cwumpo

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Companies (Winding Up and Miscellaneous Provisions) Ordinance (with subsidiary legislation) We are directing you to the Hong Kong e-Legislation (HKeL) operated by the Department of Justice (DoJ) of the Hong Kong Special Administrative Region Government to view the full contents of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (CWUMPO), including its subsidiary legislation.

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CWUMPO which are part of the process of investigation conducted by the liquidator during a winding-up to ascertain information about the company’s affairs and property etc. A more detailed account of the individual proposals under (d) to (g) above is given in .

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7 Compulsory winding-up (cont’d) Pay Official Receiver (“OR”)’s deposit and court fee for filing petition File petition and fix date for hearing (s. 179 CWUMPO) Appoint Provisional Liquidators, if necessary Serve petition on the OR and Chief Bailiff within 24 hours of

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第3 頁 7. 上文第6(d)及(e)段所述個別建議的詳情,以及其他優化 《條例》若干現行條文及定義的建議,載於附件B。 精簡清盤程序 8. 在無力償債公司的由法院作出的清盤或債權人自動清盤 中,債權人可委任審查委員會,代債權人和公司分擔人在清盤期

This is the final article in a series that has dealt with the proposed changes to the winding-up provisions of C(WUMP)O which are likely to go before LegCo in the next few months. If you have any questions about the proposals please feel free to call any of your

法例 《證券及期貨條例》 《公司(清盤及雜項條文)條例》 立法歷程 » 《證券及期貨條例》修訂歷史 » 《證券及期貨條例》附屬法例修訂歷史 守則及指引 守則 指引 通函 場外衍生工具監管制度 淡倉申報規則 《證券及期貨條例》第XV部—披露權益

Now with this responsive web design, you can easily change the text size to fit your eyesight needs. Shortcut If you browse on Companies Registry (CR) Homepage on a desktop computer, a modern web browser will allow you to hold down the Ctrl key (Command

Now with this responsive web design, you can easily change the text size to fit your eyesight needs. Shortcut If you browse on Companies Registry (CR) Homepage on a desktop computer, a modern web browser will allow you to hold down the Ctrl key (Command

Now with this responsive web design, you can easily change the text size to fit your eyesight needs. Shortcut If you browse on Companies Registry (CR) Homepage on a desktop computer, a modern web browser will allow you to hold down the Ctrl key (Command

www.oro.gov.hk

Question: Under the revised Rules, the definitions of “close associate” and “associate” include any trustee by virtue of its capacity as such trustee, of which any director, chief executive or substantial shareholder (being an individual) or any of his family interests is a

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CWUMPO in a court winding-up; (b) providing that a liquidator would not be absolved from liabilities arising from the liquidator’s misfeasance or breach of duty / trust notwithstanding that he has obtained a court order releasing him as liquidator after theof the

Hong Kong’s new Companies Ordinance (Cap 622) comes into force 3 March 2014. The changes apply primarily to those sections of the Ordinance that deal with, for want of a better phrase, live companies. Those sections of the Ordinance that deal with dead and

Section 221 of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32) Dec 08, 2015 Two recent cases from the Court of First Instance reflect the court’s wish to expand the use of s.221 of the CWUMPO, in relation to liquidator’s

2.4 Section 38B(1) of the CWUMPO makes it an offence to publish (a) by way of advertisement any extract from or abridged version of a prospectus; or (b) an advertisement relating to a prospectus or proposed prospectus, relating to shares or debentures of a

After the enactment of the Companies Ordinance (Cap. 622) on 3 March 2014, Hong Kong’s legislation regarding the winding up of Companies remained in the (newly named) Companies (Winding up and Miscellaneous Provisions) Ordinance (Cap. 32) (“CWUMPO”).

