hong kong company secretary exam Secrets
hong kong company secretary exam Secrets
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(3) The Registrar have to enter The brand new name in the businesses Sign up instead of the previous title. (4) The change of identify has result from your day on which The brand new name is entered in the businesses Register. (five) In thirty times once the day of entering the new title in the businesses Sign up, the Registrar— (a) ought to by see in writing notify the company of— (i) The reality that a name in the company has actually been changed; (ii) the new identify; and (iii) the day on which the change usually takes outcome under subsection (4); and (b) must by discover during the Gazette notify that reality, the new name Which date. (six) A change of name less than this area would not influence any rights or obligations of your company or render faulty any legal proceedings by or against it. Any lawful proceedings that might have been commenced or continued by or versus it by its previous name could possibly be commenced or continued by or in opposition to it by its new name.
2. On the extent needed for an comprehension of the event, performance or position on the company’s small business, a business assessment ought to include— (a) an Evaluation applying money crucial effectiveness indicators; (b) a dialogue on— (i) the company’s environmental insurance policies and performance; and (ii) the company’s compliance With all the suitable regulations and laws that have an important impact on the company; and
(two) Matter to subsection (three) and every other provisions of the Ordinance, a company may perhaps only change its article content by special resolution. (three) An alteration in posts to the maximum quantity of shares the company may possibly issue may very well be made by common resolution. (4) Matter to this Ordinance, an alteration made in accordance with this particular section is as valid as In case the alteration ended up originally contained inside the article content. (5) Inside fifteen times following the day on which an alteration usually takes outcome, the company have to supply into the Registrar for registration— (a) a observe with the alteration in the desired variety; and (b) a copy, Qualified by an officer of the company as proper, with the posts as altered. (six) If a company contravenes subsection (5), the company, and each dependable individual of your company, dedicate an offence, and every is liable into a fantastic at amount three and, in the situation of the continuing offence, to an extra fine of $300 for each day in the course of which the offence continues. Part: 89 Alteration of company’s objects L.N. 163 of 2013 03/03/2014 (1) This area applies to an alteration of the objects of a company as said from the company’s articles. (2) The company may well, by Specific resolution of which discover has long been specified to all the associates of your company (like members that are not entitled to these types of see under the company’s content articles), alter the objects by— (a) abandoning or limiting any in the objects; or (b) adopting any new item that would lawfully are actually contained— (i) in the case of the company formed and registered underneath this Ordinance, within the company’s posts once the articles or blog posts have been registered; or
(1) An present company needn't comply with any provision of this Ordinance necessitating the company’s sign up of company secretaries to consist of particulars additional to those required from the predecessor Ordinance right up until— (a) the day to which the company makes up its very first once-a-year return made around a date on or once the commencement date* of segment 650; or (b) Should the company fails to take action, the final date to which the company ought to have manufactured up that return. (2) Unless of course the prevailing company is really a company formed and registered underneath a provision of the predecessor Ordinance using a continuing result beneath this Routine or by advantage of portion 23 in the Interpretation and Normal Clauses Ordinance (Cap one), subsection (one) won't implement in relation to the company secretary of whom particulars are initially registered on or after the commencement day* of segment 650 (if the company secretary was appointed ahead of, on or after that day).
N. 163 of 2013 03/03/2014 (1) The certification by a company of the instrument of transfer of shares inside the company— (a) is usually a representation through the company to anyone acting to the religion on the certification that files are produced on the company that evidence title to your shares from the transferor named from the instrument; and (b) is just not a representation the transferor has any title to the shares. (two) If someone functions around the faith of a Wrong certification by a company produced negligently, the company is under the very same legal responsibility to the person as When the certification had been manufactured fraudulently. (three) For the reasons of the section, an instrument of transfer is Accredited by a company if it bears— (a) the words “certification lodged”, or terms to the same result, in English or Chinese; and (b) underneath or adjacent to Individuals phrases, the signature or initials of someone having the actual or evident authority to certify transfers on behalf in the company. (four) Unless the contrary is proved, a signature or initials showing up on an instrument of transfer as referred to in subsection (3)(b) must be regarded— (a) since the signature or initials of the individual whose signature or initials they purport to get; and (b) as acquiring been placed on the instrument by that man or woman or by Yet another one that has the actual or evident authority to make use of the signature or initials for the goal of certifying transfers on behalf in the company. Section: one hundred fifty five Challenge of share certification on transfer L.N. 163 of 2013 03/03/2014 (one) Within the period specified in subsection (2), a company will have to complete the certificates for any of its shares which have been transferred and also have the certificates ready for delivery. (2) The interval is— (a) for A non-public company, two months after the working day on which the transfer is lodged With all the company;
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(1) This area applies to a demand if— (a) just before section eighty two with the predecessor Ordinance was repealed, a non-Hong Kong company registered beneath Part XI from the predecessor Ordinance acquired any assets subject matter into the charge; and
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(2) During this Division— (a) a reference to somebody incurring a liability contains the individual changing their economical place by making an arrangement or arrangement (no matter if enforceable or unenforceable, and no matter whether produced on the individual’s very own account or with any other man or woman) or by almost every other means; and
Cap 622 - Corporations Ordinance 111 adequate proof from the grant of probate of the will or letters of administration of a deceased individual the output to your company of a document that's by legislation adequate proof of that grant. Segment: 326 Sort of register of holders of debentures saved underneath instrument made by company
(four) If an officer of a company or an individual on behalf of the company works by using, or authorizes the use of, a seal that purports to be the company’s prevalent seal and that contravenes subsection (two), the officer or particular person commits an offence and it is liable to the great at stage 3. Section: 125 Formal seal to be used abroad L.N. 163 of 2013 03/03/2014 (one) A company with a typical seal could have an official seal to be used outdoors Hong Kong. (two) These types of an Formal seal has to be a reproduction on the company’s popular seal, but have engraved on it in legible variety the title of every put the place it is company formation in bahrain actually for use. (3) A company using an official seal to be used in an area could, by producing beneath its frequent seal, authorize anyone appointed for that reason to affix, in that area, the official seal to any deed or another document to which the company is a celebration. (four) As among a company and any person handling an executing agent of the company, the authority with the agent continues— (a) Should the authorization mentions a time period all through which the authority is to continue, right up until the top from the period of time; or (b) if the authorization won't mention this type of time period, right until a observe of revocation or termination of the agent’s authority has actually been specified to the person. (five) The person affixing an Formal seal must, around the deed or other document to which the seal is affixed, certify in crafting the day on which, along with the area at which, the seal is so affixed. (six) A deed or other doc to which an Formal seal is affixed binds the company like it had been executed beneath the company’s popular seal. (seven) With this part—
(two) The Court docket may possibly ease the specified particular person, possibly wholly or partly, through the legal responsibility on any terms which the Court thinks suit. (three) If the situation is tried by a decide by using a jury, the decide may perhaps— (a) withdraw the situation in whole or in part through the jury; and (b) direct judgment to become entered for the required human being on the conditions regarding costs or normally the judge thinks fit.
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On and after the commencement date* of segment 648, a sign-up of directors and secretaries saved by a company