Sessional_Paper_1911 — Page 100

Dissolution

and wind-

ing up of registered partnerships.

Ordinance

96

6-(1.) A registered partnership shall not be dissolved by the death, or bankruptcy, or admission, or succession, or retirement of a partner; and the lunacy of a partner shall not be a ground for dissolution of the partnership by the Court unless the lunatic's share cannot be otherwise ascertained and realised,

(2.) In the event of the dissolution of a registered part- nership its affairs shall be wound up by the partners unless the Court otherwise orders.

(3.) Applications to the Court to wind up a registered No. 1 of 1865. partnership shall be by petition under the Companies Ordinance, 1865, or any Ordinance amending or substituted for the same, and the provisions of such Ordinance relat- ing to the winding up of companies by the Court and of the rules made thereunder (including provisions as to fees) shall, subject to such modification (if any) as the Governor-in-Council may by rules provide, apply to the winding up by the Court of registered partnerships, with the substitution of partners for directors.

Law as to

private

(4.) Subject to any express agreement between the

ners,

part-

(.) Any difference arising as to ordinary matters connected with the partnership business may be decided by a majority of the partners; (b.) A partner shall not be entitled to dissolve a regis-

tered partnership by notice,

7. Subject to the provisions of this Ordinance, the Partnership Ordinance, 1897, and the rules of equity and partnership of common law applicable to partnerships, except so far to apply where not as they are inconsistent with the express provisions of the inconsistent last mentioned Ordinance, shall apply. to partnerships and

partners registered under this Ordinance.

with this Ordinance.

Manner and particulars of registra- tion.

Registration

8. The registration of a partnership under this Or- dinance shall be effected by delivering to the Registrar of Companies a statement signed by such of the partners and hung hú shareholders as desire to be registered under this. Ordinance containing the following partienlars :-

(a.) The partnership name;

(b.) The general nature of the business ;

(c.) The principal place of business;

(d.) The full name and address of each of the part- ners and hung kú shareholders who desires to be registered under this Ordinance ;

(c.) The term, if any, for which the partnership is eutered into, and the date of its commence-

ment;

(f) The total capital of the partnership and the amonut of such capital which has been paid up; (g.) The sum contributed by cach partner who desires to be registered under this Ordinance, and whether paid in cash or how otherwise; (h.) The proportion which the interest in the part- nership of each partner who desires to be re- gistered under this Ordinance bears to the in- terests of all the partners, whether registered or unregistered, in the partnership;

(i) The interest in the firm of any hang ku share- holder who desires to be registered as such under this Ordinance.

9.-(1.) If during the continuance of a registered

of changes in partnership any change is made or occurs, whether by partnerships. reason of the death of a registered or unregistered partner

or otherwise howsoever, in :-

(a.) the firm name,

(b.) the general nature of the business,

(e.) the principal place of business,

(d.) the registered partners or the name of any ro-

gistered partner,

(e.) the term or character of the partnership,

(f.) the sum contributed by any registered partner, (9.) the proportion which the interest in the partner- ship of any registered partner bears to the in- terests of all the partners, whether registere:l or unregistered, in the partnership,