Cap. 168 Art. 76Where certificate of registration is not issued.

All persons carrying on business in the name of a company in respect of which a certificate of registration has not been issued under this Ordinance or before the date indicated in a certificate of registration as the date on which a company shall come into existence shall be personally and jointly and severally liable for their dealings with third parties acting in good faith and shall have, as against one another and limitedly to property acquired from such business, such rights only as are by law conferred on joint owners.