COMPANY UPDATES THAT MUST BE REPORTED WITHIN 15 DAYS

Every registered company must comply with the requirements of the Companies Ordinance. Also have to deliver statutory returns to the Registrar of Companies within prescribed time periods. Company updates are required to notify Company Registry within 15 days. While some company updates require report within 42 days.   What situation you should report within 15 days after …

WHAT DO YOU NEED FOR A SHARE TRANSFER?

What is a share transfer? A share transfer is the process of transferring existing shares from existing shareholders to new shareholders or third parties. The process can either be sale or gift and is a common exercise performed by Hong Kong companies with shares. The process mostly involves either adding new shareholders or changing the …

WHAT TO BE AWARE OF WHEN SIGNING A BANK CONFIRMATION?

What is a bank confirmation? Bank confirmation is the audit procedure. It allows to test the existence, accuracy and the ownership of banks account and bank balance of entity.  When needing a bank confirmation? Entrepreneurs need the confirmation during the interim audit rather than at the completion stage. The auditors review the bank balance and select some …