Examine This Report on company secretary course hong kong
Examine This Report on company secretary course hong kong
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Cap 622 - Providers Ordinance 350 realizing the security, it really is exercisable only in accordance with that particular person’s Guidelines; or (b) if— (i) the shares are held in connection with the granting of loans as A part of typical small business routines; and (ii) besides the place the proper is exercised for the objective of preserving the value of the security or of acknowledging the security, it really is exercisable only in that man or woman’s pursuits. (6) Subsections (3) and (5) do not need a right held by a guardian undertaking to get considered staying held by any of its subsidiary undertakings.
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(1) An software might be built underneath section 163 for your new share certificate no matter if the original certificate was shed just before, on or once the commencement day* of that segment, Except an application for the new certification experienced presently been created beneath segment 71A on the predecessor Ordinance before that commencement date*.
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Cap 622 - Organizations Ordinance 94 (Cap 32) (arrangement, when binding on creditors). Segment: 278 Principal goal exception L.N. 163 of 2013 03/03/2014 This Division will not prohibit a company from giving monetary assistance for the goal of the acquisition of a share while in the company or its holding company or for the purpose of lessening or discharging a legal responsibility incurred for these kinds of an acquisition if— (a) both— (i) the company’s principal purpose in supplying the guidance is just not to give it for the goal of the acquisition of the share while in the company or its holding company or for the goal of cutting down or discharging a liability incurred for this kind of an acquisition; or (ii) the giving of the guidance for the objective of the acquisition of a share during the company or its Keeping company or for the goal of cutting down or discharging a liability incurred for such an acquisition is simply an incidental A part of some larger function from the company; and (b) the guidance is offered in superior faith from the interests on the company. Section: 279 Exception for income lending companies L.N. 163 of 2013 03/03/2014 Subject matter to section 282, this Division won't prohibit the lending of money by a company inside the ordinary course of enterprise if the lending of money is a component of your regular small business from the company. Segment: 280 Exception for personnel share techniques L.N. 163 of 2013 03/03/2014 (one) Subject to area 282, this Division won't prohibit— (a) the supplying by a company, in excellent religion in the interests on the company, of monetary aid for your uses of the employee share plan; or (b) the giving of financial assistance by a company for your needs of, or in reference to, just about anything done from the company or Yet another company in precisely the same team hong kong listing rules company secretary of firms for that uses of enabling or facilitating transactions in shares during the company or its Keeping company between, and involving the acquisition of useful possession of those shares by— (i) folks used or formerly utilized in excellent faith by that company or An additional company in exactly the same team of providers; or (ii) spouses, widows, widowers, or minor young children of individuals referred to in subparagraph (i).
Cap 622 - Corporations Ordinance one hundred sixty (i) was charged Together with the duty of ensuring that subsection (1) was complied with; and (ii) was in a position to discharge that obligation; and (b) It's not necessarily a defence to establish which the financial statements or report was not in truth ready as demanded by this Ordinance. Portion: 430 Company need to send out copies of financial statements etc. to members prior to common meeting
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(2) An offence isn't committed under this section in relation to a discount of share funds by a company only mainly because a number of directors from the company dedicate an offence underneath part 207 in making a solvency
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(two) Almost nothing in this Subdivision affects any provision of a company’s posts authorizing the company to pass a resolution with no meeting, otherwise than in accordance with this Subdivision. (three) Subsection (two) applies only if the resolution is agreed to by each of the associates from the company who are entitled to vote over the resolution.
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