Companies Act (Cap. 386)

Companies Act (Cap. 386), article 339

Official PDF on legislation.mt

339. (1) Upon the amalgamation of two or more commercial partnerships which has become effective either through the laps e of the period referred to in article 341 or where objection is mad e under that article, by a decision of the court, the Registrar s hall strike the name of the commercia l partnership or of each of the commercial partnerships ceasing t o exist off the register and s hall, according to the case, either issu e a new certificate of regist ration for the new commercial partner ship denoting the fact of the formation of the commercial partnership as a result of the amalgamation, or issue a certific ate of registration altered to meet the circumstances of the case and denoting the fact of the COMP ANIES [CAP. 386. 215 amalgamation for the acquiring co mmercial partnership; and wher e an amalgamation which has been registered under this article becomes ineffective by a decision of the court under article 34 1, the Registrar shall amend th e registration accordingly. (2) The Registrar shall, in the cases specified i n sub-article ( 1), in respect of every one of t he amalgamating commercial partnerships, either proceed to publish the amalgamation after it has become effective or to publi sh a notice that the amalgamati on has become ineffective by decisi on of the court under article 3 41, in accordance with the provi sions of article 401(1)( e). Partners with unlimited liability to remain bound unless creditors consent to amalgamation.

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Text read from the consolidated PDF published by Legislation Malta. Tables, figures and marginal notes may be incomplete or out of place: the official PDF is authoritative. General information, not legal, tax or accounting advice.