Start from 27 December 2023, the new format Incorporation Form and Annual Return of Hong Kong company submitted to Companies Registry are required to enter a code for the description of company’s business nature in the Form. If the company carries on more than one category of business, please select the major category.
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A private company limited by shares must have at least one shareholder and limit the number of members to 50.A menber excludes a person who is an employee of the company, and a person who was a member while being an employee of the Hong Kong company and who continues to be a member after ceasing to be such an employee.In addition, two or more persons who hold shares in the company jointly are to be regarded as 1 member.
Start from 27 December 2023, the new format Incorporation Form and Annual Return of Hong Kong company submitted to Companies Registry are required to enter a code for the description of company’s business nature in the Form. If the company carries on more than one category of business, please select the major category.
Responsibility for the overall management of a Hong Kong Company typically rests with its board of directors. Generally, the board authorises the actions of the Company through board resolutions passed at board meetings or, if authorised by the articles, by written resolution signed by all the directors or a stated proportion of them.
The transfer of legal title to shares in a Hong Kong company is effected by an "instrument of transfer". Beneficial title to shares is transferred by way of contract notes (a bought note and a sold note).Contract notes must be submitted for stamping within two days (30 days if the sale takes place outside Hong Kong) for execution.