Annual Update – updates of the most recent cases and application of the Companies Ordinance (Cap.622) now more than four years after its enactment

• The progress of the four main objectives of this Ordinance remains the point of focus:

(i) Enhancing corporate governance;

(ii) Ensuring better regulations;

(iii) Facilitating business in Hong Kong; and

(iv) Modernising the law, fours years after its full and complete enactment.

Incorporates amendments introduced by the Companies (Amendment) (No 2) Ordinance 2018:

(i) Reporting exemption – expanding the scope for simplified reporting

(ii) Updating relevant accounting-related provisions

(iii) Streamlining and clarifying provisions to facilitate compliance

(iv) Display of company names for non-Hong Kong companies

(v) Alignment of penalty provisions relating to financial statements and reports