Commencement of Operation of the Non-Hong Kong Companies Regulation
The Companies Registry has released the circular “Commencement of Operation of the Non-Hong Kong Companies (Disclosure of Company Name, Place of Incorporation and Members’ Limited Liability) Regulation (Cap. 622M)” which will come into operation on 1 August 2019.
Requirements of the Regulation includes displaying continuously, in legible characters at every business venue, in every communication document and transaction instrument (including cheques, invoices, receipts or letters of credit) name, place of incorporation & limited liability of the members, if applicable.
If a non-Hong Kong company contravenes the relevant requirements of the Regulation, the company, every responsible person of the company, and every agent of the company who authorizes or permits the contravention, commit an offence.
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