Having a Company Secretary is required by the laws of Hong Kong before you set up a company. It is crucial to ensure that the Company Secretary recruited is one of caliber to keep your business on track and in compliance with the laws of Hong Kong. The company secretary is a vital figure in ensuring effective governance and compliance within a company. They play a key role in maintaining records, organizing meetings, and providing expert guidance on corporate governance matters.
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Company Secretary in Hong Kong: What You Need to Know
It is mandatory for a company to recruit a Company Secretary before its formation, as stated in the laws of Hong Kong:
|Hong Kong Companies Ordinance (Chapter 622)
||Corporate Governance Code
|Section 474: Every company must have a company secretary, and the first appointed secretary is the person named in the incorporation form submitted to the Registrar during the company’s registration.
||Section F: For public listed companies, it is mandatory to appoint a company secretary in Hong Kong, even if they are not incorporated in Hong Kong.
Failure to adhere to the law above will result in legal liabilities such as the inability of the company to be registered, or financial penalties.