The 2-Minute Rule for company secretary hong kong requirements
The 2-Minute Rule for company secretary hong kong requirements
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L.N. 163 of 2013 03/03/2014 (1) If anyone is buying or proposing to amass shares within a company, the company or any of its subsidiaries should not give fiscal assistance instantly or indirectly for the purpose of the acquisition right before or simultaneously since the acquisition takes position, except as provided by this Division. (two) If— (a) a person has acquired shares in the company; and (b) anyone has incurred a legal responsibility for the goal of the acquisition, the company or any of its subsidiaries have to not give economic help immediately or indirectly for the purpose of decreasing or discharging the legal responsibility, besides as furnished by this Division.
(4) If, at any time throughout the financial yr to which a directors’ report prepared by the directors of the company relates, a permitted indemnity provision made by the company was in pressure for the benefit of a number of individuals who have been then administrators of an connected company from the company, the report ought to point out the provision was in drive. (5) On this section— directors’ report(董事報告) signifies— (a) the report necessary to be prepared under segment 388(one); or (b) the consolidated report required to be organized less than section 388(2). Segment: 471 Spot wherever duplicate of permitted indemnity provision must be held
(four) In spite of subsection (2), an individual may perhaps enter into the transaction with only the prescribed acceptance on the company’s associates If your subsidiary is incorporated outside the house Hong Kong or is a wholly owned subsidiary of the company. Segment: 523 Person need to not make payment for loss of Office environment to director or former director in reference to transfer of shares ensuing from takeover offer
Cap 622 - Firms Ordinance 22 forty nine(1) given that the correspondence deal with isn't efficient to convey them to the see of your director, reserve director or company secretary in dilemma; or (ii) it's important or expedient with the withheld tackle for being disclosed in reference to the enforcement of an get or decree of the courtroom; and (b) Should the Courtroom is glad that it is acceptable to generate the get. (two) The Courtroom may possibly make an buy for the disclosure by the Registrar of the withheld identification number— (a) if it is necessary or expedient for the variety to become disclosed in connection with the enforcement of an order or decree of the court docket; and (b) In case the Court is happy that it is suitable to create the buy.
It is mandatory for all Hong Kong businesses to have a area Company Secretary. This unique is liable for liaising with government regulatory bodies when required and when there are actually any changes inside your company composition. Find out more about our Corporate Secretary services.
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Part forty six of the predecessor Ordinance, as in drive promptly before its repeal, proceeds to apply in relation to an arrangement created in accordance with that portion before the commencement date* of part 148 to get a company to pay commission to a person in thing to consider of the person subscribing or agreeing to subscribe for shares while in the company or procuring or agreeing to acquire subscriptions. 22. Registration of transfer or refusal of registration
Cap 622 - Corporations Ordinance 189 (b) give a promise or offer protection in connection with a quasi-mortgage produced by anyone to this type of director. (3) Irrespective of subsection (2)— (a) a specified company may well enter in to the transaction with only the prescribed approval of its members In case the holding company is incorporated outside Hong Kong; and (b) a specified company may perhaps enter in the transaction with just the prescribed approval in the holding company’s customers whether it is an entirely owned subsidiary with the holding company, along with the holding company is incorporated in Hong Kong. Section: 502 Specified company must not make loan or quasi-loan etc. to connected entity
Portion: 784 Appeal against decision to provide recognize L.N. 163 of 2013 03/03/2014 Within three weeks right after staying served that has a recognize beneath segment 780(one)(b) for your corporate name or for an permitted title in relation to some corporate identify, a registered non-Hong Kong company may perhaps appeal to the Administrative Appeals Board against the choice to serve the notice. Segment: 785 Change of accredited identify L.N. 163 of 2013 03/03/2014 (one) A registered non-Hong Kong company could utilize, in composing, on the Registrar for change of the accepted name, in relation to a corporate identify, under which the company is to hold on organization in Hong Kong. (two) An application has to be sent to the Registrar. (3) On obtaining an software for change of an accepted title, the Registrar have to approve the new identify Except contented the new identify— (a) is the same as or is too like— (i) a name that appears, or ought to have appeared, in the Index of Company Names; or (ii) the title of the body corporate incorporated or proven underneath an company secretary hong kong search Ordinance; or (b) provides so deceptive a sign of the nature of the registered non-Hong Kong company’s routines in Hong Kong as to get likely to cause hurt to the general public. (four) When the Registrar approves a completely new title, the registered non-Hong Kong company may supply on the Registrar for registration a return, in the desired sort, specifying the new identify so authorised. (five) On receiving a return, the Registrar need to, Except glad that the new name laid out in it is actually similar to a reputation that appears, or must have appeared, within the Index of Company Names— (a) enter The brand new identify in the Companies Register given that the title, in relation towards the corporate title, less than which the registered non-Hong Kong company is to carry on business enterprise in Hong Kong; (b) generate a note in the Companies Sign-up into the outcome that there is a change of authorised name;
(three) A letter has to be tackled— (a) to a licensed consultant of your registered non-Hong Kong company whose expected aspects are shown in the Companies Register; or (b) if no required aspects of approved Reps on the company are demonstrated in the businesses Sign-up, to anyplace of organization established through the company in Hong Kong. (4) The Registrar is just not required to send out a letter towards the registered non-Hong Kong company below subsection (2)(a) In the event the Registrar is on the impression which the letter is unlikely for being acquired because of the company. Part: 798 Registrar may possibly strike off registered non-Hong Kong company’s title
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On and once the commencement date* of part 648, a sign up of administrators and secretaries saved by a company