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What’s New? Starting from 28th April 2023, the Companies (Amendment) Ordinance 2023 (the “Amendment Ordinance”) came into operation in Hong Kong. The Companies Registry (CR)accepts holding an annual general meeting (AGM) or general meeting (GM) in virtual methods. members of Hong Kong Companies will no longer need to show up in person to attend the …
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To enhance protection of sensitive personal information, while keeping up the transparency and usefulness of the Register. The Companies Ordinance (Cap. 622) is carrying out in 3 phrases from August 2021 through end of 2023. Only Specified person can access the protected information. Where are we now? The Registry of Hong Kong is now preparing …
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Hong Kong Local registered companies must comply with the requirements of the Companies Ordinance (Chapter 622, Law of Hong Kong). And deliver statutory returns to the Registrar of Companies within prescribed time periods including: What you have to do? Business registration and its renewal are statutory requirements under the Business Registration (Chapter 310 of the …
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Previously, Centre O talked about what is stamp duty and how to submit the stamp duty. In this blog, Centre O is going to talk about the duty rates, penalty and show you how to calculate the stamp duty. Duty Rates Stamp duty on tenancy agreements is calculated at rates. And the rate is vary …
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Under the Companies Registry, the Companies Ordinance (Cap. 622) (“CO”) provided for a new inspection regime for personal data on the Companies Register (“the Register”) In the past, the general public supposed to have the right to access the Companies Registry information. For instance, the director’s usual address and full identification numbers, full identification numbers …
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Further the new inspection regime for the Company Register. Phase 1 of a new inspection regime of the Companies Register under the Companies Ordinance (Cap. 622) commenced on 23 August 2021. Then Phase 2 will commence on 24th October 2022. What will Phase 2 of the new inspection regime cover? Under Phase 2 of the …
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Under the Mandatory Provident Fund (MPF) Legislation, you can’t withdrawal MPF until you are 65-year-old. However, you can withdraw your MPF earlier under below circumstances: Early Retirement Withdrawal If you are reaching age 60 and no more employment. Then you have to make a statutory declaration that you have no intention of becoming employed or …
Share Transfers Share Transfers happens in any businesses, your Company Secretary or Agent will prepare a Contract Notes. The Contract Notes are required to be executed and stamped within a timeframe. What’s within the Contract Note for a share transfer? According to the Stamp Duty Ordinance (Cap. 17), the contract note should contain the following …
Previously, Centre O have talked about the circumstances for Early Withdrawal of MPF. Let us recap the scenarios: Early Retirement Permanent Departure from Hong Kong Total Incapacity Terminal Illness Small Balance Death Required documents for Early Withdrawal of MPF If you experiences any of the circumstances above and decide to withdraw your MPF. Then you …
According to the Companies Ordinance (Cap. 622), Phase 2 of the New Inspection Regime of Companies Register phase 2 will be starting from 24th October 2022 in order to protect privacy of director within Hong Kong Limited Companies. How to protect your privacy? Phase 1: Started from 23rd August 2021 Directors can use correspondence addresses …