The new Companies Ordinance (Cap. 622) became effective on 3rd March 2014. The Companies Bill was passed by the Legislative Council in 2012 and rewrites the provisions relating to the operation of live companies in Hong Kong, replacing the old Companies Ordinance (Cap.32) in this respect.
The aim is to enhance corporate governance, ensure better regulation, facilitate business and modernise the law. With the repeal of those live companies-related provisions, the remaining provisions of the old Companies Ordinance (Cap. 32) deal mainly with company winding-up and insolvency and is renamed the "Companies (Winding Up and Miscellaneous Provisions) Ordinance". Various other legislation has been amended accordingly.
Previous newsletter have covered some aspects of the new Ordinance, including the new requirement that all private Hong Kong companies have a natural person as a director. Information on other aspects is available on request from Primasia Corporate Services Limited.
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Primasia will post the updates of Hong Kong and China from time to time. Follow us on our Website/ Blogger/ LinkedIn and stay tunned for our updates!
The aim is to enhance corporate governance, ensure better regulation, facilitate business and modernise the law. With the repeal of those live companies-related provisions, the remaining provisions of the old Companies Ordinance (Cap. 32) deal mainly with company winding-up and insolvency and is renamed the "Companies (Winding Up and Miscellaneous Provisions) Ordinance". Various other legislation has been amended accordingly.
Previous newsletter have covered some aspects of the new Ordinance, including the new requirement that all private Hong Kong companies have a natural person as a director. Information on other aspects is available on request from Primasia Corporate Services Limited.
***
Primasia will post the updates of Hong Kong and China from time to time. Follow us on our Website/ Blogger/ LinkedIn and stay tunned for our updates!
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Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email
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Follow us on:
Website: Primasia HK / Primasia China
LinkedIn: Primasia
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Primasia Corporate Services Limited
Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong
Please contact:
John Barclay -Email
Teresa Tam - Email
--------------------------
Follow us on:
Website: Primasia HK / Primasia China
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong
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