5160

Prohibition
of partner-
ships with
more than
twenty
members,

Prohibition
of banking
partnerships
with more
than ten
mnetnbers,

Ch. 31. No. 1.| Compante.

(7) In this section, unle. the context otherwise
require. the expression share. means the shares of a
company, whether a company within the meaning of this
Ordinance or not, and includes debentures and units, and
the expression unit means any right or interest) (by
Whatever name called) in a share, and for the purposes of
this section a person shall not in relation to a company
be regarded as not being a member of the public by reason
only that he is a holder of share. in the company or a
purchaser of goods from the company

(8) Where any person is convicted in the Colony of
having made an offer in contravention of the provisions of
this section, the Court before which he is convicted may
order that any contract made as a result of the offer shall
be void, and, where it makes any such order, may give such
consequential directions as it thinks proper for the repay
ment of any money or the retransfer of any share.

Where the Court make. an order under this subsection
(whether with or without consequential directions) an appeal
against the order and the consequential directions, if any,
shall lie to the Full Court.

PART NUIT.

MIsScCELLANEQUS.,

Prohibition of partnershtps with more than twenty
member,

311. No company association, or partnership consisting
of more than twenty persons shall be formed for the purpose
of carrying on any busine. (other than the business of
banking) that has for its object the acquisition of gain bv
the comp: ny, association, or partnership, or by the indiv idual
members thereof, unless it is registered as a company under
this Ordinance, or is formed in pursuance of some other
Ordinance, or of letters patent.

Provistons relating to banks,

312. No company association, or partnership consisting
of more than ten persons shall be formed for the purpose ol