The directors should file the special resolution with the Companies Registry within 15 days after passing the resolution. Authorise the directors to file the special resolution to the Registrar of Companies.Any later date that is specified in the special resolution and.The date of delivery of the special resolution to the Registrar of Companies OR.Declaring that the company will become dormant from either:.In order to declare dormant, the members of the company needs to pass a special resolution: Without the declaration and even if the company actually has no business activities or accounting transaction, it will continue to incur cost and needs to comply with all the statutory requirements laid down by the Companies Ordinance. How to declare as a dormant company in Hong KongĪn inactive company in Hong Kong which does not have any accounting transaction is required to officially declare itself as dormant as it will not be automatically considered dormant. Companies not allowed to claim dormancy.Is it possible to cease of your dormant status?.The responsibilities and obligations of a dormant company.How to declare as a dormant company in Hong Kong.The Companies Ordinance allows a company to become dormant and continue with the same status for a minimum maintenance cost as long as it does not have any accounting transaction. A non-trading company does not equals to a dormant company. This article will tell you how your company can declare dormant.Ī dormant company in Hong Kong that must not have any significant accounting records or any financial transactions in its accounting books during dormancy, excluding transactions arising from the payment of any fee that the company is required by an Ordinance to pay. Most companies applying for a dormant status can save both time and money involved in filing an annual return every year, holding annual general meetings, appointing auditors and preparing audited financial statements. Often due to financial reasons, personal reasons or to protect the company name, companies would want to apply to be a dormant company. Well, under Section 5 of the Hong Kong Companies Ordinance, private companies can apply for dormant status to be exempted from complying with certain statutory requirements. 8 minute read Do you want to save cost for your inactive company?
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |