Examine This Report on company secretary course hong kong

7. An yearly return underneath segment 662(3) has to be accompanied by— (a) copies of your paperwork required to be sent to each member of your company beneath area 430, certified by a director or company secretary from the company for being accurate copies; and (b) if any on the documents described in paragraph (a) is in a very language other than English or Chinese, a Licensed translation (to get annexed to that document) in English or Chinese on the doc. Agenda: 7 Offences in respect of which Proceedings not Instituted under Specific Situations

Cap 622 - Organizations Ordinance 137 Area: 371 Alteration of accounting reference day L.N. 163 of 2013 03/03/2014 (1) The directors of a company may perhaps specify a completely new accounting reference date in relation to— (a) the company’s latest accounting reference period of time and each subsequent accounting reference period; or (b) the company’s prior accounting reference period of time and each subsequent accounting reference time period. (two) If the directors of a general public company or maybe a company limited by warranty specify a different accounting reference date below subsection (1), the company ought to, in 15 times once the day of the administrators’ resolution specifying the new accounting reference day, deliver a see, in the specified kind, of that new day to your Registrar for registration. (3) A administrators’ resolution by which a different accounting reference day is specified, plus a notice of that new day shipped to the Registrar, must condition— (a) whether or not the current or past accounting reference period concerned is always to be shortened, so as to stop on the first situation on which the new accounting reference date falls or fell after the beginning of that period; or (b) whether the current or earlier accounting reference period of time concerned is always to be extended, to be able to end on the next celebration on which the new accounting reference date falls or fell just after the start of that time period. (four) The directors of the company ought to not specify a different accounting reference date in relation to your preceding accounting reference period of time if— (a) the interval for laying ahead of the company generally meeting below area 429 a duplicate in the reporting files with the economic 12 months based on reference to that accounting reference time period has expired; or (b) the time period for sending a replica of the reporting files for that financial 12 months towards the customers under area 430(3) has expired.

You are able to do this by searching their title from the TCSP Registry (Notice: some companies could use trade names, so You may have to request for their licence quantity to search).

(1) An software can be produced beneath area 163 to get a new share certification whether the initial certification was shed right before, on or once the commencement day* of that part, unless an application for a new certification experienced now been built below area 71A from the predecessor Ordinance ahead of that commencement day*.

No, It's not necessarily authorized to do so. Organizations based in Hong Kong are necessary to appoint a company secretary beneath the Companies Ordinance. The secretary ought to are in Hong Kong and be at least 18 a long time of age to qualify.

For Chinese specialists on the lookout to determine interactions with English-speaking clients inside the region

(1) For your functions of the Plan, a right held by a subsidiary endeavor of another endeavor will be to be considered to be getting held by that other endeavor. (two) For your applications of the Plan— (a) without having restricting paragraph (b), a correct that may be exercisable only in particular situation is taken under consideration— (i) only if the circumstances have arisen and for so long as they continue to exist; or (ii) only when the instances are within the Charge of the person acquiring the right; and (b) a right which is Usually exercisable but is quickly incapable of currently being exercised proceeds to generally be taken under consideration.

Section: 335 Company need to sign up specified demand designed by it L.N. 163 of 2013 03/03/2014 (one) A company should provide an announcement of the particulars of each specified cost made by the company, together with a Qualified duplicate with the instrument (if any) producing or evidencing the charge, to the Registrar for registration inside the registration time period specified in subsection (five)(a). (two) Exactly where— (a) a specified cost established by a company— (i) is specified in a debenture forming part of a sequence by reference to any other instrument that contains the cost (if also contained in the debenture); or (ii) is contained inside a debenture forming Component of a series (but not offered within the debenture by reference to another instrument); and (b) each holder from the debentures of your collection is entitled equally to the benefit of the demand, the company will be to be considered to be acquiring complied with subsection (one) in relation to the specified demand When the

L.N. 163 of 2013 03/03/2014 (one) An auditor’s report need to point out, from the auditor’s impression— (a) whether the economical statements are effectively ready in compliance with this Ordinance; and (b) especially, whether the money statements— (i) in the case of annual economical statements of a company that does not tumble inside the reporting exemption with the economical calendar year, provide a true and reasonable check out with the financial place and fiscal performance in the company as needed by area 380; or (ii) in the case of once-a-year consolidated monetary statements of a company that does not tumble inside the reporting exemption with the money calendar year, provide a legitimate and fair check out of the economic place and economic functionality on the company and the many subsidiary undertakings as necessary by segment 380.

