5 Simple Techniques For company secretary hong kong company ordinance
L.N. 163 of 2013 03/03/2014 (one) If an individual is buying or proposing to obtain shares inside of a company, the company or any of its subsidiaries will have to not give economical aid directly or indirectly for the purpose of the acquisition in advance of or concurrently given that the acquisition will take put, other than as provided by this Division. (2) If— (a) a person has obtained shares inside of a company; and (b) any person has incurred a legal responsibility for the objective of the acquisition, the company or any of its subsidiaries must not give fiscal assistance specifically or indirectly for the purpose of minimizing or discharging the legal responsibility, besides as provided by this Division.
L.N. 163 of 2013 03/03/2014 (1) The Courtroom may perhaps, on software by any person, by order direct the Registrar to rectify any info on the businesses Sign up or to remove any info from it In the event the Court docket is pleased that— (a) the knowledge derives from anything that— (i) is invalid or ineffective; or (ii) has been done with no company’s authority; or (b) the information— (i) is factually inaccurate; or (ii) derives from anything that is certainly factually inaccurate or solid. (two) If, in relation to an software for that purposes of subsection (1), a doc showing the rectification is filed While using the Court, the Courtroom could require the Registrar to rectify the information by registering the document. (3) This part does not use Should the Courtroom is particularly empowered beneath some other Ordinance or some other provision of the Ordinance to cope with the rectification of the knowledge on or perhaps the removal of the data from the businesses Sign up.
Look after tax reports, trying to keep of statutory textbooks, Conference preparations and linked corporate changes to suitable authorities
Cap 622 - Companies Ordinance ninety three (b) a reference to some company supplying fiscal aid for the objective of decreasing or discharging a liability incurred by anyone for the purpose of the acquisition of shares includes the company providing financial aid for the objective of wholly or partly restoring the person’s economical position to what it was before the acquisition occurred.
(2) For the purpose of making use of this Ordinance to a company stated in subsection (one), a reference On this Ordinance into the date of registration would be to be read through given that the date on which the company was registered under the former Organizations Ordinance.
Remarks: Not nevertheless in Procedure (1) In the event the Registrar is to create a shielded deal with available for general public inspection under part 55(1), he or she have to carry on as if— (a) a see were shipped to the Registrar for registration less than segment 645(4) stating that the correspondence address on the director is changed on the guarded deal with; or (b) a return had been delivered to the Registrar for registration beneath part 791 stating the correspondence tackle of the director is changed for the shielded tackle. (two) The Registrar need to give published detect of getting completed so— (a) on the director; and (b) to your company. (3) A created see will have to also condition the choice day in relation into the safeguarded address. (four) A created notice beneath subsection (two)(a) need to be sent to the director— (a) at the safeguarded deal with; or (b) if it seems for the Registrar that service at the guarded address may not be efficient to provide it to your recognize in the director, at the relevant correspondence deal with of the director. (five) On receipt of the published notice, the company should enter the secured handle in its sign-up of administrators as being the correspondence address on the director. (six) If, in 5 years after the decision day for any guarded tackle, the director notifies the company of One more address as her or his typical residential handle— (a) the company must enter that other deal with in its register of directors as the usual residential deal with and the correspondence handle of the director; and (b) the company will have to move forward While using the notice or return under segment 645(four) or 791 as if the correspondence handle from the director was also changed to that other address.
L.N. 163 of 2013 03/03/2014 (1) If a meeting is summoned less than area 670— (a) every observe summoning the Assembly that may be sent to the creditor or member have to be accompanied by an explanatory statement complying with subsections (three) and (four); and (b) each individual observe summoning the meeting that is certainly offered by ad— (i) ought to include an explanatory statement complying with subsections (three) and (4); or (ii) have to condition where by And the way a creditor or member entitled to show up at the Assembly could attain a duplicate with the explanatory statement. (2) If a observe offered by advertisement states that a creditor or member entitled to attend the meeting may possibly obtain a duplicate of the explanatory assertion, the company will have to give a duplicate of your statement, gratis, into a creditor or member making use of within the manner laid out in the discover. (three) An explanatory assertion— (a) must make clear the impact with the arrangement or compromise; and (b) need to condition— (i) any material passions of the company’s directors, whether or not as administrators or as associates or as creditors from the company or normally, beneath the arrangement or compromise; and (ii) the impact of your arrangement or compromise on Those people pursuits, in so far as the influence is different within the impact on the like interests of other folks.
Managing administrative mails (if you employ their Registered Business office – Notice it is recommended to take action as your Company Secretary will often update you and inform you how to proceed with this sort of mails).
(two) Any volume that might be essential by a continuing provision being transferred to some company’s share top quality account or funds redemption reserve on or after the commencement day* of area 135 becomes Section of the company’s share capital. 38. Usage of volume standing to credit of share premium account
We will deliver info on Hong Kong tax prices and local allowances, so you can do organization in Hong Kong while remaining tax-compliant.
The varied routine maintenance issues a company secretary handles usually are not challenging. Nonetheless, there are many deadlines and details to consider when making ready documentation for submitting and when generating updates to company information.
(3) For the needs of the Plan— (a) a right held by an individual inside of a fiduciary capability is always to be thought to be not staying held by the person; and (b) a right held by an individual as nominee for one more is usually to be considered to be being held by that other. (four) With the functions of this Timetable, a proper is usually to be regarded as becoming held by somebody as nominee for an additional whether it is exercisable only on the Directions, or with the consent, of that other. (5) For your reasons of this Routine, a correct hooked up to shares held Through protection will be to be viewed as being held by the person furnishing the security— (a) if, except wherever the proper is exercised for the goal of preserving the worth of the safety or of
Cap 622 - Companies Ordinance 379 (b) formation company go on to use, by advantage of segment ninety one with the predecessor Ordinance as so in pressure, in relation to some ask for gained by a non-Hong Kong company registered beneath Element XI of your predecessor Ordinance right before that commencement date* for inspecting a sign up of fees or copies of instruments developing a cost. Section nine
Area 351B with the predecessor Ordinance, as in power quickly in advance of its repeal, carries on to apply in relation to an software made before the commencement day* of section 897 for your reasons of that section.