1950_COMPANIES_ORDINANCE — Page 174

CAP. 32]

[s. 291 cont.]

Companies.

(2) Any such order may provide that all costs of and incidental to the application shall be borne by the company or by any officers of the company responsible for the default. (3) Nothing in this section shall be taken to prejudice the operation of any enactment imposing penalties on a company or its officers in respect of any such default as aforesaid.

[292

PART VIII.

Application

of Ordinance

APPLICATION OF ORDINANCE TO COMPANIES FORMED OR REGISTERED UNDER FORMER ORDINANCES.

292. In the application of this Ordinance to existing

to companies companies, it shall apply in the same manner—

formed under

former Companies Ordinance. 19 & 20 Geo. 5,

c. 23, s. 316.

(a) in the case of a limited company, other than a com- pany limited by guarantee, as if the company had been formed and registered under this Ordinance as a company limited by shares;

(b) in the case of a company limited by guarantee, as if the company had been formed and registered under this Ordinance as a company limited by guarantee; and

(c) in the case of a company other than a limited com- pany, as if the company had been formed and registered under this Ordinance as an unlimited. company:

Provided that reference, express or implied, to the date of registration shall be construed as a reference to the date at which the company was registered under the Companies (58 of 1911). Ordinance, 1865, or the Companies Ordinance, 1911, as the

case may be.

(1 of 1865).

Application

of Ordinance

registered

under former

Companies

Ordinances.

19 & 20 Geo. 5,

[293

293. This Ordinance shall apply to every company to companies registered but not formed under the Companies Ordinance, 1865, or the Companies Ordinance, 1911, in the same manner as it is in Part IX of this Ordinance declared to apply to c. 23, s. 317. companies registered but not formed under this Ordinance: Provided that reference, express or implied, to the date of registration shall be construed as a reference to the date at which the company was registered under the Companies Ordinance, 1865, or the Companies Ordinance, 1911, as the case may be.

[294

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