L.N. 163 of 2013 03/03/2014 (one) If it seems for the Registrar that the data contained in a very doc registered because of the Registrar in regard of the company is inconsistent with other data concerning the company on the businesses Sign-up, the Registrar may perhaps give recognize to your company— (a) stating in what regard the knowledge contained within the document seems to get inconsistent with other information on the businesses Sign-up; and (b) requiring the company to take steps to take care of the inconsistency. (2) For your functions of subsection (one)(b), the Registrar could require the company to provide to your Registrar within the period of time specified in the observe— (a) facts needed to take care of the inconsistency; or (b) proof that proceedings are commenced by the company from the Courtroom for the purpose of resolving the inconsistency and which the proceedings are increasingly being conducted diligently.

Remarks: Not nonetheless in Procedure Agenda 8, which includes amendments referring to paperless Keeping and transfer of shares and debentures, has outcome. Part: 909 Electricity to produce restrictions L.

(three) Inspite of subsection (2)— (a) a specified company may well enter into your transaction with only the prescribed acceptance of its users In the event the holding company is incorporated outside the house Hong Kong; and (b) a specified company might enter in to the transaction with only the prescribed approval from the Keeping company’s customers if it is an entirely owned subsidiary in the Keeping company, and the holding company is incorporated in Hong Kong. Segment: 503 Specified company have to not enter into credit rating transaction etcetera. as creditor for director or related entity

Most business people establish providers in Hong Kong mainly because of the favorable taxation procedure. On the other hand, it should be noted that Hong Kong corporations have to adhere to all tax rules. The company secretary sees to it the agency fulfills all tax obligations.

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Cap 622 - Companies Ordinance 183 (two) For your functions of the Division, a human body corporate is not to be regarded as a shadow director of any of its subsidiaries by rationale only that the administrators, or even a bulk of the administrators, on the subsidiary are accustomed to act in accordance with its directions or Recommendations. Area: 492 Body corporate managed by director L.N. 163 of 2013 03/03/2014 (1) With the functions of the Division, a entire body corporate is managed by a director if— (a) the director is entitled to workout, or control the training of, greater than fifty% from the voting electricity at any normal meeting of that entire body corporate; or (b) the administrators, or simply a vast majority of the directors, of that human body corporate are accustomed to act in accordance with the Instructions or instructions in the director. (2) In subsection (1), a reference to voting electricity the training of which is controlled by a director involves voting energy the exercise of that's managed by another entire body corporate If your director is entitled to exercise, or Manage the exercising of, much more than fifty% from the voting electrical power at any basic Assembly of that other human body corporate. Portion: 493 Quasi-loan L.N. 163 of 2013 03/03/2014 (1) For your needs of the Division, someone would make a quasiloan to the director or an entity related with a director if the person— (a) agrees to pay, or pays in any other case than pursuant to an arrangement, a sum to the director or connected entity— (i) on conditions that the director or related entity (or One more individual on behalf from the director or related entity) will reimburse the individual; or (ii) in situation offering increase into a liability about the director or connected entity to reimburse the person; or (b) agrees to reimburse, or reimburses if not than pursuant to an arrangement, expenditure incurred by Yet another particular person for your director or connected entity— (i) on terms which the director or linked entity (or Yet another individual on behalf from the director or connected entity) will reimburse the individual; or (ii) in situation providing rise to the legal responsibility about the director or linked entity to reimburse the person.

Cap 622 - Firms Ordinance 110 (three) For the purposes of the section, an instrument of transfer is Accredited by a company if it bears— (a) the words “certificate lodged”, or text to the exact same impact, in English or Chinese; and (b) underneath or adjacent to These words and phrases, the signature or initials of a person having the particular or obvious authority to certify transfers on behalf on the company. (4) Except the Opposite is proved, a signature or initials appearing on an instrument of transfer as talked about in subsection (three)(b) needs to be regarded— (a) as being the signature or initials of the person whose signature or initials they purport for being; and (b) as owning been put on the instrument by that human being or by another one who has the actual or evident authority to utilize the signature or initials for the goal of certifying transfers on behalf from the company. Area: 323 Challenge of debenture or certification for debenture inventory on transfer

L.N. 163 of 2013 03/03/2014 (1) If, each time a administrators’ report ready by the administrators of the company is permitted in accordance with segment 391, a permitted indemnity provision (regardless of whether produced by the company or or else) is in pressure for the good thing about one or more administrators in the company, the report need to state that the provision is in force. (two) If, at any time in the course of the fiscal 12 hong kong corporate secretary months to which a directors’ report ready by the administrators of the company relates, a permitted indemnity provision (no matter whether created by the company or or else) was in force for the good thing about one or more persons who were being then directors from the company, the report must condition which the provision was in drive. (three) If, every time a administrators’ report ready by the directors of a company is authorized in accordance with section 391, a permitted indemnity provision created by the company is in force for the good thing about one or more administrators of an associated company of your company, the report have to state the provision is in force.

Cap 622 - Companies Ordinance 27 (a) was built in fantastic religion and inside the ordinary course of the discharge of your secured individual’s duties; or (b) has occurred or arisen on account of any defect or breakdown within the service or any products useful for the service or for supplying the data. (3) Exactly where, with the applications of the Ordinance, a safeguarded particular person gives a service or facility via which documents may very well be shipped to the Registrar by electronic indicates, the protected human being will not be Individually responsible for any loss or destruction experienced by a consumer in the service or facility by rationale of the mistake or omission appearing in a very doc delivered to the Registrar by means of the service or facility if the mistake or omission— (a) was created in superior religion and inside the ordinary course with the discharge on the guarded person’s duties; or (b) has transpired or arisen because of any defect or breakdown within the service or facility or in almost any tools used for the service or facility. (four) The security given to a shielded individual by subsections (two) and (3) in regard of the error or omission isn't going to influence any legal responsibility of the Government in tort for the mistake or omission.

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Segment 317 applies to debentures or debenture stock allotted on or following the commencement date* of that area. 58. Issue of debenture or certificate for debenture stock on allotment