Companies (Winding-Up and Miscellaneous Provisions) Ordinance: Commentary & Annotations

The first comprehensive annotations on the Companies (Winding-Up and Miscellaneous Provisions) Ordinance mainly focusing on the winding-up and insolvency of a Company registered in Hong Kong.

The new Companies Ordinance (Cap. 622) came into effect on 3 March 2014. While Cap. 32 has not been completely repealed as those provisions relating to winding-up and insolvency of companies and prospectuses are still alive. The Cap. 32 has now been re-titled as “Companies (Winding-Up and Miscellaneous Provisions) Ordinance”.

This title is a must-have publication to examine each and every section of the remaining law, highlighting the key changes incorporated and amended as a result of the enactment of the new Companies Ordinance.

The main focus of this Companies (Winding-Up and Miscellaneous Provisions) Ordinance:
Commentary and Annotations including:

1. Prospectives of Companies registered here in Hong Kong;
2. Winding-Up of a Company;
3. Insolvency of a Company;
4. Director duties of care and disqualification;
5. Appointment of receivers and managers of insolvent companies;
6. Restrictions on the sale of shares;
7. Restrictions on the offers of shares for sale;
8. Prevention of evasion of the societies; and
9. For any other incidental and connected matters.

Notable highlights for these commentary & annotations are:

• Insightful commentary and annotations of all those 244 Sections of Cap. 32 which remain in force;
• Select list of specified forms for use under Cap 32 regarding the Winding-Up and Insolvency of a Company; and
• Briefing and consultation notes on the recommended improvements to the clarity and application of the Corporate Insolvency and Winding-Up provisions.