Calendar 2005–06

462 Part 7 • University Ordinance and Regulations Ordinance, were members of the Board of Governors of New Asia College shall, on the commencement of this Ordinance, become members of the Board of Trustees of that College incorporated under paragraph 2(3). (4) Any person who is at the commencement of this Ordinance, or who becomes, a member of a Board of Trustees may retire as a member of that Board of Trustees, but no person shall retire so as to reduce the number of members of the Board of Trustees below 4. (5) Vacancies in the number of members of a Board of Trustees shall from time to time be filled by such legal means as would have been available for the appointment of new trustees if the Board of Trustees had not been incorporated, and, without prejudice to the generality of the foregoing, section 42 of the Trustee Ordinance shall apply in relation to the appointment of new Trustees. 5. (1) Each Board of Trustees shall forward to the Registrar of Companies — ( a ) notice of the address of the principal office of the Board of Trustees and any change thereof; ( b ) a list of the names and addresses of the members of the Board of Trustees, and any change therein, certified as correct by the Chairman; and ( c ) a copy of the written provision made under paragraph 3(4), and any change therein, certified as correct by the Chairman. (2) Notification in accordance with subparagraph (1)( a )and ( b ) shall be made — ( a ) within 3 months of the commencement of this Ordinance; and ( b ) thereafter within 28 days of any change. (3) Notification under subparagraph (1)( c ) shall be made within 28 days after the making of any written provision under paragraph 3(4) or the making of any change therein. (4) Any person may inspect at the office of the Registrar of Companies any of the documents registered under this paragaph. (5) A fee of $5 shall be payable for registering or inspecting any document referred to in this paragraph. 6. Each Board of Trustees shall in each year, prepare and produce to the Council its audited accounts in such form and at such times as the Council may determine. 7. On the commencement of this Ordinance — ( a ) all movable property held on trust by or for each College and all immovable property held by or on behalf of the Colleges outside the precincts of the University shall vest in the Board of Trustees of the College concerned without further assurance and on the same trusts and subject to the same terms and conditions, if any, on which the same was then held; ( b ) the Board of Trustees of each College shall succeed to all rights, privileges, obligations and liabilities of the Colleges relating to the property vested in the Board of Trustees under subparagraph ( a ). Accounts. Transitional provisions. (Cap. 29.) Registration with Registrar of Companies.