Detailed Notes on company secretary course hong kong

Detailed Notes on company secretary course hong kong

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Remarks: Not nevertheless in operation (1) Despite part 54(2)(a), the Registrar could generate a protected deal with accessible for community inspection in accordance with section 56 if— (a) communications sent by the Registrar on the director, and demanding a response inside of a specified interval, continue to be unanswered; or (b) there is evidence the service of paperwork with the Registrar with the relevant correspondence address of the director is not really effective to deliver them to your see of the director.

Cap 622 - Firms Ordinance 137 Part: 371 Alteration of accounting reference date L.N. 163 of 2013 03/03/2014 (1) The administrators of a company might specify a whole new accounting reference date in relation to— (a) the company’s latest accounting reference period of time and each subsequent accounting reference time period; or (b) the company’s former accounting reference period and each subsequent accounting reference interval. (2) If the administrators of the general public company or even a company minimal by promise specify a different accounting reference day beneath subsection (one), the company should, within 15 times after the day of the administrators’ resolution specifying The brand new accounting reference day, produce a see, in the specified kind, of that new day for the Registrar for registration. (three) A directors’ resolution by which a different accounting reference date is specified, plus a notice of that new date delivered to the Registrar, will have to state— (a) no matter whether the current or preceding accounting reference time period involved will be to be shortened, in order to close on the main event on which the new accounting reference date falls or fell following the beginning of that interval; or (b) no matter if the current or previous accounting reference period of time anxious would be to be extended, in order to end on the next situation on which The brand new accounting reference day falls or fell after the beginning of that period of time. (four) The administrators of the company need to not specify a completely new accounting reference day in relation into the previous accounting reference period if— (a) the time period for laying before the company generally speaking Assembly less than segment 429 a duplicate on the reporting paperwork for that fiscal 12 months based on reference to that accounting reference period of time has expired; or (b) the period for sending a replica of the reporting documents with the economical year for the associates below area 430(three) has expired.

(seven) A discover of intent ceases to have effect if the one who gave the discover— (a) is now not a member of your company; or (b) revokes the discover by offering the company a composed discover of revocation. (8) If a member or opportunity member will not provide the company a discover of intent in reaction to some notification ahead of the 1st date on which a copy on the reporting documents with the economic year is sent to some member less than segment 430, the member or prospective member is to be considered to be— (a) getting asked for a replica with the summary financial report to the monetary 12 months and each subsequent fiscal calendar year; and (b) getting asked for the summary fiscal report back to be sent through the company in challenging copy type. (nine) Subsection (eight) ceases to have influence in relation to anyone if— (a) the person is now not a member in the company; or (b) the individual offers the company a written recognize of cessation of statutory election.

All Hong Kong businesses need to have a local registered deal with to acquire governing administration and bank correspondence. Whenever you get mail, we open up, scan and add letters in your Osome account and deliver you a notification this means you hardly ever miss a factor.

N. 163 of 2013 03/03/2014 (one) The certification by a company of an instrument of transfer of shares during the company— (a) is actually a illustration through the company to any person performing around the religion of the certification that files are already created for the company that proof title for the shares within the transferor named within the instrument; and (b) will not be a representation the transferor has any title into the shares. (2) If a person acts to the religion of a Fake certification by a company built negligently, the company is under the similar liability to the individual as Should the certification were created fraudulently. (3) With the functions of this section, an instrument of transfer is Qualified by a company if it bears— (a) the words and phrases “certificate lodged”, or words and phrases to the exact same effect, in English or Chinese; and (b) under or adjacent to Individuals words and phrases, the signature or initials of someone possessing the particular or apparent authority to certify transfers on behalf of the company. (4) Unless of course the Opposite is proved, a signature or initials showing on an instrument of transfer as referred to in subsection (3)(b) should be regarded— (a) as the signature or initials of the person whose signature or initials they purport for being; and (b) as owning been put on the instrument by that person or by Yet another one that has the particular or clear authority to use the signature or initials for the goal of certifying transfers on behalf on the company. Portion: a hundred and fifty five Situation of share certificate on transfer L.N. 163 of 2013 03/03/2014 (one) Inside the period laid out in subsection (2), a company ought to full the certificates for just about any of its shares that happen to be transferred and also have the certificates Completely ready for shipping and delivery. (two) The time period is— (a) for a private company, two months once the working day on which the transfer is lodged While using the company;

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For example, the company secretary must update the shareholders’ and administrators’ registers each time a company director is removed or additional. They will also update other changes like changes in company’s share money and change in registered Business address.

Cap 622 - Companies Ordinance one hundred sixty (i) was billed with the obligation of making certain that subsection (1) was complied with; and (ii) was able to discharge that duty; and (b) It is far from a defence to ascertain the money statements or report wasn't the truth is well prepared as needed by this Ordinance. Area: 430 Company need to deliver copies of monetary statements and many others. to users before basic meeting

(two) Ahead of an inspector sends a draft interim report or ultimate report, or Section of the draft report, to a person below subsection (1), the inspector may perhaps— (a) trigger any passages within the draft report or that Element of the draft report back to be hid from see or being obliterated; and (b) call for the individual to maintain the draft report or that Component of the draft report private. Segment: 859 Fiscal Secretary to file copies of inspector’s report with Court

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(three) Should the Registrar formation company jewellery is with the feeling that a letter below subsection (1) is not likely to be acquired with the registered non-Hong Kong company, the Registrar may possibly, in lieu of sending a letter under that subsection, publish in the Gazette a detect that, Except bring about is demonstrated to the contrary, the company’s name will be struck off the businesses Sign up, plus the company will no more be described as a registered non-Hong Kong company, at the end of three

L.N. 163 of 2013 03/03/2014 (1) In case the Registrar has fair induce to believe that a registered non-Hong Kong company has ceased to have a put of business in Hong Kong, the Registrar may perhaps send towards the company by write-up a letter inquiring whether or not the company has ceased to possess a area of small business in Hong Kong. (2) A letter must be dealt with— (a) to a licensed representative of the registered non-Hong Kong company whose necessary specifics are proven in the businesses Register; or (b) if no expected information of authorized Reps of the company are proven in the Companies Sign-up, to anywhere of business enterprise proven from the company in Hong Kong.

(three) Regardless of subsection (1), In case the nominal amount or nominal value of a share is altered on or after the commencement date* of portion 135 under a continuing provision, a reference inside of a continuing provision to the nominal quantity or nominal value of the share is a reference towards the nominal amount or nominal benefit as so altered. Section five

Sections 290C and 290D from the predecessor Ordinance, as in force instantly before their repeal, carry on to use in relation to your disclaimer of The federal government’s title to any home or right (other than immovable assets) vested in the Government before the commencement day* of Division 3 of Part fifteen underneath area 292 from the predecessor Ordinance. 129. Striking off