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1 HKEX GUIDANCE LETTER HKEX-GL57-13 (July 2013) (Updated in February, March, June and September 2014, November 2016, February 2018, and March and July 2019) Subject Guidance on the logistical arrangements for the submission and publication of

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The CWUMPO Prospectus Regime applies where there is an “offer to the public” which is defined to include an offer to any section of the public. An offer to a company’s employees in Hong Kong is prima facie an offer to the public. Exemptions The following

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The CWUMPO Prospectus Regime applies where there is an “offer to the public” which is defined to include an offer to any section of the public. An offer to a company’s employees in Hong Kong is prima facie an offer to the public. Exemptions The following

Debt securities listed on the Stock Exchange include bonds and notes which represent loans to an entity (such as a government or corporation) in which the entity promises to repay the bondholders or note-holders the total amount borrowed. That repayment in

Pursuant to s.326(1) of CWUMPO, a foreign company is an unregistered company and may therefore be wound up by the Court under s.327. The Court categorized two different situations: 1. a foreign company registered under s.333 of CWUMPO or s.777 2.

Two recent cases from the Court of First Instance reflect the court’s wish to expand the use of s.221 of the CWUMPO, in relation to liquidator’s application for production of documents by and examination of persons who are not officers or employees of the insolvent

Overview of the Insolvency Regime in Hong Kong This article appeared in the 2011 edition of The International Comparative Legal Guide to: Corporate Recovery and Insolvency published by Global Legal Group Ltd, London. 1 Issues Arising When a Company is in

SFC Drops Proposed Amendments to Sponsors’ Prospectus Liability Provisions Background The Legislative Provisions and Previous Consultations Remaining Defects of CWUMPO Provisions Prospectus Liability: The Bigger Picture The Securities and Futures

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and Miscellaneous Provisions) Ordinance (CWUMPO)7 when claiming the compensation paid to depositors, from the liquidator of the failed bank. 2.3 In the context of strengthening deposit protection as an effective component in the financial safety net system

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CU Review Winter 2015 Page 3 (c) meetings of the company and of its creditors will be summoned 8. To take effect, the winding-up statement must be delivered to the Registrar within 7 days after it is made 9. On delivery of the statement, the

Under the current CWUMPO, liquidators may only invalidate floating charges created within 12 months prior to the commencement of winding up. This will be extended to 24 months if a floating charge is created in favor of a connected person.

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CU Review Summer 2017 Page 3 to be provided with a copy of the report made under s.191(2) before the examination. Under the new s.286A and r.51A of the Companies (Winding-up) Rules (Cap. 32H), there is no requirement to provide the examinee with

With the rapid development of the internet and social media, crowdfunding activities have emerged internationally and locally over the past few years. Equity crowdfunding (ECF) is a common type of crowdfunding activity where investors usually invest in a project or a

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section 193 of CWUMPO and provisional liquidators who take office under section 194 of CWUMPO). Some members were concerned that there would be confusion and suggested that different terms should be used for different types of office-holders. The

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authorize the issue of a prospectus within the meaning of the CWUMPO”,7 (2) they are accordingly subject to prospectus liability, and (3) the SFC “will have no hesitation in relying on the existing criminal liability provisions in the CWUMPO”8 insofar as”).9

Private fund raisings in Hong Kong – avoiding pitfalls Winston & Strawn LLP Hong Kong December 7 2015 However, such exemption is of limited practical application, as the CWUMPO also provides that the reference to “offer to the public” include an offer

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securities not exceeding HK$5 million over a 12-month period are exempted from the prospectus requirement under CWUMPO. Issuers need only state on the document that it has not been reviewed by any Hong Kong regulatory authority. Under s. 103(2

New section 228A of the CWUMPO safeguards A winding up commenced under section 228A of the CWUMPO has been frequently criticised as a source of abuse by directors. This criticism appears to have been heard as under the Amendment Ordinance as

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CWUMPO, the Board wishes to remind its shareholders and potential investors that, the transfer of the shares in the Company made on or after 6 August 2019 would be void without a

Course Outline: The course will cover the followings: Statute governing companies winding up in Hong Kong The Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap.32) (the “CWUMPO”) Modes of winding up Voluntary winding up Members

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3 (b) Potential abuses by directors which may disadvantage creditors. More clarity is also required in relation to sections 250A(3)(b) and (4), as the phrase “anything that may be necessary to protect the company’s assets” and “without reasonable excuse” would