hong kong company secretary exam Secrets
hong kong company secretary exam Secrets
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L.N. 163 of 2013 03/03/2014 (1) If it seems into the Registrar that the data contained in a very doc registered by the Registrar in respect of the company is inconsistent with other info regarding the company on the Companies Register, the Registrar could give see towards the company— (a) stating in what regard the information contained in the doc seems to get inconsistent with other info on the businesses Sign-up; and (b) requiring the company to acquire ways to resolve the inconsistency. (2) With the purposes of subsection (one)(b), the Registrar may perhaps require the company to deliver to the Registrar within the time period laid out in the observe— (a) details needed to resolve the inconsistency; or (b) evidence that proceedings have already been commenced via the company in the Courtroom for the purpose of resolving the inconsistency and that the proceedings are now being carried out diligently.
(4) If, Anytime over the financial yr to which a administrators’ report organized by the administrators of a company relates, a permitted indemnity provision made by the company was in power for the advantage of a number of folks who were being then administrators of the related company with the company, the report ought to point out that the provision was in pressure. (five) During this part— administrators’ report(董事報告) indicates— (a) the report necessary to be geared up below part 388(1); or (b) the consolidated report required to be prepared underneath section 388(two). Portion: 471 Place where by duplicate of permitted indemnity provision should be kept
You can do this by searching their title within the TCSP Registry (Take note: some providers may perhaps use trade names, so you might have to ask for his or her licence amount to search).
Are you presently intending to incorporate a restricted company in Hong Kong? If so, in accordance with the Hong Kong Companies Ordinance, you must appoint a neighborhood company secretary. But what's a company secretary accurately? What do they are doing, and do you need a person? Read more to learn much more.
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That said, since the part indicates some know-how and expertise, when you appoint somebody, make sure that he/she has the related history. Alternatively, if you decide to hire a service supplier, you’ll want to examine they may have the appropriate licence in place.
For example, the company secretary need to update the shareholders’ and administrators’ registers whenever a company director is taken out or additional. They are going to also update other changes like changes in company’s share cash and change in registered Place of work handle.
leg. C), as in pressure immediately just before its repeal, continues to use in relation to your petition to verify an alteration in the memorandum presented less than area 8 with the predecessor Ordinance having a continuing influence below subsection (one). 7. Alteration of particular circumstances of memorandum of association
Cap 622 - Corporations Ordinance 189 (b) provide a guarantee or offer protection in connection with a quasi-personal loan made by any person to this type of director. (3) In spite of subsection (2)— (a) a specified company might enter in the transaction with only the prescribed approval of its customers if the Keeping company is incorporated outside Hong Kong; and (b) a specified company might enter into your transaction with just the prescribed acceptance with the Keeping company’s associates if it is an entirely owned subsidiary on the Keeping company, and the Keeping company is incorporated in Hong Kong. Segment: 502 Specified company must not make financial loan or quasi-personal loan and many others. to connected entity
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Cap 622 - Firms Ordinance 99 composed off in a discount or reorganization of funds; or (b) another reserve the company is prohibited from distributing by an Ordinance (aside from this Component) or by its content articles. (2) In paragraph (a) in the definition of undistributable reserves in subsection (1), a reference to capitalization excludes a transfer of income on the company to its capital redemption reserve on or following 1 September 1991. (3) Within this Part— (a) a reference to profits of any individual description can be a reference to gains of that description created at any time; and (b) a reference to losses of any distinct description is a reference to losses of that description produced Anytime. (4) With the applications of this Aspect, any financial statements are referential economic statements In case the distribution in dilemma is produced pursuant to determinations produced by reference to economical things as said within the financial statements underneath portion 302. Part: 291 Understood earnings and losses L.N. 163 of 2013 03/03/2014 (1) During this Portion, a reference to realized gains or understood losses of a company can be a reference to those income or losses of the company that are viewed as understood earnings or understood losses for the purpose of any economical statements geared up by the administrators in accordance with principles generally approved, at enough time if the fiscal statements are geared up, with respect to your dedication for accounting reasons of recognized revenue or recognized losses. (2) Subsection (1) would not affect any distinct provision (no matter whether within an Ordinance or otherwise) beneath which gains or losses of any description are viewed as realized. (three) If, following making all acceptable enquiries, a company’s directors are unable to determine whether a specific gain or decline designed before 1 September 1991 is realized, They could treat the earnings as recognized, and also the loss as unrealized, for your reasons of this Component.
L.N. 163 of 2013 03/03/2014 (1) In the event the problem laid out in subsection (2) is happy, a company just isn't prohibited by section 500, 501, 502 or 503 from coming into into any transaction— (a) to supply a director on the company or of a holding company with the company with funds to fulfill expenditure incurred or being incurred from the director in Placing up a defence within an investigation, or against any action taken or proposed for being taken, by a regulatory authority in reference to any alleged misconduct by the director in relation to the company or an related company on the company; or (b) to help such a director to avoid incurring these expenditure. (2) The ailment would be that the transaction in concern is entered into within the phrases— (a) which the funds are to generally be repaid, or any legal responsibility in the company incurred in relation to that transaction is usually to be discharged, In the event the director is found in the investigation or motion to obtain dedicated the misconduct; and (b) the funds are to be so repaid, or these liability would be to be so discharged, not later on as opposed to day in the event the locating results in being closing.
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