Not known Facts About company secretary hong kong requirements

Cap 622 - Companies Ordinance 244 variation involving a phrase or terms necessary to be Section of the identify in addition to a permitted abbreviation of that word or People phrases (or vice versa) is usually to be disregarded. Area: 660 Criminal repercussions of failure to make expected disclosures

Cap 622 - Corporations Ordinance 137 Part: 371 Alteration of accounting reference day L.N. 163 of 2013 03/03/2014 (one) The administrators of a company may possibly specify a different accounting reference date in relation to— (a) the company’s present accounting reference period and every subsequent accounting reference period; or (b) the company’s previous accounting reference interval and each subsequent accounting reference time period. (2) If the directors of a public company or maybe a company confined by assurance specify a completely new accounting reference day below subsection (one), the company must, inside of fifteen times once the date of the directors’ resolution specifying The brand new accounting reference day, deliver a see, in the desired kind, of that new date towards the Registrar for registration. (three) A administrators’ resolution by which a completely new accounting reference date is specified, in addition to a observe of that new date shipped to the Registrar, need to condition— (a) regardless of whether the current or former accounting reference period concerned will be to be shortened, to be able to end on the very first event on which The brand new accounting reference day falls or fell following the start of that period of time; or (b) regardless of whether The existing or preceding accounting reference interval concerned will be to be extended, in order to close on the next situation on which The brand new accounting reference day falls or fell after the start of that time period. (4) The directors of a company should not specify a brand new accounting reference day in relation on the earlier accounting reference time period if— (a) the period for laying before the company normally Conference underneath area 429 a copy with the reporting paperwork for the money 12 months based on reference to that accounting reference time period has expired; or (b) the time period for sending a copy on the reporting files to the financial year towards the customers under portion 430(3) has expired.

Segment: 468 Avoidance of provisions shielding director from liability L.N. 163 of 2013 03/03/2014 (one) This segment applies to a provision contained in a company’s content, or inside a agreement entered into by a company, or otherwise. (two) If a provision purports to exempt a director of your company from any legal responsibility that may if not connect to your director in reference to any carelessness, default, breach of responsibility or breach of belief in relation into the company, the provision is void. (3) If, by a provision, the company immediately or indirectly offers an indemnity for your director of your company, or maybe a director of an connected company of your company, from any liability attaching on the director in connection with any carelessness, default, breach of duty or breach of have confidence in in relation for the company or affiliated company (as the situation may be), the provision is void. (four) Subsection (3) does not protect against a company from taking out and keeping in drive insurance policies for a director of the company, or possibly a director of an affiliated company with the company, from— (a) any liability to any person attaching to the director in reference to any negligence, default, breach of duty or breach of rely on (aside from fraud) in relation for the company or associated company (as the situation may very well be); or (b) any liability incurred because of the director in defending any proceedings (whether civil or felony) taken versus the director for just about any carelessness, default, breach of duty or breach of belief (like fraud) in relation to your company or related company (as the situation may be).

Cap 622 - Companies Ordinance 290 (ii) a new Chinese identify that is made of the Chinese people “公司註冊編號” as its prefix, followed by the registration number of the company as mentioned within the certification of incorporation. (3) The Registrar should enter the new title in the Companies Sign-up instead of the former name. (four) The change of name has effect with the date on which The brand new title is entered in the Companies Register. (5) In thirty days following the date of moving into the new identify in the businesses Register, the Registrar— (a) should notify the company in writing of— (i) The truth that the title of your company has become changed; (ii) the new identify; and (iii) the date on which the change takes result under subsection (three); and (b) will have to publish a see of that actuality, the new identify and that date while in the Gazette. (6) A change of identify underneath this area isn't going to impact any rights or obligations on the company or render defective any authorized proceedings by or from it. Any legal proceedings that could have been commenced or continued by or from it by its previous identify may be commenced or ongoing by or from it by its new identify. Section: 773 Impact of restoration on bona vacantia property or appropriate L.N. 163 of 2013 03/03/2014 (one) The federal government could get rid of or in any other case cope with any property or right vested in it less than area 752(one), or an desire during the home or appropriate, in precisely the same manner as it may well dispose of or usually cope with another home or ideal vested in it as bona vacantia, Though the company might be restored to the Companies Register less than this Division or area 290 of the businesses (Winding Up and Miscellaneous Provisions) Ordinance (Cap 32).

