A Secret Weapon For hong kong listing rules company secretary
A Secret Weapon For hong kong listing rules company secretary
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Cap 622 - Corporations Ordinance 103 (four) The payment is— (a) a payment created by the company in respect from the obtain-back by the company of shares in alone (apart from a payment lawfully created in any other case than outside of distributable profits); or (b) a payment produced by the company of any description laid out in portion 257(five) (besides a payment lawfully made or else than away from distributable gains). (5) With this portion— liabilities(負債) has the indicating provided by section 274(1); Internet property(淨資產), in relation to the company that offers any money help, suggests the quantity by which the mixture of your company’s belongings exceeds the aggregate of its liabilities (using the level of both of those property and liabilities to be as said within the company’s accounting records quickly ahead of the money help is given); Web liabilities(淨負債), in relation to some company that offers any money help, usually means the amount by which the aggregate from the company’s liabilities exceeds the combination of its property (having the level of equally belongings and liabilities being as stated inside the company’s accounting documents right away ahead of the money assistance is provided).
L.N. 163 of 2013 03/03/2014 (one) The Registrar should make the Companies Sign-up obtainable for community inspection in any respect reasonable occasions in order to permit any member of the general public— (a) to confirm whether the member of the general public is coping with— (i) a company to which this subsection applies, or its administrators or other officers, in issues of or linked with any act on the company; (ii) a director or other officers of such a company in issues of or connected With all the administration of the company, or of its house; (iii) someone in opposition to whom a disqualification order has become created by a courtroom;
You are able to do this by searching their name during the TCSP Registry (Notice: some vendors might use trade names, so You may have to ask for their licence number to search).
(1) For the purposes of this Ordinance, an undertaking is a subsidiary undertaking of An additional undertaking if that other undertaking is usually a parent enterprise of it. (two) To the uses of this Ordinance, an undertaking is also a subsidiary enterprise of another undertaking if a parent enterprise of It's really a subsidiary enterprise of that other endeavor.
A observe that was served underneath part 337B in the predecessor Ordinance, as in pressure right away before its repeal, and which was in drive instantly prior to the commencement day of Division 4 of Element sixteen, carries on in power and it has outcome like it had been a observe served underneath segment 780. 136. Observe of cessation of location of business in Hong Kong
(three) If a discover is distributed to anyone under subsection (2) with respect to some document, the time period specified in subsection (4) is usually to be disregarded for the goal of calculating the day by day penalty under an Ordinance that makes it an offence for failing to adjust to a requirement to provide the doc Which imposes a penalty for day after day throughout which the offence continues. (4) The period is one commencing on the day on which the document was sent to the Registrar and ending While using the fourteenth day following the date on which the detect is shipped below subsection (2). Part: Division: 2 five Registrar’s Powers in relation to Maintaining Corporations Register
With the functions in the Procedure of this Ordinance on and following the commencement date* of part 135 in relation to your share issued prior to that commencement day*— (a) the quantity paid to the share will be the sum of all amounts compensated for the company Anytime for the share; and (b) the quantity remaining unpaid on the share would be the distinction between the issue price of the share and the amount compensated on the share. 37. Treatment method of share quality account and cash redemption reserve
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(four) An get may offer that all costs of and incidental to the appliance are for being borne— (a) in the situation of a contravention via the company, by the company or by any officer of your company formation company jewellery liable for the contravention; or (b) in the case of the contravention by the officer, by that officer. (five) This section isn't going to have an impact on the operation of any Ordinance imposing penalties on a company or any officer of a company in regard in the contravention. Area: 899 Registrar may well give recognize to suspected offender about not instituting proceedings under certain problems
(5) In a variation of course rights Assembly, any member existing in particular person or by proxy may perhaps need a poll. (six) To the applications of the segment— (a) any Modification of the provision inside a company’s article content for your variation with the rights of a class of associates, or maybe the insertion of such a provision to the article content, is itself to get considered to be a variation of Individuals rights; and (b) a reference to your variation of the rights of a class of associates involves the abrogation of All those legal rights.
(2) It is immaterial how the shares or share cash are utilized, whether by becoming extra to the purchase dollars of
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(seven) In subsection (five)— projected sum(預計款項), in relation to some depreciation of a hard and fast asset, signifies a sum that would are already penned off or retained for depreciation In the event the revaluation with the asset experienced not been made. (8) To the uses of the section, an asset of a company is always to be viewed as a hard and fast asset if it is meant to be used during the company’s actions, or normally to be held for the purpose of the company’s routines, on the continuing basis. Area: 293 Specified total concerning insurance coverage company with long lasting organization to get viewed as recognized income or reduction