Cap 622 - Corporations Ordinance 111 enough evidence in the grant of probate on the will or letters of administration of the deceased particular person the production to the company of a doc which is by legislation enough proof of that grant. Part: 326 Form of sign up of holders of debentures saved less than instrument made by company

(four) If an officer of the company or someone on behalf of a company takes advantage of, or authorizes the use of, a seal that purports to generally be the company’s prevalent seal and that contravenes subsection (2), the officer or particular person commits an offence and it is liable to your fine at stage three. Section: a hundred twenty five Official seal for use abroad L.N. 163 of 2013 03/03/2014 (1) A company with a common seal could have an official seal to be used exterior Hong Kong. (2) This sort of an Formal seal must be a replica in the company’s popular seal, but have engraved on it in legible form the name of each position where it's for use. (three) A company by having an official seal for use in a place may, by creating beneath its prevalent seal, authorize anyone appointed to the goal to affix, in that location, the official seal to any deed or every other document to which the company is a celebration. (4) As in between a company and anyone dealing with an executing agent from the company, the authority of the agent proceeds— (a) Should the authorization mentions a interval throughout which the authority is to carry on, until finally the top on the period; or (b) When the authorization would not mention this type of interval, right up until a see of revocation or termination in the agent’s authority is supplied to the person. (5) The person affixing an official seal need to, around the deed or other document to which the seal is affixed, certify in crafting the date on which, and also the position at which, the seal is so affixed. (six) A deed or other doc to which an official seal is affixed binds the company as if it had been executed beneath the company’s frequent seal. (7) With this portion—

Cap 622 - Organizations Ordinance sixty eight company. Portion: 195 Team reconstruction aid L.N. 163 of 2013 03/03/2014 (one) This portion applies if an issuing company— (a) is a wholly owned subsidiary of A different company (the Keeping company); and (b) problems shares— (i) into the holding company; or (ii) to a different wholly owned subsidiary with the Keeping company, in thought for your transfer towards the issuing company of non-cash property of the company (the transferor company) that is a member on the group of firms that comprises the Keeping company and all its wholly owned subsidiaries. (two) Any excess of the worth in the property transferred about their Web foundation benefit could possibly be disregarded when recording as share capital in the issuing company the level of consideration for the issue through the issuing company of its shares. As a result, the bare minimum number of thought necessary to be recorded as share capital of the issuing company in regard in the shares issued for your transfer is The online base price of the property transferred. (three) The web foundation worth of the assets transferred is the quantity by which The bottom worth of the assets transferred exceeds The bottom value of any liabilities of your transferor company assumed via the issuing company as thought for your belongings transferred. (4) For your reasons of the area— (a) The bottom value of belongings transferred could be the lesser of— (i) the cost of All those belongings to the transferor company; (ii) the quantity at which All those belongings are said inside the transferor company’ s accounting documents promptly before the transfer; (b) The bottom worth of liabilities assumed is the quantity at which They may be said from the transferor company’s accounting documents promptly before the transfer. Section: 196 Merger aid L.N. 163 of 2013 03/03/2014 (one) This part applies if an issuing company has secured at the least a 90% equity Keeping in One more company under an arrangement offering for the issue of fairness shares within the issuing company on phrases that the thought for that shares issued would be to be furnished— (a) by The difficulty or transfer towards the issuing company of equity shares in another company; or (b) via the cancellation of any fairness shares in the opposite company not held because of the issuing company.

The service I obtained was Excellent from begin to complete. Cedric, Mandy and Tori ended up exceptionally friendly and attentive, ensuring that all my demands have been satisfied promptly. I was impressed by their professionalism and performance, and I'll undoubtedly be returning for potential enterprise.

Cap 622 - Firms Ordinance 154 Component: Division: Subdivision: nine 5 5 Auditor’s Legal responsibility L.N. 163 of 2013 03/03/2014 Section: 415 Avoidance of provisions defending auditor from legal responsibility L.N. 163 of 2013 03/03/2014 (one) This portion applies to a provision contained in the company’s articles or blog posts, or inside a agreement entered into by a company, or otherwise. (2) If a company formation uk provision purports to exempt an auditor of your company from any liability that could otherwise connect to your auditor in reference to any carelessness, default, breach of responsibility or breach of belief occurring during the course of efficiency on the duties as auditor in relation to the company, the provision is void. (3) If, by a provision, the company specifically or indirectly presents an indemnity for an auditor of your company, or an auditor of the connected company with the company, towards any legal responsibility attaching to the auditor in connection with any carelessness, default, breach of responsibility or breach of have confidence in happening during the course of performance on the duties as auditor in relation to the company or related company (as the situation may be), the provision is void. (4) Subsection (3) won't prevent a company from using out and preserving in drive insurance policy for an auditor with the company, or an auditor of the associated company with the company, in opposition to— (a) any legal responsibility to anyone attaching to the auditor in reference to any negligence, default, breach of duty or breach of belief (except for fraud) taking place within the course of effectiveness with the duties of auditor in relation to the company or linked company (as the case can be); or (b) any legal responsibility incurred because of the auditor in defending any proceedings (regardless of whether civil or prison) taken versus the auditor for virtually any carelessness, default, breach of responsibility or breach of trust (which includes fraud) occurring in the course of performance of the duties of auditor in relation to your company or linked company (as the case could possibly be).