New Step by Step Map For hong kong company secretary license
New Step by Step Map For hong kong company secretary license
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(one) For that needs of the Ordinance, an undertaking is usually a parent endeavor of Yet another undertaking if— (a) in which the two undertakings are bodies corporate, it is a Keeping company of that other undertaking; or (b) in any other scenario— (i) it retains a bulk in the voting rights in that other endeavor; (ii) It's really a member of that other enterprise and has the right to appoint or take away a majority of that other enterprise’s board of administrators; or (iii) This is a member of that other undertaking and controls on your own, pursuant to an agreement with other shareholders or users, a majority with the voting rights in that other undertaking.
Remarks: Not however in operation Agenda eight, which contains amendments relating to paperless holding and transfer of shares and debentures, has result. Area: 909 Energy for making regulations L.
You can do this by searching their identify during the TCSP Registry (Notice: some vendors may possibly use trade names, so You may have to question for their licence selection to search).
(1) For that uses of the Ordinance, an endeavor can be a subsidiary undertaking of One more enterprise if that other enterprise is often a mother or father enterprise of it. (two) With the needs of the Ordinance, an undertaking is additionally a subsidiary endeavor of One more endeavor if a mum or dad endeavor of This is a subsidiary undertaking of that other enterprise.
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(2) With this Division, a reference to some previous member of the company includes the private consultant of a individual who, immediately prior to the person’s Dying, was a earlier member with the company.
Cap 622 - Providers Ordinance 369 directors. (3) A reference to share top quality is really a reference to any residual share cash in relation to the share. (four) A reference to some ideal to the return of cash over a share is actually a reference to some right to the return of capital of a worth equal to the quantity paid in regard of the nominal worth of the share. (five) A reference to some distribution within a winding up in proportion for the capital compensated up on the share is usually a reference into a distribution inside a winding up in proportion to the quantity paid in respect of your nominal value of the share. (6) A reference on the combination par or nominal worth of the company’s issued share cash is actually a reference to that combination because it existed promptly ahead of the commencement day* of section one hundred thirty five and— (a) increased to just take account of the nominal value of any shares issued on or following that commencement date*; and (b) diminished to take account in the nominal worth of any shares cancelled on or following that commencement day*.
L.N. 163 of 2013 03/03/2014 (1) The Registrar could by observe in creating direct a company to change, throughout the interval laid out in the see, a reputation beneath which the company is restored to the businesses Sign-up beneath this Division if— (a) the title is, as at time from the restoration, the same as or within the Registrar’s viewpoint as well like a identify that appeared or should have appeared during the index of names saved underneath area 22C on the predecessor Ordinance or while in the Index of Company Names; or (b) the name is, as at the time of the restoration, similar to or while in the Registrar’s view too similar to a title of the overall body corporate incorporated or set up under an Ordinance.
L.N. 163 of 2013 03/03/2014 (1) The Registrar may possibly serve a see on the registered non-Hong Kong company if satisfied that a corporate title or approved title of the company— (a) is the same as or is simply too like— (i) a reputation that appears, or should have appeared, within the index of names kept under part 22C of your predecessor Ordinance or from the Index of Company Names on the material day; or (ii) the identify of the entire body corporate incorporated or founded under an Ordinance ahead of the material day; or (b) gives so deceptive a sign of the character with the company’s pursuits in Hong Kong as to be very likely to lead to harm to the general public.
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Segment: 469 Permitted indemnity provision L.N. 163 of 2013 03/03/2014 (one) Part 468(three) doesn't use to the provision for indemnity towards legal responsibility incurred through the director to some third party If your requirements laid out in subsection (2) are met in relation for formation company in belize the provision. (2) The provision ought to not deliver any indemnity versus— (a) any liability with the director to pay for— (i) a fine imposed in felony proceedings; or (ii) a sum payable By means of a penalty in respect of non-compliance with any need of a regulatory mother nature; or (b) any liability incurred through the director— (i) in defending legal proceedings in which the director is convicted; (ii) in defending civil proceedings brought via the company, or an linked company in the company, in which judgment is supplied versus the director; (iii) in defending civil proceedings brought on behalf on the company by a member of the company or of an associated company on the company, by which judgment is offered against the director; (iv) in defending civil proceedings introduced on behalf of an involved company from the company by a member of the related company or by a member of an associated company on the affiliated company, by which judgment is specified towards the director; or (v) in reference to an application for aid underneath portion 358 in the predecessor Ordinance or part 903 or 904 wherein the Court docket refuses to grant the director relief. (three) A reference in subsection (2)(b) to your conviction, judgment or refusal of aid will be to the final final decision from the proceedings.
Cap 622 - Providers Ordinance sixty eight company. Segment: 195 Team reconstruction reduction L.N. 163 of 2013 03/03/2014 (one) This portion applies if an issuing company— (a) is an entirely owned subsidiary of A different company (the Keeping company); and (b) issues shares— (i) on the Keeping company; or (ii) to a different wholly owned subsidiary with the holding company, in consideration for your transfer to your issuing company of non-cash assets of a company (the transferor company) that is a member in the group of firms that comprises the holding company and all its wholly owned subsidiaries. (2) Any surplus of the worth with the property transferred over their net foundation benefit might be disregarded when recording as share capital of the issuing company the level of consideration for The difficulty by the issuing company of its shares. Therefore, the minimum amount of consideration needed to be recorded as share cash with the issuing company in respect in the shares issued for your transfer is The online base worth of the assets transferred. (three) The online base worth of the assets transferred is the amount by which The bottom value of the property transferred exceeds The bottom value of any liabilities with the transferor company assumed through the issuing company as thing to consider for your belongings transferred. (4) For that functions of this portion— (a) the base worth of belongings transferred will be the lesser of— (i) the cost of All those assets on the transferor company; (ii) the quantity at which All those belongings are said in the transferor company’ s accounting data immediately before the transfer; (b) the base worth of liabilities assumed is the quantity at which They may be said in the transferor company’s accounting information promptly ahead of the transfer. Portion: 196 Merger aid L.N. 163 of 2013 03/03/2014 (one) This portion applies if an issuing company has secured a minimum of a 90% equity holding in One more company underneath an arrangement furnishing for the issue of equity shares inside the issuing company on phrases the thought to the shares issued should be to be provided— (a) by The difficulty or transfer to the issuing company of equity shares in the other company; or (b) from the cancellation of any fairness shares in one other company not held via the issuing company.
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