1950_COMPANIES_ORDINANCE — Page 5

Companies.

[САР. 32

"existing company" means a company formed and registered under the Companies Ordinance, 1865, or the Companies Ordinance 1911;

"general rules" means general rules made under section 281

and includes forms;

"memorandum" means the memorandum of association of a company, as originally framed or as altered in pursuance of any enactment;

"prescribed" means as respects the provisions of this Ordin- ance relating to the winding-up of companies, prescribed by general rules, and as respects the other provisions of this Ordinance, prescribed by the Governor in Council; "prospectus" means any prospectus, notice, circular, adver-

tisement, or other invitation, offering to the public for subscription or purchase any shares or debentures of a company;

"Registrar" means the registrar or other officer performing under this Ordinance the duty of registration of com- panies;

"share" means share in the share capital of a company, and includes stock except where a distinction between stock and shares is expressed or implied;

"Table A" means Table A in the First Schedule.

(2) A person shall not be deemed to be within the mean- ing of any provision in this Ordinance a person in accordance with whose directions or instructions the directors of a com- pany are accustomed to act, by reason only that the directors of the company act on advice given by him in a professional capacity.

[348

3. This Ordinance applies to every company registered Application. in this Colony, whether such company be registered before or 1 of 1949, s. 2. after the commencement of this Ordinance irrespective of the place or places where the business of such company may be carried on.

[2

PART I.

INCORPORATION OF COMPANIES AND MATTERS

INCIDENTAL THERETO.

Memorandum of Association.

4. (1) Any seven or more persons, or, where the Mode of company to be formed will be a private company, any two incorporated

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forming

company.

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