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Cap 622 - Firms Ordinance 244 variation in between a term or words needed to be Portion of the name and also a permitted abbreviation of that term or Individuals phrases (or vice versa) will be to be disregarded. Section: 660 Prison effects of failure to generate essential disclosures
Part 57A of the predecessor Ordinance, as in drive immediately prior to its repeal, proceeds to use to your share certification, prospectus or directors’ report issued before the commencement day* of part 179. 29. Variation of course rights: organizations getting a share cash
(5) A change of name less than this segment isn't going to have an affect on any rights or obligations in the company or render faulty any authorized proceedings by or in opposition to it. Any legal proceedings that could have been commenced or ongoing by or towards it by its previous name could possibly be commenced or ongoing by or versus it by its new name. (6) If a company contravenes subsection (2), the company, and each dependable individual on the company, commit an offence, and each is liable to a fantastic at stage 3 and, in the case of the continuing offence, to a further good of $three hundred for each day throughout which the offence continues. Segment: 108 Registrar may immediate company to change identical or comparable title and so on.
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Cap 622 - Businesses Ordinance 226 (ii) three months following the conclude of that accounting reference period of time, whichever may be the afterwards; and (b) in the situation of every other company— (i) six months once the anniversary of the company’s incorporation; or (ii) three months following the finish of that accounting reference period, whichever could be the later. (three) If a company has by a directors’ resolution less than segment 371 or a recognize sent to the Registrar less than that area, shortened an accounting reference interval, the company should maintain a typical Assembly as its once-a-year basic Conference inside the subsequent interval— (a) in the case of a private company or maybe a company constrained by assure— (i) 9 months once the end in the shortened accounting reference interval; or (ii) three months following the date of the directors’ resolution, whichever is definitely the later on; and (b) in the case of another company— (i) 6 months following the conclude of the shortened accounting reference period of time; or (ii) 3 months following the date of the directors’ resolution, whichever is the afterwards. (4) A personal company stated in subsections (one), (2) and (3) doesn't contain A personal company that may be, at any time through the financial year, a subsidiary of a public company. (five) If for any explanation the Court docket thinks healthy to do so, it may, on an software created prior to the finish of the time period in any other case permitted for Keeping an yearly general meeting in respect of the economical yr of the company, by order increase that time period by an additional interval specified in the get.
Portion 64A in the predecessor Ordinance, as in drive promptly just before its repeal, continues to apply to an attachment of legal rights to a category of shares ahead of the commencement day* of segment 184. 31. Variation of class rights: providers without a share cash
L.N. 163 of 2013 03/03/2014 (one) This part applies if a member or users from the repurchasing company has or have presented discover under part 711 the member or users will likely not tender any shares to be acquired back by that company under a normal present. (two) If, in the case of the typical supply that does not relate to shares of different lessons— (a) the repurchasing company has, by virtue of acceptances with the present, purchased back, or contracted unconditionally to purchase back, some although not the entire shares to which the offer you relates; and (b) at any time prior to the end of the present time period, the shares inside the repurchasing company managed by that company, with or without the shares during the repurchasing company held via the non-tendering member, stand for not less than ninety% in amount of the shares in the repurchasing company, the holder of any shares to which the offer relates who's got not acknowledged the supply ahead of the end of that period of time might, by a letter resolved to the repurchasing company, call for that company to purchase again These shares.
Cap 622 - Firms Ordinance 171 respect of whom the reserve director is nominated, the reserve director is always to be viewed as a director from the company for all functions right until— (a) a person is appointed for a director of your company in accordance with its content; or (b) the reserve director resigns in the Office environment of director in accordance with part 464, whichever is the earlier. (5) The problems specified for your reasons of subsection (4) are— (a) that the nomination of your reserve director hasn't ceased to own effect below subsection (two); and (b) that the reserve director will not be prohibited by legislation nor disqualified from acting being a director in the company. Portion: 456 Restriction on body corporate becoming director L.
Cap 622 - Providers Ordinance 189 (b) provide a guarantee or supply safety in reference to a quasi-personal loan produced by anyone to such a director. (three) Despite subsection (2)— (a) a specified company may possibly enter to the transaction with only the prescribed acceptance of its customers If your Keeping company is incorporated outside Hong Kong; and (b) a specified company may possibly enter into your transaction with only the prescribed acceptance on the Keeping company’s users if it is a wholly owned subsidiary from the holding company, and also the holding company is incorporated in Hong Kong. Segment: 502 Specified company have to not make personal loan or quasi-mortgage etc. to related entity
designate at the least 1 man or woman as its agent to deliver support relating to the company's Important Controllers Sign up to your legislation enforcement officer.
(two) With this Aspect, a reference on the billed residence of a non-Hong Kong company registered underneath Component XI of the predecessor Ordinance is often a reference to— (a) the home in Hong Kong of your company and subject matter to some demand designed by the company, apart from house which was not in Hong Kong if the demand was developed; or (b) the property in Hong Kong in the company and issue to your charge that subsisted in the event the home was acquired because of the company, other than house which was not in Hong Kong when it was so obtained. sixty three. Charge created by company
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L.N. 163 of 2013 03/03/2014 (one) A company might notify each individual member or prospective member to give the company a detect of intent under subsection (3). (2) A notification to your member or potential member— (a) should be specified in writing; and (b) should be supplied in relation to your money 12 months. (3) In response to the notification, a member or potential member may provide the company a detect of intent to— (a) request— (i) either a copy of the reporting paperwork or a duplicate in the summary economic report; or (ii) none of Individuals copies; and (b) in the case of paragraph (a)(i), ask for the copy for being despatched via the company in really hard copy variety, in electronic form, or by rendering it readily available on a website. (4) A member or prospective member may perhaps only generate a request underneath subsection (3)(b) in reaction to some notification for a replica from the reporting paperwork or a copy of your summary economic report back to be sent in electronic variety or by which makes it available on a website If your company has provided, from the notification, the member or possible member an option to request the copy being so despatched. (five) If a notice of intent is gained by the company at the least 28 times ahead of the to start with date on which a duplicate on the reporting files with the economic 12 months is distributed to your member less than segment 430, the recognize of intent has influence in relation to that money year, and every subsequent monetary yr, until eventually it ceases to possess influence by advantage of subsection (seven). (six) If a observe of intent is acquired by the company a lot less than formation company startup 28 times prior to the initially date on which a copy of the reporting files for that money 12 months is distributed to a member less than part 430— (a) the observe of intent has impact in relation to each economic year subsequent to that economical yr till it ceases to have influence by advantage of subsection (7); and (b) the member or probable member is always to be regarded as— (i) acquiring asked for a replica from the summary economical report to the financial calendar year; and (ii) possessing requested the summary monetary report back to be despatched because of the company in hard copy sort.