Top latest Five hong kong company secretary license Urban news

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No. It is an option available to the company. A company which satisfies the criteria set out in section 455 of the Companies Ordinance (Cap. 622) might decide to nominate a Reserve Director at any time.

Guaranteeing all company chops and seals are secure, recording when And the way These are used, and making certain They are really only made use of when authorized.

Whoever takes to the company secretary function really should of course concentrate on its quite a few responsibilities. Here are a few usual duties a company secretary could accomplish:

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Making certain tax returns are filed accurately and by the due date at the end of each and every economic year to stay away from penalties.

Making ready and circulating notices of board conferences per the Article content of Association and applicable restrictions.

The complex storage or accessibility which is employed exclusively for statistical functions. The technical storage or access that is used exclusively for anonymous statistical needs.

A single distinct formation company bank account use circumstance of the company secretary is in company incorporation. This is particularly valuable If you would like information on picking the most fitted form of company for your task.

Note that the Hong Kong Stock Trade underneath the Listing Rule three.28 mandates that a detailed company in Hong Kong can only have a company secretary as a person and the prospect must fulfill specific requirements on tutorial qualifications or appropriate practical experience as the next:

Not only does an HK company secretary get the job done with directors and shareholders of the company, but he/ she also liaises and interacts with several authorities and regulatory bodies responsible for regulating the company’s Procedure and activities.

Actually, it is probably the compulsory requirements identified determined by the Company Ordinance, as a result if you wish to sign up a Hong Kong company, you happen to be still left without having decision but to pick a company secretary.

Hence, if a company fails to hire a corporate secretary within months of incorporation, the company’s registrar would appoint an individual to perform the duties.

The only thing you need to do is be certain that you work using your current company secretary to comply with the proper procedures and create the demanded reporting to Hong Kong authorities.