THE BASIC PRINCIPLES OF COMPANY SECRETARY HONG KONG COMPANY ORDINANCE

The Basic Principles Of company secretary hong kong company ordinance

The Basic Principles Of company secretary hong kong company ordinance

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This can help you save money on Business expenses, help you sign-up your company a lot quicker, and give you the services of a competent company secretary. Using a corporate firm, you're going to get professionals in secretarial services.

L.N. 163 of 2013 03/03/2014 (one) The Registrar ought to make the businesses Sign-up readily available for public inspection whatsoever affordable instances so as to permit any member of the general public— (a) to ascertain if the member of the general public is coping with— (i) a company to which this subsection applies, or its directors or other officers, in issues of or linked with any act of the company; (ii) a director or other officers of such a company in issues of or connected with the administration from the company, or of its residence; (iii) someone against whom a disqualification order is produced by a courtroom;

Cap 622 - Firms Ordinance 210 (a) a resolution getting rid of an auditor before the conclusion with the auditor’s term of Business; or (b) a resolution eliminating a director ahead of the finish from the director’s expression of Business office.

(1) An application may very well be produced beneath portion 163 for the new share certification whether the original certificate was missing just before, on or once the commencement date* of that part, Unless of course an application for any new certificate had presently been built below area 71A in the predecessor Ordinance ahead of that commencement date*.

(six) Where by the offence isn't an offence constituted by a failure to try and do an act or thing— (a) no proceedings is going to be instituted in opposition to the person in regard of that offence if, inside the period specified in a recognize under subsection (1) or that time period as prolonged below subsection (three), the individual pays into the Registrar the amount laid out in the observe; or (b) proceedings could be instituted against the person in regard of that offence if, in the period of time specified in a notice underneath subsection (one) or that period of time as extended below subsection (3), the person hasn't paid to the Registrar the quantity laid out in the see. (seven) The payment of the total laid out in a notice presented to anyone beneath subsection (1) is not to be viewed as an admission by the individual of any legal responsibility for your offence alleged within the discover to are actually committed by the individual.

Notice— Paragraph (b) of your proviso to segment 57 of the predecessor Ordinance demands the sanction with the court to be acquired ahead of the payment is created. 34. Reduction from share funds requirements

Cap 622 - Firms Ordinance ninety four (Cap 32) (arrangement, when binding on creditors). Section: 278 Principal reason exception L.N. 163 of 2013 03/03/2014 This Division would not prohibit a company from providing economical guidance for the objective of the acquisition of a share in the company or its holding company or for the goal of lowering or discharging a legal responsibility incurred for these an acquisition if— (a) both— (i) the company’s principal objective in giving the aid is not to present it for the goal of the acquisition of a share within the company or its Keeping company or for the goal of decreasing or discharging a legal responsibility incurred for these kinds of an acquisition; or (ii) the offering of your assistance for the goal of the acquisition of the share while in the company or its Keeping company or for the objective of minimizing or discharging a legal responsibility incurred for this kind of an acquisition is simply an incidental part of some greater objective in the company; and (b) the help is given in good religion inside the interests of your company. Part: 279 Exception for funds lending companies L.N. 163 of 2013 03/03/2014 Subject to section 282, this Division does not prohibit the lending of cash by a company while in the normal course of business When the lending of cash is an element of the ordinary enterprise from the company. Area: 280 Exception for personnel share strategies L.N. 163 of 2013 03/03/2014 (1) Subject to part 282, this Division does not prohibit— (a) the supplying by a company, in very good faith during the interests of your company, of economic help for that functions of an personnel share scheme; or (b) the supplying of financial guidance by a company to the uses of, or in connection with, something finished via the company or A different company in the exact same group of providers with the needs of enabling or facilitating transactions in shares inside the company or its holding company among, and involving the acquisition of valuable possession of Those people shares by— (i) folks utilized or formerly employed in excellent faith by that company or another company in a similar group of companies; or (ii) spouses, widows, widowers, or minimal young children of persons referred to in subparagraph (i).

(two) With no prescribed acceptance of its associates as well as the prescribed acceptance of your Keeping company’s customers, a specified company need to not— (a) create a quasi-loan to the director of the Keeping company from the company; or

It is the purpose of the company secretary to make certain companies adjust to their legal obligations. A lot more specifically, a company secretary should really help to maintain a company’s statutory records and registers and keep on to update them as needed.

To navigate the complexities of registration, quite a few business people enlist Experienced services which will help with:

(three) A remaining report has to be shipped to the Fiscal Secretary inside the time directed by the Fiscal Secretary or, from the absence of directions, within an affordable time immediately after it is ready. (four) An inspector have to, inside an inexpensive time following the supply of the final report to the Money Secretary, produce for the Registrar for registration a see of that truth in the required form. Part: 857 Interim report or remaining report may possibly address affairs of related system corporate

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We deal with the changeover process from your old company secretary to us. It is effective and problem-cost-free: formation company login we Assemble your paperwork and have their resignation signal-off.

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