Not known Factual Statements About company secretary hong kong company ordinance
Area: 354 Notification of area in which sign up of fees is kept L.N. 163 of 2013 03/03/2014 (one) A company or registered non-Hong Kong company should notify the Registrar with the spot at which the register of rates is saved. The notice needs to be in the specified kind and sent to the Registrar for registration in just fifteen days after the sign up is to start with stored at that location. (2) A company or registered non-Hong Kong company have to notify the Registrar of any change (other than a change of the tackle from the company’s registered office or registered non-Hong Kong company’s principal location of business in Hong Kong) within the area at which the sign-up of prices is retained. The notice needs to be in the required variety and shipped to the Registrar for registration in just 15 times once the change. (3) Subsection (1) would not need a company or registered non-Hong Kong company to inform the Registrar of your place at which the sign-up of charges is retained— (a) if, in the case of a sign up that came into existence on or once the commencement date* of this section, it's got at all times been held at— (i) the company’s registered office; or (ii) the registered non-Hong Kong company’s principal location of company in Hong Kong; or (b) if— (i) promptly right before that commencement day*, the company or registered non-Hong Kong company retained a sign up for that uses of portion 89 with the predecessor Ordinance; and (ii) on and after that commencement date*, that sign up is kept for a sign up of charges for that functions of section 352(one) or 353(1) at the position at which it was stored promptly right before that commencement
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(3) Irrespective of subsection (two)— (a) a specified company may possibly enter into the transaction with just the prescribed acceptance of its users If your Keeping company is incorporated outdoors Hong Kong; and (b) a specified company may perhaps enter in the transaction with only the prescribed acceptance on the Keeping company’s users if it is a completely owned subsidiary of your holding company, along with the Keeping company is incorporated in Hong Kong.
(4) If a registered non-Hong Kong company contravenes subsection (one), the company, every single liable particular person on the company, and every agent in the company who authorizes or permits the contravention, dedicate an offence, and every is liable to your fantastic at level 3 and, in the case of the continuing offence, to an extra good of $300 for each day all through which the offence continues. Portion: 795 Licensed representative of registered non-Hong Kong company have to notify Registrar of dissolution
(2) For the objective of applying this Ordinance to a company talked about in subsection (one), a reference in this Ordinance to the date of registration is to be go through because the day on which the company was registered underneath the previous Companies Ordinance.
Segment 64A on the predecessor Ordinance, as in power right away prior to its repeal, continues to apply to an attachment of legal rights to a category of shares ahead of the commencement day* of segment 184. 31. Variation of class rights: providers without having a share capital
L.N. 163 of 2013 03/03/2014 (1) With no prescribed acceptance of its associates, a company will have to not make a payment for loss of Place of work to your director or former director on the company. (2) Without the prescribed acceptance of its associates and also the prescribed approval of the holding company’s users, a company should not come up with a payment for loss of Business to your director or former director of a holding company with the company. (three) In spite of subsection (2)— (a) a company might enter in to the transaction with only the prescribed acceptance of its users if the Keeping company is incorporated outdoors Hong Kong; and (b) a company may enter into the transaction with only the prescribed acceptance from the Keeping company’s associates if it is a completely owned subsidiary from the holding company, and also the Keeping company is incorporated in Hong Kong.
Portion forty six with the predecessor Ordinance, as in drive immediately right before its repeal, continues to use in relation to an agreement built in accordance with that portion before the commencement date* of area 148 for the company to pay for commission to somebody in thought of the individual subscribing or agreeing to subscribe for shares while in the company or procuring or agreeing to obtain subscriptions. 22. Registration of transfer or refusal of registration
Cap 622 - Businesses Ordinance 189 (b) provide a promise or offer safety in reference to a quasi-bank loan made by any person to this type of director. (three) Despite subsection (2)— (a) a specified company may possibly enter into the transaction with only the prescribed acceptance of its associates In the event the holding company is incorporated outside Hong Kong; and (b) a specified company may well enter in to the transaction with only the prescribed approval on the Keeping company’s users whether it is a completely owned subsidiary from the Keeping company, and also the Keeping company is incorporated in Hong Kong. Area: 502 Specified company should not make financial loan or quasi-mortgage and so forth. to linked entity
(4) Within this part— specified incumbent(指明在任人) suggests— (a) the person who is the last auditor from the company and whose phrase of office as auditor has expired; or (b) the individual whose time period of Workplace as auditor will expire— (i) at the end of the final Assembly; or (ii) at the conclusion of the appointment period of time in relation to your monetary yr anxious. Section: 401 Copies of penned resolution for appointment need to be despatched to new and old auditors
(three) A letter needs to be tackled— (a) to an authorized agent of the registered non-Hong Kong company whose expected facts are proven in the Companies Sign-up; or (b) if no necessary details of licensed representatives of the company are demonstrated in the Companies Sign-up, to anyplace of company recognized via the company in Hong Kong. (4) The Registrar is just not needed to mail a letter to the registered non-Hong Kong company under subsection (2)(a) Should the Registrar is in the viewpoint that the letter is unlikely to generally be acquired because of the company. Segment: 798 Registrar may possibly strike off registered non-Hong Kong company’s identify
(8) Subsection (six) won't render faulty any authorized proceedings by or from the registered non-Hong Kong company. If you will discover any legal proceedings That may have already been commenced or ongoing by or from that company by the corporate title or perhaps the aged authorized name, those proceedings could be commenced or ongoing by or against it by the new authorized title in relation to the corporate identify. Section: Division: sixteen 5 Licensed Representatives of Registered Non-Hong Kong Businesses
(seven) company formation agents If a system corporate is a member of the holding company of the human body corporate, subsection (one) isn't going to reduce the human body corporate from accepting or Keeping further more shares while in the Keeping company if People shares are allotted to the body corporate as absolutely paid up to be a consequence of the capitalization of reserves or profits through the holding company. (8) If a company helps make a proposal of shares to its users, the company— (a) may perhaps sell, on behalf of any of its subsidiaries, any such shares the subsidiary could, but for this part, have taken by advantage of shares during the company that happen to be previously held by the subsidiary; and (b) may well shell out for the subsidiary the proceeds with the sale. (9) Despite the fact that a system corporate is usually a member of the Keeping company of the body corporate, it's got no ideal to vote at — (a) meetings from the Keeping company; or (b) conferences of any course of associates of the holding company. (ten) Subsection (9) doesn't apply if the body corporate is such a member while in the situation described in subsection (2). (11) In this portion, a reference to the physique corporate features a nominee for the human body corporate. (twelve) With this area, a reference to shares, in relation to a holding company that is a company limited by guarantee or a vast company, involves the fascination in the company’s users, Regardless of the sort of the desire and whether the company contains a share cash. Section: 114 Notifying Registrar of rise in amount of users of company restricted by assurance
Your company secretary is liable for ensuring all statutory returns are filed by the due date and precisely. Some of the most common returns consist of: