COMPANIES ORDINANCE, 1881

COMPANIES ORDINANCE, 1881

ORDINANCE No. 14 oF 1881.

- Companies.

No. 14 of 1881.

~~'~ec(J9di- 'Companies
~~,~,P~ Nn. r An Ordinance entitled the Companies Ordinance, 1~1.

ref x$as, ~>oR.
3 (f 1860,
A [29th August, 1881.]
Win. y of rsry;

A~ 3 of z8$3~ BH it enacted b the Governor of Hongkong, the advice of the
ll'o. 30 of Z $$8 ~ t~ . n >

x$oo.~
4No. 25 of Legislative Council thereof, as follows: - '
Ordinance 1. This Ordinance shall not apply ~ to blinking companies.
not to apply
to banks.
Ordinance to ~. This Ordinance shall so far as is consistent with the
tenor thereof
be construed
witb the be construed as one with the Companies Ordinance, I s6~, the
Comp«nie.

a Companies,
Ordinances
Ordinance, 1 866, and the Colnpanies Orclinance, I si i; and 'those Ordi=
18(u, l f566 and
1867.
xmnees toriether with this Ordinance nosy be referred to as the Companies

Ordinances 186 to 1881.

Registration 3: palojeet as in this Ordinance mentioned any company
1e(risteri~d Y
anew o£ com-
pany with before or after the passing of this Ordinance as air ixnlinaited
company
limited lirvbi-
may register under the Companies Ordinances 186::~ to 1$8I. as a limit pd.
or .any corn-p°alay already rcgistereci as a limited company xna
re~register under the provisions of this Ordinance. .
'yh~ registratioii of an unlimited cornpany as a lirliited cot~npahY ~n
p-s ance of this Ordinance sb;-,tll not aftect or prejudice debts Ii r
ui U
Jibes, obli~a,t,ions or contracts i~icurred 'or~ eait:erecl into bar,
totvitl~=fai~¢~=_

TIf f h co-.npany, p I ri or to ucb r-egist 'ore aid 'and ~SL C~1,
eha 0 sIlp raflon,as af 8 h
debts lia;l a ' be enforced in' i
~Mties, ~Co.ntracts and obligatimis irt, 11awler
provided by tlae Companies Ordinance, 1866, in the case of a; caW pany
registering :in pursuance of that Ordinance or otherwise'.

4-An unliioited ccmpaly mad= by floe resolution passed by the
.~o~ny I ,a~ `;menihers when assenting to registration as a limited
Lomlrany sander floe
prom sect
~C`orrparixcs 0 rd inances -IS6 5 to I sBU, -in d for the pu hpyse of
such re~,is-
v ~'ratwn -or otherwise increase the xromiDal an 01110

'~ the nominal amount of each of its shares. , ,~ .
~rov'ided that zoo part of such inc:ensed capital -shal1 be capable of
bei~g-'c~l1 ~d ,np, except ins the ev cant of and for tl~e purposes ,of
the corm-
pony beinNN-ound up.-
An cl, in cases where no such increase `of nominat capital may b
resolved 'upon, an unlimited cornhany nay; by such resolution as afore-
said, provide that a portion of its uncalled capital shall not be capable
of
beirib called up except in the event of and for the, purposes of the con-
parry being wound up..
ORDINANCE No. 14 OF 1881.

Companies.

A limited company may by a special resolution declare that any
portion of its capital which llas not been already called up shall not be
capable of being called up except in the event of and for the purposes of
tl-le colnhany being wound up, and thereupon such portion of capital.
sliatl nod be capable of being callccl up, except in the event; of and
for the
purpose of the company being wound up:

On the rl~ylstrttttoLl, in pLILSL1aI2C2 or this Ordinance, of 11 `GOIn-
Pa.rly which has been rilre-ady registered, flie Registrar shall nuake
provision
for Glosin~ the former registration of the cornpany, and may dispense
with the delivery to kiln of copies of any docvlnents with copies of which
he was, furnished on the occasion of the registration of the company;
btzt, save as 4vforesali;l, the rc;istraLtiozl of such a colnpcony shalt
ta.h.c: place
ill the same manner, -and have the sa.21~-, efl`c:ct as if it were tIm
first regis-
tliwtion of that companytnc?er the Companies (.)rdinances IS65 to- 1880,
glad as if the pzovisioxmof the 0ivZinance tinder which the company was
~r~viaus~y ~e~istered and torat,ziu~ioc1 in
different
*dluanoes, from those under which. the, cornpany is registered as a.l
lin-lited

~V.~2~h1 Zly. '

' 6. A .company authorized fo register' under .this Ordin;lnce tnay
re'zister fhecvutoler, and &vail ''Itself of the privilco'es Conferred by
this
0inance, no 11
rdi twith't'I dino, any provisions contained in any Ordinance,
' died of settlement, or contrast uf.co-partrlery, constituting or regulating
the company.
1596
[See Ordinances No. 1 of 1865, Nos. No. 1 of 1877, No. 3 of 1883, No. 30 of 1886 & No. 25 of 1890.]
Ordinance not to apply to banks.
Ordinance to be construed with the Companies Ordinances 1865, 1866 and 1867.
Registration anew of company with limited liability.
Reserve capital of company how provided.
1597
Application of the Companies Ordinance 1865, the Companies Ordinance 1866 and the Companies Ordinance 1877.
Privileges of Ordinance available notwithstanding constitution of Company.

1596
[See Ordinances No. 1 of 1865, Nos. No. 1 of 1877, No. 3 of 1883, No. 30 of 1886 & No. 25 of 1890.]
Ordinance not to apply to banks.
Ordinance to be construed with the Companies Ordinances 1865, 1866 and 1867.
Registration anew of company with limited liability.
Reserve capital of company how provided.
1597
Application of the Companies Ordinance 1865, the Companies Ordinance 1866 and the Companies Ordinance 1877.
Privileges of Ordinance available notwithstanding constitution of Company.

https://oelawhk.lib.hku.hk/items/show/401

1890

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No. 14 of 1881

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