1950_COMPANIES_ORDINANCE — Page 175

Companies.

[CAP. 32

of Ordinance

to companies under former ordinance.

re-registered

Companies

19 & 20 Geo. 5, c. 23, s. 318.

294. This Ordinance shall apply to every unlimited com- Application pany registered as a limited company in pursuance of sec- tion 58 of the Companies Ordinance, 1911, in the same manner as it applies to an unlimited company registered in pursuance of this Ordinance as a limited company: Provided that reference, express or implied, to the date of registration (58 of 1911.) shall be construed as a reference to the date at which the company was registered as a limited company under the said section of the Companies Ordinance, 1911.

[295

PART IX.

COMPANIES NOT FORMED UNDER THIS ORDINANCE AUTHORIZED

TO REGISTER UNDER THIS ORDINANCE.

capable of

being

registered.

19 & 20 Geo. 5,

c. 23, s. 321.

295. (1) With the exceptions and subject to the provi- Companies sions contained in this section, any company formed whether before or after the commencement of this Ordinance, in pursuance of any Ordinance other than this Ordinance, or of letters patent, or being otherwise duly constituted accord- ing to law, and consisting of seven or more members, may at any time register under this Ordinance as an unlimited company, or as a company limited by shares, or as a com- pany limited by guarantee; and the registration shall not be invalid by reason that it has taken place with a view to the company being wound up: Provided that-

(a) a company registered under the Companies Ordin- ance, 1865, or the Companies Ordinance, 1911, shall not register in pursuance of this section; (b) a company having the liability of its members limited by Ordinance, Act of Parliament or letters patent, and not being a joint stock company as hereinafter defined, shall not register in pursuance of this section;

(c) a company having the liability of its members limited by Ordinance, Act of Parliament or letters patent shall not register in pursuance of this section as an unlimited company or as a company limited by guarantee;

(d) a company that is not a joint stock company as hereinafter defined shall not register in pursuance of this section as a company limited by shares;

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