HONG KONG COMPANY SECRETARY REQUIREMENTS - AN OVERVIEW

hong kong company secretary requirements - An Overview

hong kong company secretary requirements - An Overview

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(three) The Registrar must enter The brand new identify in the businesses Sign up rather than the previous title. (4) The change of name has outcome from the date on which the new title is entered in the businesses Sign-up. (five) In thirty days once the day of moving into the new identify in the businesses Sign up, the Registrar— (a) have to by recognize in creating notify the company of— (i) The point that a reputation of your company has actually been changed; (ii) The brand new identify; and (iii) the date on which the change takes result less than subsection (4); and (b) need to by discover within the Gazette notify that simple fact, The brand new identify Which date. (6) A change of identify below this part will not impact any rights or obligations on the company or render faulty any lawful proceedings by or versus it. Any lawful proceedings that could have been commenced or continued by or versus it by its previous name may very well be commenced or ongoing by or versus it by its new name.

L.N. 163 of 2013 03/03/2014 (1) The Courtroom may well, on software by any person, by get immediate the Registrar to rectify any information on the Companies Sign up or to eliminate any details from it In the event the Court is satisfied that— (a) the data derives from anything at all that— (i) is invalid or ineffective; or (ii) continues to be performed without the company’s authority; or (b) the data— (i) is factually inaccurate; or (ii) derives from anything at all that is factually inaccurate or cast. (two) If, in relation to an software for the reasons of subsection (one), a document displaying the rectification is submitted With all the Courtroom, the Court docket may involve the Registrar to rectify the data by registering the doc. (3) This section won't utilize if the Courtroom is exclusively empowered under every other Ordinance or almost every other provision of the Ordinance to deal with the rectification of the data on or even the removing of the knowledge from the businesses Sign-up.

Part 154(1AA) of the predecessor Ordinance, as in drive straight away ahead of its repeal, applies in relation to your company fashioned and registered underneath a provision from the predecessor Ordinance getting a continuing impact below this Program or by virtue of segment 23 of the Interpretation and Typical Clauses Ordinance (Cap one). ninety four. Data of meetings of directors

Cap 622 - Firms Ordinance 15 (ii) specified by the Registrar in accordance With all the settlement. (2) An settlement which has a company may also supply that any doc, or any class of document, that relates to the company, and is necessary or licensed to be shipped because of the Registrar to it underneath an Ordinance, will probably be shipped by Digital signifies.

(five) When the takeover give supplies the holder of shares is to receive shares in or debentures in the offeror, having an choice to obtain Another thought for being furnished by a third party rather, the offeror may well point out inside the notice which the terms in the takeover offer you involve the choice. (six) In case the offeror will not suggest inside the detect which the terms with the takeover offer you include things like the option, the offeror could offer you within the notice a corresponding choice to get some other thing to consider to be provided by the offeror. (7) For that uses of subsection (5), thing to consider is always to be considered to be staying supplied by a third party if it is manufactured available to the offeror on phrases that it's to be used by the offeror as consideration for that takeover offer you. Portion: 695 Offeror’s ideal to purchase out minority shareholders L.N. 163 of 2013 03/03/2014 (1) This segment applies if a recognize is given less than area 693 to your holder of any shares. (two) Except the Courtroom helps make an buy below subsection (3), the offeror is entitled and certain to accumulate the shares to the conditions of the takeover supply. (3) The Court docket may possibly, on application through the holder built within just two months once the date on which the discover was supplied, get that— (a) the offeror is just not entitled and sure to accumulate the shares; or (b) the offeror is entitled and sure to amass the shares over the conditions laid out in the buy. (four) To the uses of subsection (2)— (a) When the takeover provide falls in just area 694(4), the terms of the takeover give are to be considered to be including the particulars and statements A part of the see with the functions of that section; (b) In case the takeover supply falls within just segment 694(5), the phrases on the takeover present are to be viewed as not such as the choice Until the offeror suggests otherwise inside the recognize; and

The company secretary is a company agent who'll report back to the Companies Registry any change in the framework of the company and its key personnel data (i.e. its directors and shareholders).

(two) Without the prescribed approval in the company’s customers as well as the prescribed acceptance from the subsidiary’s members, somebody should not come up with a payment for loss of Workplace to the director or best llc formation company former director of the company in connection with a transfer of The full or any Component of the undertaking or assets of the subsidiary of your company.

Portion: 335 Company ought to register specified cost designed by it L.N. 163 of 2013 03/03/2014 (1) A company have to produce a press release of your particulars of every specified charge made by the company, together with a certified duplicate from the instrument (if any) producing or evidencing the cost, towards the Registrar for registration inside the registration interval laid out in subsection (5)(a). (two) Wherever— (a) a specified demand established by a company— (i) is specified inside of a debenture forming A part of a collection by reference to another instrument made up of the demand (whether or not also contained within the debenture); or (ii) is contained inside of a debenture forming Element of a series (although not presented inside the debenture by reference to any other instrument); and (b) each individual holder from the debentures of your collection is entitled equally to the benefit of the charge, the company is always to be considered to be having complied with subsection (one) in relation to the required demand In the event the

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designate a minimum of 1 particular person as its representative to supply support regarding the company's Substantial Controllers Sign up to some legislation enforcement officer.

(three) An officer or employee of a entire body corporate on which a requirement is imposed under portion 873 commits an offence Should the officer or personnel, with intent to defraud, results in or allows the body corporate to fail to comply with the need.

Partnership: With this organization, two or more people get the job done alongside one another they usually share their revenue , losses and tackle all of the tasks.

Portion 69 of the predecessor Ordinance (as far as it pertains to a transfer of shares), as in pressure instantly in advance of its repeal, continues to apply to your transfer lodged ahead of the commencement day* of area 151. 23. Challenge of share certificate on transfer

(one) The removing by an existing company from its register of company secretaries on or once the commencement date* of area 650 of particulars needed because of the predecessor Ordinance although not necessary by this Ordinance doesn't give rise to any duty to deliver a observe on the Registrar beneath segment 652.

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