The 2-Minute Rule for company secretary hong kong requirements
The 2-Minute Rule for company secretary hong kong requirements
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The only real director of A non-public company can't even be the company secretary (i.e. among the company’s directors could be the company secretary only when there is multiple director set up);
L.N. 163 of 2013 03/03/2014 (one) The Registrar must make the Companies Register available for public inspection in any respect acceptable situations to be able to enable any member of the public— (a) to ascertain whether the member of the public is coping with— (i) a company to which this subsection applies, or its directors or other officers, in matters of or related with any act of the company; (ii) a director or other officers of this kind of company in issues of or linked Together with the administration with the company, or of its home; (iii) someone towards whom a disqualification purchase has been produced by a courtroom;
Cap 622 - Businesses Ordinance 210 (a) a resolution getting rid of an auditor before the finish from the auditor’s time period of Business; or (b) a resolution taking away a director prior to the close in the director’s time period of Place of work.
Cap 622 - Companies Ordinance 22 49(1) since the correspondence tackle will not be helpful to bring them towards the recognize on the director, reserve director or company secretary in problem; or (ii) it's important or expedient for that withheld deal with to get disclosed in connection with the enforcement of an order or decree of the court docket; and (b) Should the Court docket is glad that it is acceptable to make the get. (two) The Court could make an order with the disclosure via the Registrar of the withheld identification number— (a) if it is necessary or expedient to the variety for being disclosed in connection with the enforcement of the buy or decree of a court docket; and (b) Should the Courtroom is glad that it is acceptable to make the buy.
No, it is not legal to do so. Firms situated in Hong Kong are needed to appoint a company secretary less than the Companies Ordinance. The secretary need to are in Hong Kong and become at the very least eighteen a long time of age to qualify.
Observe— Paragraph (b) of your proviso to section 57 from the predecessor Ordinance demands the sanction from the court to become acquired prior to the payment is made. 34. Relief from share money requirements
You should give the Articles or blog posts of Association and incorporation type for your registry of businesses.
A Hong Kong company secretary should keep any papers necessary for presidency examination if important. They sustain the company’s statutory documentation and update the documents if their information and facts changes.
L.N. 163 of 2013 03/03/2014 (one) The Registrar may possibly provide a recognize with a registered non-Hong Kong company if pleased that a corporate title or authorized title of the company— (a) is the same as or is simply too like— (i) a name that appears, or ought to have appeared, within the index of names held less than section 22C in the predecessor Ordinance or while in the Index of Company Names on the fabric day; or (ii) the identify of the body corporate incorporated or set up beneath an Ordinance in advance of the fabric day; or (b) offers so deceptive a sign of the nature with the company’s functions in Hong Kong as to generally be likely to trigger harm to the public.
(two) Any excessive of the value on the fairness shares obtained or cancelled under the arrangement above the subscribed funds of one other company attributable to those shares could be disregarded when recording as share funds with the issuing company the level of thing to consider for the issue through the issuing company of its shares. Therefore, the least volume of thing to consider needed to be recorded as share capital in the issuing company in respect with the shares issued underneath the arrangement is the subscribed capital of another company attributable for the equity shares acquired or cancelled. (3) If your arrangement also presents for The difficulty of any shares within the issuing company on terms that the consideration for those shares should be to be presented— (a) by the issue or transfer into the issuing company of nonequity shares in another company; or (b) from the cancellation of any non-fairness shares in the other company not held via the issuing company, any extra of the worth in the non-fairness shares acquired or cancelled beneath the arrangement more than the subscribed cash of the other company attributable to Those people shares could be disregarded when recording as share cash from the issuing company the quantity of thing to consider for The problem via the issuing company of its shares. (4) This part would not implement inside a scenario slipping within area 195. Part: 197 Merger relief: that means of ninety% fairness holding L.N. 163 of 2013 03/03/2014 (one) This part has effect in identifying, for that needs of section 196, regardless of whether a company (company A) has secured not less than a ninety% equity holding in A different company (company B) under an arrangement described in section 196(1).
(two) On this Element, a reference towards the billed residence of a non-Hong Kong company registered under Part XI of your predecessor Ordinance is usually a reference to— (a) the residence in Hong Kong in the company and topic to the cost produced by the company, apart from home which was not in Hong Kong once the demand was made; or (b) the home in Hong Kong of the company and subject matter to some demand that subsisted once the property was acquired by the company, other than home which was not in Hong Kong when it was so obtained. 63. Cost created by company
L.N. 163 of 2013 03/03/2014 (one) When the Registrar has acceptable trigger to think that a registered non-Hong Kong company has ceased to possess a spot of business enterprise in Hong Kong, the Registrar could send out to the company by put up a letter inquiring whether or not the company has ceased to possess a location of small business in Hong Kong. (two) A letter has to be resolved— (a) to a certified representative with the registered non-Hong Kong company whose essential particulars are revealed in the Companies Sign up; or (b) if no essential particulars of licensed Reps of the company are demonstrated in the Companies Sign-up, to any place of small formation company agents business set up by the company in Hong Kong.
Cap 622 - Corporations Ordinance 356 to the annual consolidated fiscal statements for a economic 12 months is not really required to incorporate any notes. (three) That assertion of economic position must be inside the format wherein that assertion might have been well prepared In the event the holding company experienced not been needed to get ready any once-a-year consolidated financial statements for your economic 12 months. three. Subsidiary’s money statements will have to contain particulars of greatest father or mother endeavor
Your company secretary is chargeable for making sure all statutory returns are filed punctually and precisely. Many of the most typical returns include: