5 Simple Techniques For hong kong company secretary's practice manual
5 Simple Techniques For hong kong company secretary's practice manual
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Part: 354 Notification of put where by sign-up of costs is retained L.N. 163 of 2013 03/03/2014 (one) A company or registered non-Hong Kong company need to notify the Registrar of your area at which the sign up of rates is kept. The recognize must be in the specified sort and shipped to the Registrar for registration within just fifteen days once the sign up is very first retained at that location. (2) A company or registered non-Hong Kong company must notify the Registrar of any change (besides a change of your tackle with the company’s registered Workplace or registered non-Hong Kong company’s principal put of business in Hong Kong) during the location at which the register of costs is saved. The notice must be in the desired form and sent to the Registrar for registration within just fifteen times following the change. (three) Subsection (1) would not demand a company or registered non-Hong Kong company to inform the Registrar from the position at which the sign-up of expenses is kept— (a) if, in the situation of a sign-up that came into existence on or after the commencement date* of the area, it's all the time been saved at— (i) the company’s registered Business office; or (ii) the registered non-Hong Kong company’s principal place of business enterprise in Hong Kong; or (b) if— (i) straight away ahead of that commencement day*, the company or registered non-Hong Kong company retained a register with the functions of section 89 in the predecessor Ordinance; and (ii) on and after that commencement date*, that sign up is kept to be a sign-up of charges for that needs of part 352(one) or 353(one) at the area at which it absolutely was saved straight away before that commencement
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Manage tax stories, keeping of statutory publications, Assembly arrangements and similar corporate changes to suitable authorities
To utilize a corporate secretary is a mandatory criterion founded by the Companies Ordinance for almost any organization Company in Hong Kong. Therefore, you don't have any option but to decide on a corporate secretary if you'd like to develop a Hong Kong company.
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Be aware— Paragraph (b) in the proviso to section 57 in the predecessor Ordinance calls for the sanction in the court docket to be attained ahead of the payment is designed. 34. Aid from share cash requirements
L.N. 163 of 2013 03/03/2014 (one) If a gathering is summoned beneath section 670— (a) just about every discover summoning the meeting that is definitely despatched to your creditor or member should be accompanied by an explanatory statement complying with subsections (3) and (four); and (b) just about every observe summoning the Conference that is definitely specified by ad— (i) should incorporate an explanatory statement complying with subsections (three) and (4); or (ii) need to point out in which And just how a creditor or member entitled to go to the Assembly may well obtain a replica of your explanatory statement. (2) If a see given by advertisement states that a creditor or member entitled to go to the Conference may well obtain a copy of the explanatory assertion, the company will have to offer a copy with the assertion, gratis, to the creditor or member implementing in the fashion specified in the observe. (3) An explanatory statement— (a) must make clear the result in the arrangement or compromise; and (b) should point out— (i) any product pursuits in the company’s administrators, no matter whether as directors or as members or as creditors of your company or normally, under the arrangement or compromise; and (ii) the impact with the arrangement or compromise on These pursuits, in as far as the effect differs from the impact on the like passions of other persons.
A Hong Kong company secretary have to keep any papers needed for government examination if vital. They keep the company’s statutory documentation and update the paperwork if their facts changes.
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(4) An get might deliver that each one costs of and incidental to the application are being borne— (a) in the case of the contravention through the company, from the company or by any officer from the company liable for the contravention; or (b) in the case of the contravention from the officer, by that officer. (5) This portion would not have an effect on the operation of any Ordinance imposing penalties with a company or any officer of a company in regard of the contravention. Segment: 899 Registrar may perhaps give see to suspected offender about not instituting proceedings less than sure problems
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(two) It is immaterial how the shares or share money are applied, no matter whether by remaining additional to the purchase revenue of
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L.N. 163 of 2013 03/03/2014 (one) A company will not be prohibited by area five hundred, 501, 502 or 503 from generating a personal loan or quasi-bank loan, entering right into a credit score transaction or supplying a ensure or supplying protection in connection with a personal loan, quasi-bank loan or credit transaction, if the mixture of the worth from the transaction in problem, and the value of some other relevant transaction or arrangement, won't exceed 5% of— (a) the value of the company’s Internet belongings as determined by reference on the pertinent economical statements with the company; or (b) if no this sort of suitable financial statements are already organized, the amount of the company’s termed-up share funds. (two) On this area, a reference to the related fiscal statements of a company is— (a) a reference to the company’s annual economic statements or annual consolidated fiscal statements organized less than Part 9 which were most lately sent to its members below area 430; or (b) if no these types of once-a-year financial statements or once-a-year consolidated financial statements happen to be despatched For the reason that commencement date* of portion 430, a reference into the company’s accounts well prepared below section 122 of your predecessor Ordinance which were most not too long ago despatched to its associates below section 129G of that Ordinance. (three) A transaction or arrangement is actually a related transaction or arrangement with the needs of subsection (1)— (a) whether it is entered into prior to, or concurrently as, the transaction in query; and (b) if— (i) where the transaction in problem is entered into for any director of the company, a human body corporate managed by such a director, or an entity related with such a director, it can be entered into for that director, managed entire body corporate or linked entity by the company or perhaps a subsidiary of your company as permitted by subsection (1); or (ii) wherever the transaction company formation software in question is entered into for any director of the Keeping company of the company, a entire body corporate controlled by this type of director, or an entity related with such a director, it really is entered into for that director, managed system corporate or related entity by the holding company or possibly a subsidiary with the Keeping company as permitted by subsection (1).