Updated Legislation

INTERSHORES | Companies (Amendment) Bill 2022 Gazetted In Hong Kong

 

The Government published in the Gazette on 25 November 2022 the Companies (Amendment) Bill 2022 which aims to provide sufficient flexibility for companies to hold general meetings in various manners.

 

Key elements of the Bill include:

- the amended Ordinance will come into operation on the expiry of 3 months after the day on which it is published in the Gazette;

- adding a new definition of virtual meeting technology, meaning a technology that allows a person to listen, speak and vote at a meeting without being physically present at the meeting;

- providing that a person who attends a general meeting by using the virtual meeting technology specified in the notice of the meeting is to be regarded as being present while so attending.

 

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Whilst reasonable care has been taken in provision of information above, it does not constitute legal or other professional advice. INTERSHORES does not accept any responsibility, legal or otherwise, for any error omission and accepts no responsibility for any financial or other loss or damage that may result from its use.  In particular, readers are advised to take appropriate professional advice before committing themselves to any involvement in jurisdictions, vehicles or practice.

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