COMPANIES ACT, 1929

715

under the Joint Stock Companies Acts, extend to altering any regula-
tions relating to the amount of capital or to its distribution into
shares, notwithstanding that those regulations are contained in
the memorandum.
320. Nothing in this Part of this Act shall apply to companies
registered in the Irish Free State or Northern Ireland.

Exclusion of
companies regis
tered in Irish
Free State or
Northern
[reland.
Part IL...
COMPANIES NOT FORMED UNDER THIS ACT AUTHORISED TC
REGISTER UNDER THIS ACT.
321.—(1) With the exceptions and subject to the provisions
contained in this section,—
any company consisting of seven or more members, which
was in existence on the second day of November, eighteen
hundred and sixty-two, including any company registered
under the Joint Stock Companies Acts; and
any company formed after the date aforesaid, whether
before or after the commencement of this Act, in pursuance
of any Act of Parliament other than this Act, or of letters
patent, or being a company within the stannaries, or
being otherwise duly constituted according to law, and
consisting of seven or more members;
may at any time register under this Act as an unlimited company,
or as a company limited by shares, or as a company limited by
guarantee; and the registration shall not be invalid by reason
that it has taken place with a view to the company being wound up:
Provided that—

(i) A company registered in any part of the United Kingdom
under the Companies Act, 1862, or the Companies (Con-
solidation) Act, 190%. shall not register in pursuance of
this section:

A company having the liability of its members limited by
Act of Parliament or letters patent, and not being a
joint stock company as hereinafter defined, shall not
register in pursuance of this section:

A company having the liability of its members limited by
Act of Parliament or letters patent shall not register in
pursuance of this section as an unlimited company or as a
company limited by guarantee:

A company that is not a joint stock company as hereinafter
defined shall not register in pursuance of this section as a
company limited by shares:

A company shall not register in pursuance of this section
without the assent of a majority of such of its members
as are present in person or by proxy (in cases where
proxies are allowed by the regulations of the company)
at a general meeting summoned for the purpose:

Companies
capable of being
registered.