Cap 622 - Companies Ordinance 226 (ii) 3 months after the conclusion of that accounting reference time period, whichever could be the later; and (b) in the situation of every other company— (i) six months after the anniversary with the company’s incorporation; or (ii) three months after the stop of that accounting reference period of time, whichever will be the later on. (3) If a company has by a administrators’ resolution less than part 371 or possibly a observe shipped to the Registrar beneath that section, shortened an accounting reference interval, the company need to keep a standard Assembly as its yearly common meeting inside of the next period of time— (a) in the situation of A personal company or possibly a company constrained by warranty— (i) 9 months following the end from the shortened accounting reference period of time; or (ii) 3 months following the day of the administrators’ resolution, whichever will be the later; and (b) in the case of another company— (i) 6 months after the end on the shortened accounting reference interval; or (ii) 3 months after the date of the directors’ resolution, whichever is definitely the later on. (four) A private company talked about in subsections (1), (two) and (three) won't contain A personal company that may be, Anytime over the economical yr, a subsidiary of a general public company. (five) If for just about any purpose the Court docket thinks in shape to do so, it could, on an application built before the finish on the period of time in any other case permitted for holding an yearly basic Conference in regard of the financial calendar year of a company, by order extend that time period by a further time period specified in the buy.

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(1) On this Section, a copy of the instrument in relation into a demand delivered for registration can be a Qualified copy if it is Licensed as a true copy—

(1) This part applies if, at the conclusion of a economic calendar year, a company could be the subsidiary of another endeavor. (two) The company’s money statements for the fiscal 12 months ought to contain, from the notes to the statements— (a) the name in the undertaking regarded by the directors as being the company’s final mum or dad undertaking; and (b) the next information and facts referring to that undertaking as recognized to the directors— (i) if that undertaking is usually a body corporate, the state by which it is actually incorporated; (ii) if that enterprise is not really a body corporate, the address of its principal place of company. four. Compliance with applicable accounting expectations

L.N. 163 of 2013 03/03/2014 (one) The Registrar may provide a detect over a registered non-Hong Kong company if glad best llc formation company that a corporate title or accredited identify with the company— (a) is similar to or is just too like— (i) a reputation that seems, or must have appeared, within the index of names saved underneath area 22C with the predecessor Ordinance or while in the Index of Company Names on the fabric day; or (ii) the identify of a system corporate incorporated or recognized underneath an Ordinance prior to the material date; or (b) offers so misleading an indication of the nature on the company’s routines in Hong Kong as to generally be very likely to lead to harm to the public.

(three) No non-public company possessing only one director could have as company secretary of your company a system corporate the only director of which can be the only director on the private company. Area: 476 Path demanding company to appoint company secretary

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(two) Part 116C in the predecessor Ordinance, as in power instantly just before its repeal, continues to apply in relation to resolutions for which Particular notice is needed if notice of your intention to move the resolution was presented for the company prior to the commencement day* of part 578. 103. Associates’ statements

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Any authorized proceedings that might have been commenced or ongoing by or towards it by its previous identify may be commenced or continued by or from it by its new identify. (6) If the company contravenes subsection (2) the company, and every dependable person from the company, commit an offence, and each is liable into a high-quality at level 3 and, in the case of the continuing offence, to a further wonderful of $three hundred for every day for the duration of which the offence carries on. (7) On this area— former name(前有名稱), in relation to some company restored to the Companies Sign up underneath this Division, suggests the title that the company experienced immediately right before it absolutely was dissolved. Part: 771 Registrar may well immediate company to change identical or related name and so on.