Companies Ordinance (Cap. 622) (Version Date: 28/04/2023)

A revised version of the Companies Ordinance was published on the Hong Kong’s e-Legislation platform, Hong Kong’s website for publicizing legal documents. The Ordinance sets out the basic requirements of companies operating in Hong Kong, including requirements pertaining to the naming of a firm, the establishment of an office or branch in Hong Kong, the directorship of a company, the articles of associations, the registration of a firm, or the dissolution of such, to name a few.
This latest version contains modifications to Part 12 of the Ordinance relating to Company Administration and Procedure to include provisions for the holding of virtual and hybrid meetings as set out in the Companies (Amendment) Ordinance 2023. The provisions pertain to the following:
– the notification of an upcoming meeting (place, date, time, website, etc.);
– the permission to hold virtual meetings unless provided otherwise in the company’s articles;
– the obligations of companies to allow listening, speaking, or voting at meetings that take place at two or more physical locations at the same time; and
– the consideration of being present when a shareholder attends a virtual meeting.