COMPANIES ORDINANCE, 1865 AMENDMENT

COMPANIES ORDINANCE, 1865 AMENDMENT

Companies Ordinance 1865 Amendment.

No. 2 of 1866.

An Ordinance to amend 'The Companies Ordinance, 1865.'

6th March, 1866.

Be it enacted by His Excellency the Governor of Hongkong, with the
B advice of the Legislative Council thereof, as follows:-

1. ' The Companies Ordinance 1865' is hereby amended by repealing
section 4 and by in-setting in lieu thereof the section following :-

4. 'No company, association, or partnership consisting of more
than twenty. persons shall be formed after the commence-
ment of this Ordinance for the purpose of carrying on
any business that has for its object the acquisition of
gain by the company, association or partnership, or by
the individual members thereof, unless it is registered as
a company under this Ordinance or is formed in pur-
suance of some other Ordinance, or of a charter of
incorporation, oz of letters patent. Provided always,
. that Nothing in this Ordinance contained shall apply to
or affect any company, association, or partnership formed
for the purpose of carrying on the business of banking.'
2, 'fihe Companies Ordinance 1865 ' is further amended by repeal-
ing section 5, and by inserting in lieu thereof the section following:-
5. ''this Ordinance is divided into six parts relating, to the

following subject-matters:--

Tlie first part to the constitution and incorporation of com-

panics and associations under, this Ordinance.
Section 6 of
'The

Companies
Ordinance
1866 '

amended.

Companies
'Ordinance
1885 '

amended by
repealing

section 88.
Section 44
of '1 The

Companion
Ordinance
is6s'

amended.

Part of

Section 56
of 'The

Companies
Ordinance
1865 '

repealed.

Section 151
of '° Tlie

Companies
Ordinance
Issi '

amended.

Power to com-
missioners to
make
forargoing

amendments, .

&c., in the
new edition
of the
Ordinances.

ORDINANCE No. 2 of 1866.

Companies Ordinance 1885 Amendment.

'The second part to the distribution of the capital and liability
of members of companies and associations under this
Ordinance.

'The third part to the management and administration of
companies and associations under this Ordinance.

'The fourth part to the winding-up of companies and associa-
tions under this Ordinance.

'The fifth part to the registration office.

'The sixth part to the repeal of Ordinances.

3. ''rhe Companies Ordinance 1865' is hereby further amended by
inserting in the first line of section G thereof, after the word
'purpose,'
the words following:-

'except that of carrying on the business of banking.'

4. 'The Companies Ordinance 1865 ' is hereby further amended by
repealing section 38 thereof, and by renumbering tie remaining sections
as though the section repealed had never been inserted.

C. 'The Companies Ordinance 1865' is hereby further amended by
expunging from section 44 thereof the words 'every limited banking
company and.'

8. 'The Companies Ordinance 1865' is further amended by expung-
ing from section, 56 thereof the paragraph numbered (1) and commencing
with the words 'In the case of a banking company' and concluding with
the words 'being issued,' and by expunging from the paragraph numbered
(2) the word 'other,' and by renumbering the paragraphs of the same
section as though the expunged paragraph land never been inserted.

'J. Section 151 of 'The Companies Ordinance 1865' is further
amended by inserting after the words ' wound-up' in the seventh and
eighth lines thereof the words following:-

`°and the words `the Board of Trade' shall be read as meaning
His Excellency the Governor.'

8. It shall be lawful for the commissioners appointed to compile a
new edition of the Ordinances to make therein, and they are hereby
required to make therein, the several amendments hereinbefolie mentioned.
The commissioners shall also in the new edition expunge from the said
Ordinance the words and figures prfecdirg section 38, that is to say:-
No. 2 of 1866.

Companies Ordinance 1865 Amendment.

'PART IIL'

'LIABILITY OF BANKING COMPANIES ISSUING NOTES'
and also shall where the words and -figures ' fart IV,' ' Part V,' ' Part

Vpy 11
I, and 11 Part VII, occur in the subsequent part of the said Ordinance,
substitute therefor ' Part III' ' Part IV,' Part V,' and ' fart V I,'
respectively.

NOTE:-Tlae amendments in dais Ordinance p3°ovided for, n;ere incor-
porated in volume I of the Ordinances published in 1866.
879

Title.
[See Ordinances No. of 1865, No. 3 of 1866, No. 1 of 1877, No. 14 of 1881, No. 3 of 1883, No. 30 of 1886.]
Section 4 of 'The Companies Ordinance 1865' repealed, and new section inserted in lieu thereof. 'Prohibition of partnerships exceeding certain number.'
Section 5 of 'The Companies Ordinance 1865' repealed and new section inserted in lieu thereof.
'Division of Ordinance.'
880
Section 6 of 'The Companies Ordinance 1865' amended.
'The Compaines Ordinance 1865' amended by repealing section 38. Section 44 of 'The Companies Ordinance 1865'amended.
Part of section 56 of 'The Companies Ordinance 1865' repealed.
Section 151 of 'The Companies Ordinance 1865' amended.
Power to commissioners to make foregoing amendments, &c., in the new edition of the Ordinances.
881

879

Title.
[See Ordinances No. of 1865, No. 3 of 1866, No. 1 of 1877, No. 14 of 1881, No. 3 of 1883, No. 30 of 1886.]
Section 4 of 'The Companies Ordinance 1865' repealed, and new section inserted in lieu thereof. 'Prohibition of partnerships exceeding certain number.'
Section 5 of 'The Companies Ordinance 1865' repealed and new section inserted in lieu thereof.
'Division of Ordinance.'
880
Section 6 of 'The Companies Ordinance 1865' amended.
'The Compaines Ordinance 1865' amended by repealing section 38. Section 44 of 'The Companies Ordinance 1865'amended.
Part of section 56 of 'The Companies Ordinance 1865' repealed.
Section 151 of 'The Companies Ordinance 1865' amended.
Power to commissioners to make foregoing amendments, &c., in the new edition of the Ordinances.
881

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1890

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No. 2 of 1866

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