ordinance.
(2) A statutory declaration by a solicitor of the Supreme Court, engaged in the formation of the company, or by a person named in the articles as a director or secretary of the company, of compliance with all or any of the said require- ments shall be produced to the Registrar, and the Registrar may accept such a declaration as sufficient evidence of com- pliance.
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