HONG KONG COMPANY SECRETARY EXAM SECRETS

Cap 622 - Firms Ordinance 103 (four) The payment is— (a) a payment made by the company in respect of the obtain-back with the company of shares in alone (except a payment lawfully manufactured otherwise than from distributable profits); or (b) a payment produced by the company of any description specified in segment 257(five) (besides a payment l

(1) For the functions of this Ordinance, an undertaking is actually a guardian enterprise of A further undertaking if— (a) the place equally undertakings are bodies corporate, It's really a Keeping company of that other endeavor; or (b) in every other scenario— (i) it retains a the greater part of the voting rights in that other endeavor; (ii)