A Review Of company secretary hong kong qualification

A Review Of company secretary hong kong qualification

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The sole director of A non-public company cannot even be the company secretary (i.e. one of several company’s administrators could be the company secretary only when there is more than one director set up);

(three) If a restricted company contravenes subsection (one), the company, and each accountable person of your company, commit an offence, and each is liable to a good at degree four and, in the situation of the continuing offence, to an extra high-quality of $seven-hundred for every single day in the course of which the offence proceeds. (4) If a confined company fails to provide a return that complies with subsection (two) in a person month just after an allotment of shares, the Court could, on software with the company or even a liable human being with the company, lengthen the period of time for shipping and delivery of your return by a time period determined by the Courtroom. (5) The Court could extend a time period underneath subsection (4) only if it is content— (a) that failure to provide the return was accidental or resulting from inadvertence; or (b) that it is just and equitable to increase the interval. (six) In case the Courtroom extends the period of time for delivery of the return, any legal responsibility already incurred via the company or a liable person of your company for an offence under subsection (3) is extinguished and subsection (one) has effect as In the event the reference to at least one thirty day period were a reference to your prolonged period of time.

(7) A see of intent ceases to obtain impact if the person who gave the notice— (a) is no longer a member in the company; or (b) revokes the observe by giving the company a written notice of revocation. (8) If a member or possible member does not give the company a notice of intent in response to the notification prior to the very first date on which a duplicate from the reporting paperwork for that economic yr is sent to your member below section 430, the member or potential member would be to be considered to be— (a) possessing requested a replica of the summary fiscal report for that monetary calendar year and every subsequent financial calendar year; and (b) possessing asked for the summary fiscal report back to be despatched from the company in really hard copy sort. (nine) Subsection (eight) ceases to own impact in relation to someone if— (a) the person is now not a member of your company; or (b) the individual gives the company a published see of cessation of statutory election.

L.N. 163 of 2013 03/03/2014 (1) If a registered non-Hong Kong company is served that has a notice underneath segment 780(1) for any corporate title or for an authorised name in relation to your corporate title, the company may perhaps utilize, in crafting, on the Registrar for approval of Yet another identify, in relation to your corporate name, beneath which the company is to hold on enterprise in Hong Kong. (2) An application has to be sent to the Registrar. (3) On acquiring an application for acceptance of a reputation, the Registrar have to approve the name Unless of course glad the name— (a) is similar to or is too like— (i) a reputation that seems, or ought to have appeared, inside the Index of Company Names; or (ii) the name of the entire body corporate incorporated or recognized beneath an Ordinance; or (b) provides so deceptive an indication of the nature on the registered non-Hong Kong company’s pursuits in Hong Kong as to be more likely to bring about hurt to the public.

Outstanding Infrastructure: The town boasts reducing-edge telecommunications and also a highly productive transportation community, seamlessly supporting numerous company actions.

(2) Nonetheless, the place the arrangement will involve a common offer you in the this means of section 707 or possibly a takeover offer — (a) the users agree to the arrangement if— (i) at a meeting on the customers summoned less than segment 670, users symbolizing at the very least 75% of the voting legal rights in the members existing and voting, in man or woman or by proxy, comply with the arrangement; and (ii) the votes Forged in opposition to the arrangement within the Assembly don't exceed ten% of the total voting rights connected to all disinterested shares inside the company; (b) a class of members agrees towards the arrangement if— (i) at a gathering of The category of users summoned underneath portion 670, customers symbolizing no less than seventy five% in the voting rights of the class of associates present and company formation with bank account voting, in man or woman or by proxy, conform to the

You have to provide the Posts of Association and incorporation variety for that registry of companies. 

(one) This portion applies if, at the conclusion of a fiscal year, a company could be the subsidiary of another enterprise. (2) The company’s financial statements for the economic yr should contain, during the notes into the statements— (a) the title of your undertaking regarded by the administrators as currently being the company’s top guardian endeavor; and (b) the subsequent information and facts relating to that endeavor as regarded to the administrators— (i) if that enterprise is actually a overall body corporate, the place by which it's incorporated; (ii) if that endeavor isn't a entire body corporate, the tackle of its principal put of organization. four. Compliance with applicable accounting standards

(2) Approval can be given for a certain physical exercise of the ability or for its exercise typically, and should be unconditional or issue to conditions.

With this Division— continuing provision (續用條文) signifies a provision on the predecessor Ordinance which has a continuing effect beneath this Schedule. 36. References to total paid on shares issued prior to commencement day* of segment a hundred thirty five

(three) An officer or worker of the physique corporate on which a need is imposed below part 873 commits an offence When the officer or personnel, with intent to defraud, causes or permits your body corporate to are unsuccessful to comply with the prerequisite.

Area: 292 Certain total for being considered recognized income or loss L.N. 163 of 2013 03/03/2014 (1) For your functions of the Element, a provision other than an quantity laid out in subsection (2) should be to be viewed as a understood loss. (2) The quantity is just one composed off or retained Through offering for just a diminution in value of a fixed asset showing with a revaluation of— (a) each of the company’s fastened belongings; or (b) each of the company’s fastened belongings other than goodwill. (3) For that purposes of subsection (2), any consideration by the directors of the value at a specific time of a set asset is to be regarded as a revaluation on the asset if— (a) in the case of a stated company, the problems laid out in subsection (four)(a) and (b) are satisfied; or (b) in the case of almost every other company— (i) in which the referential economical statements will be the fiscal statements laid out in section 304, the ailments laid out in subsection (four)(a) and (b) are satisfied; or (ii) in which the referential monetary statements would be the financial statements specified in segment 305 or 306, the problem specified in subsection (4)(a) is contented. (4) The problems are— (a) that the administrators are contented which the combination price at that time from the company’s set assets is not really less than the combination sum at which They're In the interim mentioned while in the economic statements; and (b) that it is mentioned in the Notice to the referential financial statements that— (i) the administrators have regarded the value of the company’s preset property with no basically revaluing them; (ii) the administrators are content that the mixture benefit at time of thing to consider of Those people property is or was not below the combination volume at which They may be or were being In the meanwhile mentioned during the economic statements; and (iii) appropriately, by virtue of this subsection, amounts are mentioned while in the referential economic statements on

(1) Part fifty seven from the predecessor Ordinance, as in power quickly ahead of its repeal, carries on to apply on the payment of curiosity by a company In the event the Specific resolution beneath paragraph (a) on the proviso to that area authorizing the payment was passed before the repeal, regardless of in the event the sanction of your courtroom for your payment is acquired. (two) Devoid of limiting subsection (1), the company might demand curiosity to cash in accordance with portion fifty seven of your predecessor Ordinance if— (a) curiosity was paid by a company in accordance with that part ahead of its repeal, but not charged to money; or (b) interest is paid out by a company after the repeal in accordance which has a Distinctive resolution handed beneath paragraph (a) in the proviso to that segment ahead of the repeal, irrespective of when the sanction on the court with the payment is acquired.

(three) Neither subsection (1) nor subsection (two) operates to deal with A personal offer you of shares or debentures, or a private invitation to subscribe for shares or debentures, as a suggestion or invitation created to the general public. (4) Especially— (a) a provision within a company’s content prohibiting invitations to the general public to subscribe for shares or debentures is not to be viewed as prohibiting A personal invitation to subscribe for shares or debentures to get made to customers or debenture holders; and (b) the provisions of the Ordinance referring to personal companies are to get construed appropriately. (five) On this area, a suggestion of shares or debentures, or an invite to subscribe for shares or debentures, is a private