Part 55 of the predecessor Ordinance, as in power instantly right before its repeal, proceeds to apply to an increase in a company’ s share money When the resolution authorizing the increase was handed before the commencement date* of area 171. 28. Description of shares of different classes

(two) The Registrar may perhaps do the act, or cause the act to become completed, as the company’s or perhaps the liquidator’s or provisional liquidator’s agent. (three) The Registrar may execute or sign any pertinent instrument or document, including a memorandum stating that the Registrar has completed so given that the company’s or even the liquidator’s or provisional liquidator’s representative. (4) An instrument or doc executed or signed through the Registrar less than subsection (3) has exactly the same influence as if the company, if continue to present, experienced executed the instrument or doc. Portion: 758 Former director need to keep dissolved company’s books and papers for 6 many years

Cap 622 - Firms Ordinance 159 Area: 427 Court docket may buy assertion of situation not to be despatched L.N. 163 of 2013 03/03/2014 (one) This part applies if an software has actually been produced under portion 426(1)(b) or (3) in relation to a press release of instances presented by an individual to your company. (two) Should the Courtroom is happy that the person has abused the use of the assertion of situations or is utilizing the statement to protected Useless publicity for defamatory make a difference, the Court docket— (a) should immediate that copies from the statement are not to generally be sent less than portion 426(1)(a); and (b) might get the person, even though not a celebration to the applying, to pay for the applicant’s costs on the application in entire or partly. (3) Should the Courtroom gives Instructions below subsection (two)(a), the company must, in 15 days commencing on the day on which the directions are supplied— (a) send a recognize location out the effect in the Instructions to— (i) each member from the company; and (ii) Unless of course currently named as a celebration to the proceedings, the person who has supplied the statement of instances to the company; and (b) deliver a replica from the detect to your Registrar for registration. (4) When the Court decides not to grant the appliance, the company must, in 15 times commencing within the day on which the decision is created or on which the proceedings are discontinued for almost any reason— (a) give see of the choice to the one who has presented the statement of situations for the company; and (b) ship a duplicate in the assertion of situations to every member from the company also to that human being.

Single ownership: In this business enterprise, the operator on the company controls many of the matters and he bears all the hazards himself.

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Part 64A of your predecessor Ordinance, as in pressure right away prior to its repeal, carries on to apply to an attachment of rights to a category of shares ahead of the commencement date* of area 184. 31. Variation of class rights: firms and not using a share cash

L.N. 163 of 2013 03/03/2014 (1) This area relates to a company that is definitely an insurance provider and carries on lasting small business. (2) For that purposes of the Part— (a) an amount effectively transferred to your statement of thorough income of your company from a surplus from the fund preserved by it in respect of the long term enterprise will be to be viewed as a recognized gain; and (b) a deficit in that fund would be to be regarded as a understood decline. (three) Subject to subsection (2), any profit or decline arising while in the company’s long-lasting small business will be to be disregarded to the reasons of the Element. (four) In this particular segment— (a) a reference company formation companies house to a surplus inside a fund taken care of by a company is a reference to an extra of your assets symbolizing the fund about the company’s liabilities attributable to its long run company, as demonstrated by an actuarial investigation; and (b) a reference to the deficit in such a fund is actually a reference to an extra of All those liabilities over People belongings, as proven by an actuarial investigation.

leg. C), as in drive instantly ahead of its repeal, continues to use in relation to some petition to confirm an alteration in a memorandum introduced less than area 8 of the predecessor Ordinance aquiring a continuing result below subsection (one). seven. Alteration of specific conditions of memorandum of association

Area 57C of your predecessor Ordinance, as in drive immediately prior to its repeal, continues to apply to shares purportedly issued or allotted prior to the commencement day* of part 146. 21. Permitted commissions

The corporate secretary also manages the compliance standing of your company. And functions to be a mediator concerning the company's shareholders and administrators.

(two) In this particular Portion, a reference for the billed assets of a non-Hong Kong company registered beneath Component XI of your predecessor Ordinance is usually a reference to— (a) the property in Hong Kong with the company and subject matter to your charge made with the company, besides assets which was not in Hong Kong once the demand was produced; or (b) the property in Hong Kong with the company and matter to some demand that subsisted if the residence was obtained through the company, except home that was not in Hong Kong when it had been so acquired. 63. Cost created by company

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First of all, Take into account that a company secretary should really determine what They're accomplishing – you shouldn’t just appoint any random to take the work!

Any lawful proceedings that might have been commenced or ongoing by or towards it by its previous title may be commenced or ongoing by or versus it by its new title. (6) When the company contravenes subsection (two) the company, and every liable human being with the company, commit an offence, and every is liable into a good at amount 3 and, in the situation of the continuing offence, to an additional great of $300 for each day all through which the offence continues. (7) With this segment— previous name(前有名稱), in relation to the company restored to the Companies Sign-up underneath this Division, indicates the name the company experienced instantly in advance of it was dissolved. Part: 771 Registrar might direct company to change very same or identical name and so forth.