T K Lo & Co

Hong Kong CPA Firm


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Company - News


The Directors may meet together for the despatch of business, adjourn, and otherwise regulate their meetings, as they think fit. Questions arising at any meeting shall be decided by a majority of votes. In case of an equality of votes, the chairman shall have a second or casting vote. A Director may, and the Secretary on the requisition of a Director shall, at any time summon a meeting of the Directors.  The Directors may pass a resolution by teleconference and the meeting shall be deemed to have taken place at that location where a majority of the Directors happen to be present, failing which at that location where the Chairman happens to be present.

 

In the third quarter of 2011, many companies will convene AGM for 2011 after their completion of audited accounts. Please remember to issue Notice of AGM with 23 days (21+2 postal days) before the date of AGM, and send a copy of audited accounts for the information of shareholders
Non-shareholder cannot attend the general meeting of shareholders. Any shareholder's representative need to have their Proxy ready for his/her voting on behalf of registered shareholder in general meeting.
A company or an association need to plan ahead for any proposal to amend their M&A due to the requirements to satisfy the approval in general meeting and the time limit of submission the resolution to Companies Registry.
Many trade associations will have their AGM for electing new directors for coming year. Please note the requirment that association cannot appoint corporate director to take care affairs of the assocaions.


Formation of Charitable Foundation will take longer period up to around half a year to obtain the tax exemption status according to the recent approved application.

Business registration charge is increased from HK$450 to HK$2,450 with effect from 1 August 2011

Some words in the name of new company cannot be used.