COMPANIES ACT, 1929

71q
(d)

Subject to the provisions of this section the company shall
not have power, without the sanction of the Board of
Trade, to alter any provision contained in any letters patent
relating to the company;

The company shall not have power to alter any provision
contained in a royal charter or letters patent with respect
to the objects of the company;

In the event of the company being wound up, every person
shall be a contributory, in respect of the debts and liabilities
of the company contracted before registration, who is
liable to pay or contribute to the payment of any debt or
liability of the company contracted before registration, or
to pay or contribute to the payment of any sum for the
adjustment of the rights of the members among themselves
in respect of any such debt or liability, or to pay or con-
tribute to the payment of the costs and expenses of winding
up the company, so far as relates to such debts or liabilities
as aforesaid:

(e)

(P

In the event of the company being wound up, every con-
tributory shall be liable to contribute to the assets of the
company, in the course of the winding up, all sums due from
him in respect of any such liability as aforesaid, and, in the
event of the death, bankruptcy, or insolvency, of any
contributory, or marriage of any female contributory, the
provisions of this Act with respect to the personal repre-
sentatives, to the heirs and legatees of heritage of the
heritable estate in Scotland of deceased contributories,
to the trustees of bankrupt or insolvent contributories,
and to the liabilities of husbands and wives respectively,
shall apply.

(4) The provisions of this Act with respect to—

(a) the registration of an unlimited company as limited;

(6) the powers of an unlimited company on registration as a
limited company to increase the nominal amount of its
share capital and to provide that a portion of its share
capital shall not be capable of being called up except in
the event of winding up;
the power of a limited company to determine that a portion
of its share capital shall not be capable of being called ur
except in the event of winding up;

shall apply notwithstanding any provisions contained in any Act
of Parliament, royal charter, or other instrnment constituting or
regulating the company.

(5) Nothing in this section shall authorise the company to
alter any such provisions contained in any instrument constituting
or regulating the company, as would, if the company had originally
been formed under this Act, have been required to be contained in
the memorandum and are not authorised to be altered bv this Act.

fc)