Supplementary company laws gazetted

May 24, 2013

Four pieces of subsidiary legislation to provide for administrative, technical and procedural matters for the implementation of the new Companies Ordinance were gazetted today.
 
The Companies (Model Articles) Notice prescribes model articles for companies to adopt, while the Company Records (Inspection & Provision of Copies) Regulation stipulates the arrangements on access to company records.
 
The Companies (Non-Hong Kong Companies) Regulation provides for the detailed procedural matters for implementing part of the new ordinance, and the Companies (Fees) Regulation sets out the fees payable to the Registrar of Companies and other fees.
 
The Legislative Council passed the new Companies Ordinance last July to modernise the legal framework for companies' incorporation and operation in Hong Kong.
 
Two amendment regulations were also gazetted to give effect to changes brought about by subsidiary legislation introduced earlier.
 
The subsidiary legislation and amendment regulations will be tabled at LegCo on May 29.
 
The Government plans to implement them together with the new ordinance in the first quarter of next year.