What Does hong kong listing rules company secretary Mean?
What Does hong kong listing rules company secretary Mean?
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Segment fifty five of the predecessor Ordinance, as in pressure quickly ahead of its repeal, proceeds to apply to an increase in a company’ s share capital In the event the resolution authorizing the increase was handed ahead of the commencement day* of section 171. 28. Description of shares of different lessons
Portion 57A in the predecessor Ordinance, as in power immediately before its repeal, proceeds to apply to some share certification, prospectus or directors’ report issued ahead of the commencement date* of segment 179. 29. Variation of class rights: organizations aquiring a share funds
(three) In spite of subsection (two)— (a) a specified company may possibly enter into the transaction with only the prescribed acceptance of its members When the Keeping company is incorporated exterior Hong Kong; and (b) a specified company may perhaps enter to the transaction with just the prescribed approval of your holding company’s members whether it is a wholly owned subsidiary with the Keeping company, plus the Keeping company is incorporated in Hong Kong. Area: 503 Specified company must not enter into credit score transaction and many others. as creditor for director or related entity
Cap 622 - Providers Ordinance 290 (ii) a whole new Chinese name that consists of the Chinese people “公司註冊編號” as its prefix, accompanied by the registration number of the company as mentioned in the certification of incorporation. (three) The Registrar should enter The brand new identify in the businesses Sign-up instead of the former name. (four) The change of name has effect in the day on which The brand new name is entered in the Companies Sign-up. (5) Within just thirty times following the day of moving into the new name in the Companies Sign-up, the Registrar— (a) should notify the company in crafting of— (i) The point that the name from the company has long been changed; (ii) the new identify; and (iii) the day on which the change requires influence under subsection (three); and (b) need to publish a recognize of that fact, The brand new identify and that day inside the Gazette. (six) A change of title below this section would not influence any rights or obligations on the company or render defective any lawful proceedings by or towards it. Any authorized proceedings that might have been commenced or ongoing by or in opposition to it by its previous identify could be commenced or ongoing by or against it by its new title. Section: 773 Effect of restoration on bona vacantia property or proper L.N. 163 of 2013 03/03/2014 (1) The Government may possibly dispose of or or else take care of any residence or proper vested in it beneath area 752(one), or an interest in the home or proper, in the exact same way as it may get rid of or or else take care of every other residence or suitable vested in it as bona vacantia, Regardless that the company might be restored to the businesses Sign up below this Division or section 290 of the businesses (Winding Up and Miscellaneous Provisions) Ordinance (Cap 32).
Watch out not To combine up a “company secretary” with a “secretary” who may well only handle clerical duties. An formally appointed company secretary of a company plays a much more State-of-the-art part within the lawful routine maintenance of the company.
L.N. 163 of 2013 03/03/2014 (1) A registered non-Hong Kong company will have to produce a press release with the particulars of every specified demand created with the company on assets in Hong Kong on the company, along with a certified copy of your instrument (if any) making or evidencing the cost, for the Registrar for registration within the registration period specified in subsection (six)(a). (2) Where by— (a) a specified demand made by a registered non-Hong Kong company on property in Hong Kong on the company— (i) is given inside of a debenture forming Element of a collection by reference to some other instrument made up of the charge (whether or not also contained inside the debenture); or (ii) is contained inside a debenture forming part of a collection (but not specified inside the debenture by reference to any other instrument); and (b) each individual holder with the debentures in the collection is entitled equally to the benefit of the charge, the company is always to be viewed as owning complied with subsection (one) in relation to the required cost Should the company delivers a press release of your particulars on the demand, together with a Accredited duplicate of an instrument
L.N. 163 of 2013 03/03/2014 (one) This section applies to a company that may be an insurance provider and carries on lasting enterprise. (two) With the functions of this Component— (a) an quantity properly transferred into the statement of thorough profits on the company from the surplus inside the fund managed by it in regard of the long run company is usually to be considered to be a understood profit; and (b) a deficit in that fund is usually to be considered a recognized loss. (3) Subject matter to subsection (2), any financial gain or reduction arising within the company’s long lasting organization is usually to be disregarded with the applications of the Part. (four) Within this segment— (a) a reference to some surplus in a very fund taken care of by a company is really a reference to an excess of the belongings symbolizing the fund about the company’s liabilities attributable to its long run small business, as demonstrated by an actuarial investigation; and (b) a reference into a deficit in this type of fund is often a reference to an extra of those liabilities more than People belongings, as demonstrated by an actuarial investigation.
