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Late filing of ar leads to prosecution from august

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Late filing of AR leads to prosecution from August 2003. 周年申报表载有公司注册地址,股东,董事,公司秘书 及负债数据 , 每年必须于公司注册处申报 . 2003 8 月起 , 經常遲交的公司將被檢控 . B. Business Registration Certificate ( 商业登记证 ) All sole proprietors, partnerships and limited companies must apply for one. The yearly fee is about $2,600. 独资公司、合伙公司及有限公司都要申请 , 每年约港币 2,600 17
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Annual Expenses for Maintaining A Limited Company C. Audit fee ( 年检审计师费用 ) Minimum several thousand dollars per year. Accounts of limited companies must be audited by independent outside CPAs every year. D. Litigation Fees and Compulsory Legal Representation Small Claims Tribunal (($1-$50,000) This court does not permit HK practising lawyers to represent client in court)) District Court ($50,001-$1,000,000) Court of First Instance (> $1,000,000) According to the Rules of Court of the High Court and the District Court, when a company is involved in contentious proceedings, it must have legal representation , except with leave of court. It cannot be represented by just one of its officers. Note: HK practising lawyer is NOT allowed to represent a client in the Small Claims Tribunal.
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A Company’s Different Meetings A. Board Meeting Resolutions at board meetings are passed by majority votes. No prescribed minimum notice period (only need sufficient notice ) Minimum one director, no maximum requirement.
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Board Meetings in China’s Company Law The meeting of the board of directors shall be convened and presided over by the chairman of the board of directors. If the chairman of the board of directors is unable or does not perform his duties , the meeting may be convened or presided over by the deputy chairman of the board of directors. If the deputy chairman of the board of directors is unable or does not perform his duties, the meeting may be convened or presided over by a director jointly recommended by half or more of the directors. (art. 48) The board of directors shall convene at least two meetings every year, and shall notice all directors and supervisors 10 days before it holds a meeting. The shareholders representing 1/10 or more of the voting rights, or 1/3 of the directors, or the board of supervisors may bring forward a proposal on holding a temporary meeting of the board of directors. The chairman of the board of directors shall, within 10 days after he receives such a proposal, convene and preside over a meeting of the board of directors. If the board of directors holds a temporary meeting, it may separately decide the method and time limit for the notification on convening meetings of the board of directors.(art. 111)
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中国公司法关于公司董事会会议的规定 董事会设董事长一人,可以设副董事长。董事长和副董事长由董事 会以全体董事的过半数选举产生。 董事长召集和主持董事会会议,检查董事会决议的实施情况。副董 事长协助董事长工作,董事长不能履行职务或者不履行职务的,由 副董事长履行职务;副董事长不能履行职务或者不履行职务的,由
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