28
CAP. 32]
Companies
[1984 Ed.
Power of company to hold lands. 1929 c. 23. s. 14.
Conclusiveness
of certificate
of incorporation. 1929 c. 23, s. 15.
Unlimited companies may be re-registered as limited.
1967 c. 81, s. 44.
(6 of 1984.) (*31.8.84)
Eighth Schedule.
(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.
17. (1) Every company incorporated under this Ordinance shall have power to acquire, hold and dispose of land. (Replaced, 74 of 1974, s. 3)
(2) For the purposes of this section, "land" includes any estate or interest in land, buildings, messuages and tenements of what nature or kind soever. (Replaced, 25 of 1958, s. 2)
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 High 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. (Amended, 92 of 1975, s. 59)
19. (1) A company which, at or after the commencement* of the Companies (Amendment) Ordinance 1984, is registered as unlimited may be re-registered as limited if a special resolution that it should be so re-registered (complying with the requirement of subsection (2)) is passed and an application in that behalf, framed in the prescribed form and signed by a director or by the secretary of the company, is lodged with the Registrar together with the documents mentioned in subsection (3) not earlier than the day on which the copy of the resolution forwarded to him in pursuance of section 117 is received by him; and the Eighth Schedule shall have effect for the purposes of this section as if for references in that Schedule to the registration of a company there were substituted references to its re-registration under this section.
(2) The said requirement is that the resolution-
(a) shall state the manner in which the liability of the members of the company is to be limited and, if the company is to have a share capital, what that capital is to be; and
C
28
CAP. 32]
Companies
[1984 Ed.
Power of company to hold lands. 1929 c. 23. s. 14.
Conclusiveness
of certificate
of incorporation. 1929 c. 23, s. 15.
Unlimited companies may be re-registered as limited.
1967 c. 81, s. 44.
(6 of 1984.) (*31.8.84)
Eighth Schedule.
(2) From the date of incorporation mentioned in the cer- tificate 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.
17. (1) Every company incorporated under this Ordinance shall have power to acquire, hold and dispose of land. (Replaced, 74 of 1974, s. 3)
(2) For the purposes of this section, "land" includes any estate or interest in land, buildings, messuages and tenements of what nature or kind soever. (Replaced, 25 of 1958, s. 2)
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 High 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. (Amended, 92 of 1975, s. 59)
19. (1) A company which, at or after the commencement* of the Companies (Amendment) Ordinance 1984, is registered as unlimited may be re-registered as limited if a special resolution that it should be so re-registered (complying with the requirement of subsection (2)) is passed and an application in that behalf, framed in the prescribed form and signed by a director or by the secretary of the company, is lodged with the Registrar together with the documents mentioned in subsection (3) not earlier than the day on which the copy of the resolution forwarded to him in pursuance of section 117 is received by him; and the Eighth Schedule shall have effect for the purposes of this section as if for references in that Schedule to the registration of a company there were substituted references to its re-registration under this section.
(2) The said requirement is that the resolution-
(a) shall state the manner in which the liability of the members of the company is to be limited and, if the company is to have a share capital, what that capital is to be; and
C
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