5 Simple Statements About company secretary accountant hong kong Explained

The monetary statements for a economical 12 months should state— (a) whether they are already organized in accordance Using the relevant accounting expectations within the which means of section 380; and (b) if they have not been so geared up, the particulars of, and the reasons for, any content departure from People criteria. Section 2

(2) The Registrar may do the act, or cause the act to be done, as the company’s or even the liquidator’s or provisional liquidator’s representative. (3) The Registrar might execute or indicator any suitable instrument or doc, introducing a memorandum stating which the Registrar has finished so as being the company’s or the liquidator’s or provisional liquidator’s consultant. (four) An instrument or doc executed or signed by the Registrar under subsection (3) has a similar influence as If your company, if however current, experienced executed the instrument or doc. Portion: 758 Former director ought to keep dissolved company’s textbooks and papers for 6 many years

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Portion 162B with the predecessor Ordinance, as in power immediately just before its repeal, proceeds to apply in relation into a deal laid out in that section and entered into prior to the commencement day* of segment 545. Portion twelve

(3) On the other hand, each member may only ask for the company to flow into just one such statement with regard into the resolution. Portion: 552 Company’s duty to flow into composed resolution proposed by associates

(1) Other than the place the company is a private company having a share funds, In case the economic 12 months (as defined in portion 2(one) with the predecessor Ordinance) in the company begins prior to the commencement day* of part 662 and finishes on or following that date— (a) sections 107 and 109 with the predecessor Ordinance, as in pressure instantly before their repeal, carry on to apply in relation for the company for that fiscal year; and (b) area 662 applies in relation towards the company for the very first monetary calendar year that begins on or after that commencement day* and all subsequent money yrs.

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(two) If a company’s auditor is with the opinion that the data inside a administrators’ report for your fiscal yr is just not in line with the economic statements for your monetary year, the auditor— (a) ought to state that viewpoint while in the auditor’s report; and (b) may perhaps provide that view for the customers’ consideration in a standard Conference.

Cap 622 - Providers Ordinance 332 (4) A person commits an offence if the individual— (a) in purported compliance having a need imposed on the individual below area 873— (i) provides any history or doc that is fake or deceptive in a cloth specific; or (ii) offers any details or rationalization that is fake or misleading in a cloth unique; and (b) recognizes that, or is reckless as to if, the file or document, or the knowledge or rationalization, is fake or deceptive in a cloth certain. (5) A person commits an offence if the individual, with intent to defraud, in purported compliance with a prerequisite imposed on the person under portion 873— (a) produces any document or doc that is false or deceptive in a fabric certain; or (b) supplies any data or clarification that is fake or misleading in a cloth distinct. (6) An officer or staff of the system corporate on which a requirement is imposed less than part 873 commits an offence If your officer or personnel, with intent to defraud, results in or lets your body corporate to, in purported compliance Together with the need— (a) generate any record or doc that is false or misleading in a fabric specific; or (b) present any facts or explanation that is false or deceptive in a fabric individual. (7) An individual is not really excused from complying using a necessity imposed on the individual beneath section 873 only on the ground that to do so could are likely to incriminate the individual. (eight) A person who commits an offence beneath subsection (1) is liable— (a) on conviction on indictment to the great of $150000 and to imprisonment for one particular calendar year; or (b) on summary conviction to your fine at level 5 and to imprisonment for 6 months. (nine) A one that commits an offence under subsection (2), (3), (5) or (six) is liable— (a) on conviction on indictment into a fine of $1000000 and to imprisonment for 3 several years; or (b) on summary conviction to the fine at level six also to imprisonment for six months.

(2) Any surplus of the worth of the fairness shares obtained or cancelled under the arrangement around the subscribed funds of the other company attributable to those shares might be disregarded when recording as share funds on the issuing company the amount of thing to consider for the issue via the issuing company of its shares. For that reason, the minimal quantity of thought needed to be recorded as share capital on the issuing company in regard from the shares issued beneath the arrangement will be the subscribed funds of one other company attributable to your fairness shares obtained or cancelled. (3) If the arrangement also delivers for the issue of any shares during the issuing company on phrases which the consideration for the people shares is to be provided— (a) by the issue or transfer to your issuing company of nonequity shares in the opposite company; or (b) via the cancellation of any non-equity shares in one other company not held from the issuing company, any extra of the value on the non-equity shares obtained or cancelled underneath the arrangement about the subscribed capital of another company attributable to Individuals shares may very well be disregarded when recording as share capital of the issuing company the amount of thing to consider for The difficulty by the issuing company of its shares. (4) This section doesn't utilize within a scenario falling inside of section 195. Segment: 197 Merger aid: this means of ninety% fairness holding L.N. 163 of 2013 03/03/2014 (1) This portion has impact in analyzing, for your functions of part 196, no matter whether a company (company A) has secured at least a ninety% equity holding in another company (company B) under an arrangement pointed out in portion 196(one).

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L.N. 163 of 2013 03/03/2014 (one) If the Registrar has affordable result in to believe that a registered non-Hong company formation charges Kong company has ceased to have a location of enterprise in Hong Kong, the Registrar may possibly ship on the company by article a letter inquiring if the company has ceased to have a location of enterprise in Hong Kong. (two) A letter should be resolved— (a) to a certified agent of your registered non-Hong Kong company whose essential aspects are revealed in the Companies Sign up; or (b) if no essential specifics of licensed representatives with the company are proven in the Companies Register, to anyplace of business enterprise recognized by the company in Hong Kong.

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(three) Neither subsection (1) nor subsection (2) operates to treat a private supply of shares or debentures, or a private invitation to subscribe for shares or debentures, as an offer or invitation made to the general public. (four) In particular— (a) a provision inside of a company’s content articles prohibiting invitations to the public to subscribe for shares or debentures is never to be considered prohibiting A non-public invitation to subscribe for shares or debentures to generally be manufactured to customers or debenture holders; and (b) the provisions of this Ordinance associated with private corporations are being construed appropriately. (five) In this particular portion, a proposal of shares or debentures, or an invite to subscribe for shares or debentures, is A non-public