Cap 622 - Companies Ordinance 212 (a) may very well be sent into the company in challenging copy variety or in Digital kind; and (b) has to be authenticated by the member or by somebody performing about the member’s behalf.
6. An yearly return under portion 662(1) should also have the subsequent facts in regard of the non-public company— (a) an announcement that the company hasn't— (i) Because the date of the last return; or (ii) in the situation of a primary return, For the reason that day from the incorporation of the company, issued any invitation to the general public to subscribe for virtually any shares or debentures of your company; and (b) If your once-a-year return discloses The point that the volume of members with the company exceeds 50, an announcement that the excess is composed wholly of individuals who, beneath section 11(two), are excluded inside the calculation of the volume of members with the company. Part 3
Portion: 784 Charm against choice to provide discover L.N. 163 of 2013 03/03/2014 Within just three months right after staying served with a observe underneath portion 780(one)(b) for any corporate identify or for an accepted name in relation to your corporate title, a registered non-Hong Kong company may perhaps appeal to the executive Appeals Board towards the choice to serve the discover. Part: 785 Change of authorized title L.N. 163 of 2013 03/03/2014 (1) A registered non-Hong Kong company may well apply, in composing, into the Registrar for change of the approved title, in relation to your corporate identify, beneath which the company is to hold on enterprise in Hong Kong. (two) An software should be sent to the Registrar. (three) On obtaining an software for change of the permitted title, the Registrar ought to approve The brand new name Until contented which the new title— (a) is similar to or is just too like— (i) a name that appears, or should have appeared, inside the Index of Company Names; or (ii) the name of the system corporate incorporated or established below an Ordinance; or (b) gives so deceptive an indication of the character with the registered non-Hong Kong company’s pursuits in Hong Kong as to become likely to cause hurt to the general public. (4) If the Registrar approves a new title, the registered non-Hong Kong company could produce to your Registrar for registration a return, in the required kind, specifying the new title so approved. (five) On receiving a return, the Registrar will have to, Except glad that the new title laid out in it truly is the same as a reputation that appears, or ought to have appeared, inside the Index of Company Names— (a) enter the new identify in the businesses Register as the title, in relation towards the corporate identify, company formation companies house beneath which the registered non-Hong Kong company is to hold on enterprise in Hong Kong; (b) generate a Be aware in the Companies Sign-up into the outcome that there's a change of accredited title;
Area: 455 Nomination of reserve director of personal company L.N. 163 of 2013 03/03/2014 (1) If a private company has just one member Which member is the only real director of the company, the company may well by a resolution handed in a typical meeting, In spite of just about anything in its articles or blog posts, nominate a person (other than a physique corporate) who has attained the age of 18 a long time being a reserve director on the company to act while in the area of the only director from the celebration of the only real director’s Demise. (2) The nomination of an individual like a reserve director of a private company ceases to obtain impact if— (a) prior to the death of your director in regard of whom the person was nominated— (i) the individual resigns as reserve director in accordance with part 464; or (ii) the company at a basic meeting revokes the nomination; or (b) the director in regard of whom the person was nominated ceases to generally be the only member and sole director in the company for any motive aside from the Dying of that director.
(3) For that functions of the Plan— (a) a correct held by a person in a very fiduciary capability would be to be considered to be not currently being held by the individual; and (b) a proper held by anyone as nominee for another will be to be considered being held by that other. (4) For that functions of the Program, a proper will be to be considered getting held by someone as nominee for another if it is exercisable only about the Guidance, or Together with the consent, of that other. (5) For the reasons of the Program, a right attached to shares held by way of security is usually to be considered to be being held by the person offering the security— (a) if, besides in which the best is exercised for the goal of preserving the value of the safety or of
A Hong Kong company secretary is in charge of scheduling the company’s conferences. They go to and take part in board of administrators and shareholders’ meetings. They prepare a gathering agenda and also document meeting minutes.
Any lawful proceedings that could have been commenced or continued by or in opposition to it by its previous identify may very well be commenced or ongoing by or from it by its new title. (6) When the company contravenes subsection (two) the company, and each dependable human being with the company, commit an offence, and each is liable to a great at amount three and, in the case of a continuing offence, to a further fantastic of $three hundred for each day all through which the offence carries on. (7) Within this portion— former identify(前有名稱), in relation to your company restored to the Companies Sign-up below this Division, means the identify that the company experienced instantly before it absolutely was dissolved. Part: 771 Registrar could direct company to change same or very similar name etc.