The Basic Principles Of corporate secretary hong kong
A company secretary could be described as the company’s govt, whose Main job is in order that the organization and its functions adjust to all statutory rules and restrictions established during the Hong Kong Firms Ordinance.
Cap 622 - Organizations Ordinance 137 Portion: 371 Alteration of accounting reference date L.N. 163 of 2013 03/03/2014 (1) The administrators of the company may perhaps specify a brand new accounting reference day in relation to— (a) the company’s latest accounting reference period and every subsequent accounting reference period of time; or (b) the company’s prior accounting reference period and each subsequent accounting reference period. (two) If the administrators of the general public company or possibly a company minimal by promise specify a fresh accounting reference day below subsection (one), the company ought to, within just fifteen days after the date of the administrators’ resolution specifying The brand new accounting reference day, deliver a detect, in the specified type, of that new date towards the Registrar for registration. (three) A administrators’ resolution by which a brand new accounting reference date is specified, as well as a notice of that new date sent to the Registrar, ought to state— (a) no matter whether the current or preceding accounting reference period of time concerned should be to be shortened, in order to conclude on the first event on which the new accounting reference date falls or fell immediately after the beginning of that interval; or (b) irrespective of whether the current or preceding accounting reference interval involved is always to be extended, so as to conclusion on the second celebration on which the new accounting reference day falls or fell after the start of that period of time. (4) The administrators of the company need to not specify a completely new accounting reference date in relation on the past accounting reference interval if— (a) the interval for laying prior to the company usually Conference underneath segment 429 a copy of the reporting paperwork to the fiscal 12 months based on reference to that accounting reference period has expired; or (b) the time period for sending a copy in the reporting documents for your fiscal 12 months towards the associates below area 430(3) has expired.
Section 154(1AA) from the predecessor Ordinance, as in power instantly prior to its repeal, applies in relation into a company fashioned and registered less than a provision from the predecessor Ordinance getting a continuing outcome beneath this Routine or by advantage of segment 23 with the Interpretation and Standard Clauses Ordinance (Cap 1). 94. Information of conferences of directors
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L.N. 163 of 2013 03/03/2014 (1) Somebody commits an offence if the individual, without having acceptable excuse, fails to comply with any prerequisite imposed on the individual less than portion 869. (two) Anyone commits an offence if the individual, with intent to defraud, fails to comply with any prerequisite imposed on the individual less than part 869. (3) An officer or employee of a company on which a requirement is imposed beneath portion 869 commits an offence if the officer or worker, with intent to defraud, brings about or allows the company to are unsuccessful to comply with the necessity. (four) A person commits an offence if the individual— (a) in purported compliance by using a requirement imposed on the individual beneath section 869— (i) creates any history or doc that is false or deceptive in a material particular; or (ii) delivers any data or explanation that is false or deceptive in a fabric particular; and (b) recognizes that, or is reckless as to if, the document or doc, or the information or explanation, is false or misleading in a cloth individual. (5) Somebody commits an offence if the individual, with intent to defraud, in purported compliance which has a necessity imposed on the individual below area 869— (a) generates any record or doc that is false or misleading in a material specific; or (b) offers any information or rationalization that is false or deceptive in a fabric specific. (six) An officer or staff of a company on which a prerequisite is imposed beneath section 869 commits an offence When the officer or personnel, with intent to defraud, will cause or enables the company to, in purported compliance Using the need— (a) produce any file or document that is false or deceptive in a fabric specific; or (b) present any information or rationalization that is false or deceptive in a fabric specific. (7) Someone is not really excused from complying using a prerequisite imposed on the person beneath segment 869 only on the bottom that to do so may possibly have a tendency to incriminate the person.
That said, given that the purpose indicates some understanding and experience, in case you appoint somebody, make certain that he/she has the applicable background. Alternatively, if you opt to rent a service company, you’ll want to examine they've the appropriate licence in place.
For example, the company secretary really should update the shareholders’ and administrators’ registers when a company director is eliminated or added. They may also update other changes like changes in company’s share money and change in registered Place of work tackle.
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(1) A reference in a continuing provision into the nominal volume or nominal value of a share is, in relation to any interval on or following the commencement day* of part a hundred thirty five, a reference to the company formation agents nominal quantity or nominal worth of the share quickly just before that commencement day*, and also a reference to share high quality should be to be construed appropriately. (two) A reference in a continuing provision into a company’s share high quality account or funds redemption reserve is, in relation to any interval on or once the commencement date* of area one hundred thirty five, a reference towards the company’s share top quality account or capital redemption reserve right away before that commencement date*.
(4) If a company contravenes subsection (1), the company, and each responsible man or woman of the company, commit an offence, and every is liable to the great at amount 4 and, in the case of a continuing offence, to an additional wonderful of $seven-hundred for daily throughout which the offence proceeds. (5) With this section— organization working day(營業日) suggests a day on which a recognized stock market is open for that company of working in securities. Area: 324 Court purchase for delivery of debenture or certification for debenture inventory
(three) A closing report must be sent to the Economical Secretary within the time directed with the Monetary Secretary or, from the absence of directions, within an inexpensive time soon after it is ready. (4) An inspector will have to, in just an affordable time after the supply of a closing report back to the Financial Secretary, supply towards the Registrar for registration a detect of that point in the specified sort. Segment: 857 Interim report or last report may well protect affairs of involved entire body corporate
(2) The Courtroom could ease the specified man or woman, possibly wholly or partly, through the legal responsibility on any conditions that the Court thinks match. (3) If the situation is tried out by a choose with a jury, the choose may well— (a) withdraw the situation in whole or partially from the jury; and (b) direct judgment to get entered for the required human being about the terms as to costs or or else that the choose thinks match.
(1) Segment 57 of the predecessor Ordinance, as in force right away prior to its repeal, proceeds to apply to your payment of fascination by a company In the event the Particular resolution below paragraph (a) in the proviso to that section authorizing the payment was handed before the repeal, regardless of if the sanction in the court docket to the payment is obtained. (two) Without the need of limiting subsection (one), the company may well demand curiosity to cash in accordance with part fifty seven in the predecessor Ordinance if— (a) interest was paid out by a company in accordance with that section in advance of its repeal, but not charged to funds; or (b) interest is paid out by a company once the repeal in accordance that has a Specific resolution handed beneath paragraph (a) of your proviso to that segment prior to the repeal, no matter if the sanction with the court for your payment is received.
L.N. 163 of 2013 03/03/2014 (1) Somebody commits an offence if the person, without having realistic excuse, fails to adjust to any necessity imposed on the person below Subdivision four. (2) An individual commits an offence if the individual, with intent to defraud, fails to adjust to any necessity imposed on the individual underneath Subdivision 4. (three) An officer or worker of a company or body corporate on which a need is imposed below Subdivision four commits an offence In case the officer or employee, with intent to defraud, results in or lets the company or physique corporate to are unsuccessful to comply with the need. (4) Anyone commits an offence if the individual— (a) in purported compliance having a prerequisite imposed on the individual beneath Subdivision four— (i) creates any history or doc that is fake or deceptive in a material specific; (ii) delivers any details or rationalization that is fake or misleading in a material particular; or (iii) suggests or states nearly anything that is fake or deceptive in a cloth distinct; and (b) understands that, or is reckless as to whether or not, the file or document, the data or explanation, or perhaps the thing mentioned or said, is fake or deceptive in a material distinct.