Following a comprehensive exercise to rewrite the Companies Ordinance (Cap. 32) , the new Companies Ordinance (Cap. 622) (“New CO”) came into force on 3 March 2014. After more than 3 years of operations and receipt of feedback from various stakeholders, the Companies (Amendment) (No. 2) Ordinance 2018 (“Amendment Ordinance”) came into operation on 1 February 2019.
The Amendment Ordinance introduces revisions to the New CO and its subsidiary legislations to incorporate new developments, and amend some provisions to improve clarities and operation of the New CO and further facilitate business in Hong Kong.
You may click this link for highlights on the key changes introduced.