All companies incorporated in Hong Kong are required to undergo annual audits. The audit must be conducted by a qualified auditor registered with the Financial Reporting Council. The audit ensures that [...]
The ordinance requires companies to: Maintain accurate and up-to-date records, including financial statements and shareholder information. File annual returns and financial statements with the Companies Registry. Disclose the interests of directors [...]
Listed companies must adhere to stricter compliance standards under the Companies Ordinance, particularly regarding financial disclosures and corporate governance. These measures are crucial for maintaining investor confidence and upholding market integrity. [...]
To register a subsidiary, the parent company must: Decide on the type of subsidiary (e.g., private limited company). Prepare and submit the required documents, such as the articles of association, along [...]
Directors are responsible for ensuring the company complies with legal requirements, including: Acting in the company’s best interests. Overseeing financial reporting. Managing shareholder interests. Ensuring transparency in the company’s operations and [...]
The ordinance promotes a stable and predictable business environment by: Setting high standards for corporate governance. Ensuring transparency in company operations. Providing clear legal frameworks for incorporating and operating companies. These [...]
A company secretary is a professional responsible for ensuring that a company complies with legal and regulatory requirements. In Hong Kong, having a company secretary is mandatory under the Companies Ordinance, [...]
Yes, every company incorporated in Hong Kong, whether private or listed, must appoint a company secretary. This legal requirement is crucial for maintaining compliance with local laws.
The company secretary can be either a natural person (individual) or a corporate service provider. If an individual is appointed, they must be a resident of Hong Kong. Companies often choose [...]
Key responsibilities include: Maintaining company records and statutory registers. Organizing board meetings and preparing agendas. Keeping accurate minutes of meetings. Advising the board on legal and regulatory obligations. Ensuring timely filing [...]