hong kong company secretary exam Secrets
hong kong company secretary exam Secrets
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The economical statements to get a economic yr have to point out— (a) whether or not they are geared up in accordance Together with the applicable accounting benchmarks inside the meaning of portion 380; and (b) if they have got not been so ready, the particulars of, and The explanations for, any material departure from People requirements. Aspect 2
Cap 622 - Companies Ordinance 137 Part: 371 Alteration of accounting reference day L.N. 163 of 2013 03/03/2014 (one) The directors of a company might specify a new accounting reference date in relation to— (a) the company’s existing accounting reference period of time and every subsequent accounting reference interval; or (b) the company’s past accounting reference time period and each subsequent accounting reference period of time. (two) If the administrators of a public company or perhaps a company minimal by guarantee specify a different accounting reference day under subsection (1), the company need to, in just fifteen times once the day of the administrators’ resolution specifying The brand new accounting reference day, produce a see, in the desired variety, of that new day for the Registrar for registration. (three) A administrators’ resolution by which a fresh accounting reference date is specified, and a recognize of that new date shipped to the Registrar, must state— (a) whether or not The existing or earlier accounting reference period of time anxious would be to be shortened, so as to conclude on the primary celebration on which The brand new accounting reference date falls or fell right after the start of that interval; or (b) whether or not the current or preceding accounting reference time period involved is usually to be extended, in order to conclusion on the next occasion on which The brand new accounting reference date falls or fell soon after the beginning of that time period. (four) The administrators of a company have to not specify a fresh accounting reference day in relation into the past accounting reference period of time if— (a) the time period for laying ahead of the company generally speaking Conference below segment 429 a replica on the reporting files to the monetary yr determined by reference to that accounting reference period has expired; or (b) the interval for sending a copy from the reporting documents for that economical 12 months to the customers less than area 430(three) has expired.
Examples— 1. A company may perhaps extinguish or decrease the liability on any of its shares in regard of share money not paid out up. two. A company might, possibly with or without the need of extinguishing or minimizing legal responsibility on any of its shares— (a) terminate any paid out-up share money that is dropped or unrepresented by out there assets; or (b) repay any compensated-up share money in excessive from the company’s desires. (two) However, a company have to not reduce its share capital if, because of the reduction, there would no more be any member of your company Keeping shares apart from redeemable shares. (three) This Division is issue to any provision of a company’s articles or blog posts that prohibits or restricts the reduction with the company’s share funds. Portion: 211 Process for the company to lessen its share funds L.N. 163 of 2013 03/03/2014 The procedure to get a company to reduce its share capital under this Division is— (a) by Unique resolution supported by a solvency statement underneath Subdivision two; or (b) by Distinctive resolution verified from the Court below Subdivision 3. Area: 212 Offence if share funds is lessened in contravention of Division
Cap 622 - Firms Ordinance ninety three (b) a reference to the company offering financial assistance for the goal of cutting down or discharging a liability incurred by somebody for the goal of the acquisition of shares incorporates the company offering financial assistance for the objective of wholly or partly restoring the individual’s financial placement to what it absolutely was before the acquisition passed off.
Cap 622 - Corporations Ordinance 318 (three) Issue to anything at all from the company’s article content, anything to become agreed or specified through the holders to the applications of the Division must be agreed or specified by each of the joint holders. Part: 836 Demise or individual bankruptcy of holder of shares L.N. 163 of 2013 03/03/2014 (one) This portion applies if— (a) a provision of the Ordinance authorizes or requires a document or information to become sent or supplied by a company into the holders of its shares; and (b) a holder of your shares is useless or bankrupt. (two) Subject matter to just about anything during the company’s articles, the doc or facts is shipped or provided to that holder for your functions of the provision if the doc or information and facts— (a) is shipped or provided towards the persons claiming to generally be entitled to your shares in consequence with the death or individual bankruptcy by title, or through the title of representatives in the deceased, or trustee of the bankrupt, or by any like description, within the tackle inside of Hong Kong equipped to the goal from the people so professing; or (b) till such an handle has become so supplied, is distributed or equipped in any fashion through which it might have been despatched or supplied In case the death or individual bankruptcy had not transpired.
Get to grasp the supplier who'll be assisting manage a company. A lot of professionalism and working experience is essential. How to examine and Evaluate? Deliver the exact same email requesting estimate and increasing any queries as essential to a variety of providers and find out who responds in an entire and timely way.
L.N. 163 of 2013 03/03/2014 (one) Without the prescribed approval of its users, a specified company ought to not— (a) create a loan or quasi-loan to an entity related using a director from the company; or (b) provide a ensure or provide protection in connection with a personal loan or quasi-financial loan made by anyone to an entity connected with such a director. (two) With no prescribed approval of its customers as well as the prescribed acceptance in the holding company’s users, a specified company need to not— (a) make a bank loan or quasi-personal loan to an entity linked which has a director of a Keeping company of the company; or (b) give a assurance or supply protection in connection with a personal loan or quasi-bank loan made by anyone to an entity connected with this type of director.
A Hong Kong company secretary must retain any papers important for presidency examination if essential. They maintain the company’s statutory documentation and update the files if their information changes.
Portion 57C in the predecessor Ordinance, as in pressure straight away just before its repeal, proceeds to use to shares purportedly issued or allotted prior to the commencement date* of portion 146. 21. Permitted commissions
Within this Division— continuing provision (續用條文) implies a provision on the predecessor Ordinance that features a continuing impact underneath this Agenda. 36. References to amount paid on shares issued in advance of commencement day* of part a hundred thirty five
(2) The document or information and facts is shipped or provided to that other person with the reasons of an relevant provision In the event the doc or information and facts is shipped or provided— (a) by hand to that other particular person; or (b) by hand or by submit to an address specified in portion 825. (3) For your purposes of an applicable provision that authorizes or involves the document or data to be authenticated, the document or facts is adequately authenticated if it is signed by company formation services a director or company secretary with the company or by an officer on the company licensed for that intent. (four) If the doc or info is shipped or provided by someone on behalf of the company to another company, subsection (three) will not have an effect on any provision of that other company’s content underneath which that other company may well have to have sensible proof of the person’s authority to act on behalf with the company for which the doc or information and facts is distributed or equipped. (5) Should the doc or information and facts is sent or provided to that other individual for that needs of the applicable provision, it is to be considered being acquired by that other individual— (a) exactly where the doc or information and facts is distributed or provided by post, at enough time specified in segment 824, unless the contrary is proved; or (b) where by the document or data is sent or supplied by hand, at enough time when the document or information is sent. Section: 833 Interaction by means of Web site L.N. 163 of 2013 03/03/2014 (1) Matter to subsection (2), this section applies if a document or info is distributed or equipped by a company to a different individual by which makes it out there on a web site. (two) This part will not apply Should the doc or information is sent or supplied by a member of the company on the company. (3) The document or details is sent or equipped to that other human being for the functions of an applicable provision if— (a) that other man or woman— (i) has agreed, normally or especially, which the document or details may be sent or equipped with the
(two) It is actually immaterial how the shares or share capital are applied, no matter if by being additional to the purchase funds of
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Section 317 applies to debentures or debenture stock allotted on or after the commencement date* of that section. fifty eight. Difficulty of debenture or certification for debenture inventory on allotment