Chapter: 32 COMPANIES ORDINANCE
Section Num: 360C Version Date 01/07/1997
Power of Chief Executive in Council to order company engaging in undesirable activities to be struck off
Remarks
Adaptation amendments retroactively made - see 23 of 1999 s. 3
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(1) If the Chief Executive in Council is satisfied that a company formed and registered under this Ordinance or any former Companies Ordinance would, if it were a society in respect of which the Societies Ordinance (Cap 151) applied, be liable to have its registration or exemption from registration cancelled under section 5D or its operation or continued operation prohibited by the Secretary for Security under section 8 of that Ordinance, the Chief Executive in Council may order the Registrar of Companies to strike such company off the register of companies. (Amended 75 of 1992 s. 34; 118 of 1997 s. 19; 23 of 1999 s. 3)
(2) The Registrar shall thereupon strike the name of the company off the register, and shall publish notice thereof in the Gazette, and on such publication the company shall be dissolved:
Provided that the liability, if any, of every director, officer and member of the company shall continue and may be enforced as if the company had not been dissolved.
(3) A copy of such notice shall be sent to such company, and may either be sent by post or be delivered by hand addressed to the company at its registered office, or if no office has been registered, addressed to the care of some director or officer of the company, or if there is no director or officer of the company whose name and address are known to the Registrar, the notice may be sent or delivered to each of the persons who subscribed the memorandum of association, addressed to him at the address mentioned in that memorandum, but if none of such addresses is available or if for any other reason the Registrar considers it unlikely that any notice sent in pursuance of this subsection will come to the knowledge of the addressee, it shall be sufficient compliance with this subsection that notice in the Gazette shall have been published in accordance with subsection (2).
(Part XIIIA added 6 of 1984 s. 251)