The New Companies Ordinance (CAP 622) --- Volume III: Company Accounts and Restructuring Arrangements A Butterworths Hong Kong Handbook

Cap 622 is here!

The Companies Registry announced on Monday, March 3rd that the New Companies Ordinance, Cap 622 is now in operation.

The New Companies Ordinance represents a major rewrite of Cap 32, providing a modernised legal framework for the incorporation and operation of companies in Hong Kong, with the aim of enhancing corporate governance, ensuring better regulation and providing better facilitation of business operations.

LexisNexis is pleased to provide you with The New Companies Ordinance (Cap 622), A Butterworths Hong Kong Handbook. The series includes five volumes, each examining a particular aspect of Company Law. Each volume contains annotations of a specially selected set of Parts from the Ordinance, complete with an introduction.

Volume III: Company Accounts and Restructuring Arrangements

Volume III considers the statutory recognition of the Hong Kong Financial Reporting Standards and the Reporting Standards for SMEs. Cap 622 requires financial statements to comply with the accounting standards applicable to financial statements.

Definitions for facilitating reconstructions and amalgamations have been clarified and a new court-free statutory amalgamation procedure for wholly-owned intra-group companies has been introduced.

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