Companies Act Amendment Act 1961 (WA)

1961.j Companies. [No. 10.

COMPANIES.

10° Elizabeth II., No. X.

No. 10 of 1961.

AN ACT to amend the Companies Act, 1943-1960.

[Assented to 10th October, 1961.]

BE it enacted by the Queen's Most ExcellentMajesty, by and with the advice and consent of the Legislative Council and the Legislative Assembly of Western Australia, in this present Parliament assembled, and by the authority of the same, as follows:—

1. (1) This Act may be cited as the Companies	Short title
and citation.

Act Amendment Act, 1961.

(2) In this Act the Companies Act, 1943-1960, is Reprinted in	Vol. 7 of the
Reprinted

referred to as the principal Act.

Acts as

approved for

reprint 16th

December,

(3) The principal Act as amended by this Act a"m54e.ncil by adne c

Acts Nos. 39

may be cited as the Companies Act, 1943-1961. of 1959 and 78 of 1980.

No. 10.] Companies. [1961.

Commence-

ment. 2. This Act shall come into operation on a day

to be fixed by proclamation.

S. 5

amended. 3. Section five of the principal Act is amended

(a)	by adding after the section number, "5", the subsection designation, "(1)";
(b)	by deleting the passage commencing, ", nor" in line five down to and including the word, "banking", being the last word in the section;
(c)	by adding a subsection as follows:

(2) In order to resolve any doubt which, but for the enactment of this sub- section, might arise, it is hereby expressly enacted that

(a)	any company or foreign company that carries on the business of life assurance, either alone or together with any other busi- ness; and
(b)	any company or foreign company formed for the purpose of carry- ing on the business of banking,

in respect of which the Registrar has, prior to the coming into operation of the Companies Act Amendment Act, 1961, executed a certificate of incorporation or a certificate of registration, is duly registered under this Act in accordance with the particulars shown in the certi- ficate of incorporation or registration.

Tenth

Schedule 4. The Tenth Schedule to the principal Act is

amended.

amended by adding after the heading, "C.—Other

Fees." an item as follows:-

22A. For registration under Part XI. of a company that carries on the business of life assurance or the business of banking, whether or not the com-

pany has a share capital . 100 0 0

Items 13, 14 and 22 of this Schedule do not apply to a company referred to in this item.