(2) The Court docket may perhaps make any buy that it thinks in shape, including an order concerning costs. (3) Should the Court docket will make an purchase as to costs versus the Registrar below subsection (2), the costs are payable away from the general revenue, as well as the Registrar is not Individually responsible for the costs. Area: 38 Particular interval to get disregarded for calculating daily penalty for failure to provide document to Registrar

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In Hong Kong, specific responsibilities must be fulfilled for a fantastic small business establishment and administration to arise. Company secretaries are not just there to refill spaces, they've got core compliance duties to execute.

L.N. 163 of 2013 03/03/2014 (1) If a registered non-Hong Kong company is served using a see less than part 780(one) for your corporate name or for an accredited identify in relation to your corporate name, the company may possibly implement, in writing, to the Registrar for approval of another title, in relation for the corporate name, less than which the company is to carry on small business in Hong Kong. (two) An application need to be shipped to the Registrar. (3) On getting an software for acceptance of a name, the Registrar must approve the name Unless of course content the name— (a) is the same as or is simply too like— (i) a name that seems, or ought to have appeared, while in the Index of Company Names; or (ii) the title of a overall body corporate incorporated or set up under an Ordinance; or (b) provides so misleading an indication of the character in the registered non-Hong Kong company’s things to do in Hong Kong as to become more likely to cause harm to the public.

(two) In this particular segment— young children(子女) incorporates step-small children, illegitimate youngsters and kids adopted in any manner acknowledged through the regulation of Hong Kong; personnel share plan(僱員參股計劃) usually means a plan for encouraging or facilitating the Keeping of shares in the company by or for the advantage of— (a) individuals used or previously used in fantastic faith by that company or Yet another company in precisely the same group of firms; or (b) spouses, widows, widowers, or slight little ones of people referred to in paragraph (a); small youngsters(未成年子女) means little ones who're under eighteen years of age. Segment: 281 Exception for financial loans to workers L.N. 163 of 2013 03/03/2014 (one) Topic to portion 282, this Division will not prohibit the making by a company of financial loans to its suitable staff members for the purpose of enabling them to accumulate thoroughly paid shares from the company or its Keeping company to generally be held by them By means of beneficial ownership. (two) In this particular portion— child(子女) features a stage-youngster, an illegitimate youngster and a youngster adopted in almost any method acknowledged via the regulation of Hong Kong; suitable staff(合資格的僱員), in relation to your company, suggests persons used in good faith through the company, other than—

(two) With this Division, a reference to some earlier member of the company features the non-public consultant of a one that, instantly before the man or woman’s Dying, was a previous member in the company.

(one) To the reasons of this Agenda, a proper held by a subsidiary enterprise of A different endeavor is usually to be viewed as getting held by that other undertaking. (2) For your purposes of this Plan— (a) without having limiting paragraph (b), a appropriate that is definitely exercisable only in specific conditions is taken into account— (i) only if the circumstances have arisen and for As long as they carry on to exist; or (ii) only if the situations are within the Charge of the person obtaining the proper; and (b) a ideal that's Ordinarily exercisable but is briefly incapable of being exercised carries on for being taken under consideration.

Segment 46 of your predecessor Ordinance, as in drive right away prior to its repeal, carries on to use in relation to an settlement created in accordance with that area prior to the commencement date* of area 148 for any company to pay for Fee to someone in thing to consider of the person subscribing or agreeing to subscribe for shares in the company or procuring or agreeing to procure subscriptions. 22. Registration of transfer or refusal of registration

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(four) An purchase may provide that all costs of and incidental to the application are to get borne— (a) in the situation of the contravention through the company, because of the company or by any officer with the company responsible for the contravention; or (b) in the case of the contravention with the officer, by that officer. (5) This section doesn't impact the Procedure of any Ordinance imposing penalties with a company or any officer of a company in respect of your contravention. Portion: 899 Registrar may perhaps give observe to suspected offender about not instituting proceedings underneath specified situations

(three) If, in relation to an application to the purposes of subsection (two), a doc showing the rectification is sent to the Registrar for registration, the Registrar may well rectify the mistake by registering the document. Part: forty two Registrar should rectify information on Businesses Sign up on order of Court docket

(2) It really is immaterial how the shares or share cash are applied, irrespective of whether by being added to the purchase money of

(1) Segment 57 with the predecessor Ordinance, as in drive instantly ahead of its repeal, proceeds to use on the payment of fascination by a company Should the special resolution under paragraph (a) from the proviso to that segment formation company made simple authorizing the payment was passed before the repeal, despite in the event the sanction of your court docket for that payment is acquired. (two) Without the need of restricting subsection (1), the company may charge curiosity to capital in accordance with segment fifty seven with the predecessor Ordinance if— (a) fascination was paid by a company in accordance with that section right before its repeal, although not billed to money; or (b) curiosity is compensated by a company following the repeal in accordance by using a Exclusive resolution passed below paragraph (a) on the proviso to that section before the repeal, no matter once the sanction of the courtroom for the payment is received.

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