The Object of the Bill is to reintroduce provisions disqualifying certain persons from being directors of a company. The Bill also provides for a simple and expeditious manner in which penalties fixed by the Registrar of Partnerships for failure to abide by the provisions of the Commercial Partnerships Ordinance may be collected. The Bill also provides for an exemption from the provisions of section 145 of the Commercial Partnerships Ordinance those companies whose objects are limited to shipping.