Companies Ordinance 2018: Keeping of Significant Controllers Register

Company (Amendment) Ordinance 2018, has been introduced since 1 March 2018. There are new requirements on the keeping of significant controllers registers by companies has come into operation. All registered Hong Kong Limited Companies are required to identify a person/ persons who has/ have significant control over the company and maintain a Significant Controllers Register, …

Obligation for Hong Kong Companies to Maintain Significant Controllers Register

Any Hong Kong incorporated companies are required to maintain a Register of Significant Controllers by taking reasonable steps to identify its significant controllers. From 1 March 2018, all Hong Kong incorporated companies, except for those companies that are listed on the Hong Kong Stock Exchange, are required to maintain a Register of Significant Controllers (the ‘SCR’), which …

Designated Representative of a Hong Kong Company

Other than identifying and keeping the Significant Controllers Register, the Hong Kong companies are also required to designated a representative for its company under the Companies Amendment Ordinance 2018.   According to the “Guideline on the Keeping of Significant Controllers Register“, Section 2.7 also pointed out a company must designate at lest one person as its representative …