1950_COMPANIES_ORDINANCE — Page 65

HK Historical Laws 香港歷史法例 All AI Reviewed

Companies.

(2) It shall be kept in the same manner in which the principal register is by this Ordinance required to be kept, except that the advertisement before closing the register shall be inserted in some newspaper circulating in the district where the local or branch register is kept.

(3) The company shall transmit to its registered office a copy of every entry in its local or branch register as soon as may be after the entry is made, and shall cause to be kept at its registered office, duly entered up from time to time, a duplicate of its local or branch register. Every such duplicate shall, for all the purposes of this Ordinance, be deemed to be part of the principal register.

(4) Subject to the provisions of this section with respect to the duplicate register, the shares registered in a local or branch register shall be distinguished from the shares registered in the principal register, and no transaction with respect to any shares registered in a local or branch register shall, during the continuance of that registration, be registered in any other register.

(5) A company may discontinue to keep a local or branch register, and thereupon all entries in that register shall be transferred to some other local or branch register kept by the company or to the principal register.

(6) Subject to the provisions of this Ordinance, any company may, by its articles, make such provisions as it may think fit respecting the keeping of local or branch registers.

(7) If default is made in complying with subsection (3), the company and every officer of the company who is in default shall be liable to a default fine.

[CAP. 32

from certain

of shares

105. (1) An instrument of transfer of a share registered Exemption in a local or branch register, shall be deemed to be a transfer duties in case of property situate out of the Colony, and, unless executed in any part of the Colony, shall be exempt from stamp duty chargeable in the Colony.

registered

in local or branch registers. ibid. s. 105.

(2) No estate duty under the Estate Duty Ordinance, (Cap.111), shall be payable in respect of the share or other interest of a deceased member registered in a local or branch register kept out of the Colony under this Ordinance.

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Companies. (2) It shall be kept in the same manner in which the principal register is by this Ordinance required to be kept, except that the advertisement before closing the register shall be inserted in some newspaper circulating in the district where the local or branch register is kept. (3) The company shall transmit to its registered office a copy of every entry in its local or branch register as soon as may be after the entry is made, and shall cause to be kept at its registered office, duly entered up from time to time, a duplicate of its local or branch register. Every such duplicate shall, for all the purposes of this Ordinance, be deemed to be part of the principal register. (4) Subject to the provisions of this section with respect to the duplicate register, the shares registered in a local or branch register shall be distinguished from the shares registered in the principal register, and no transaction with respect to any shares registered in a local or branch register shall, during the continuance of that registration, be registered in any other register. (5) A company may discontinue to keep a local or branch register, and thereupon all entries in that register shall be transferred to some other local or branch register kept by the company or to the principal register. (6) Subject to the provisions of this Ordinance, any company may, by its articles, make such provisions as it may think fit respecting the keeping of local or branch registers. (7) If default is made in complying with subsection (3), the company and every officer of the company who is in default shall be liable to a default fine. [CAP. 32 from certain of shares 105. (1) An instrument of transfer of a share registered Exemption in a local or branch register, shall be deemed to be a transfer duties in case of property situate out of the Colony, and, unless executed in any part of the Colony, shall be exempt from stamp duty chargeable in the Colony. registered in local or branch registers. ibid. s. 105. (2) No estate duty under the Estate Duty Ordinance, (Cap.111), shall be payable in respect of the share or other interest of a deceased member registered in a local or branch register kept out of the Colony under this Ordinance. 77 Page 65 Page 66

Baseline (Original)

. Companies. (2) It shall be kept in the same manner in which the principal register is by this Ordinance required to be kept, except that the advertisement before closing the register shall be inserted in some newspaper circulating in the district where the local or branch register is kept. (3) The company shall transmit to its registered office a copy of every entry in its local or branch register as soon as may be after the entry is made, and shall cause to be kept at its registered office, duly entered up from time to time, a duplicate of its local or branch register. Every such duplicate shall, for all the purposes of this Ordinance, be deemed to be part of the principal register. (4) Subject to the provisions of this section with respect to the duplicate register, the shares registered in a local or branch register shall be distinguished from the shares registered in the principal register, and no transaction with. respect to any shares registered in a local or branch register shall, during the continuance of that registration, be regis- tered in any other register. (5) A company may discontinue to keep a local or branch register, and thereupon all entries in that register shall be transferred to some other local or branch register kept by the company or to the principal register. (6) Subject to the provisions of this Ordinance, any company may, by its articles, make such provisions as it may think fit respecting the keeping of local or branch registers. (7) If default is made in complying with subsection (3), the company and every, officer of the company who is in default shall be liable to a default fine. [CAP. 32 from certain of shares 105. (1) An instrument of transfer of a share registered Exemption in a local or branch register, shall be deemed to be a transfer duties in case of property situate out of the Colony, and, unless executed in any part of the Colony, shall be exempt from stamp duty chargeable in the Colony. registered in local or branch registers. ibid. s. 105. (2) No estate duty under the Estate Duty Ordinance, (Cap. 111.) shall be payable in respect of the share or other interest of a deceased member registered in a local or branch register kept out of the Colony under this Ordinance. 77 Page 65Page 66

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Companies.

(4) Subject to the provisions of this section with respect to the duplicate register, the shares registered in a local or branch register shall be distinguished from the shares registered in the principal register, and no transaction with. respect to any shares registered in a local or branch register shall, during the continuance of that registration, be regis- tered in any other register.

(6) Subject to the provisions of this Ordinance, any company may, by its articles, make such provisions as it may think fit respecting the keeping of local or branch registers.

(7) If default is made in complying with subsection (3), the company and every, officer of the company who is in default shall be liable to a default fine.