搜尋結果
It governs transactions involving directors or their connected entities which require members’ approval (namely loans and similar transactions, payments for loss of office and directors’ long-term employment), and covers disclosure by directors of material interests in transactions, arrangements or contracts.
2022年7月5日 · If Company accepted loan from an Individual and such individual is Director as well as shareholder of the Company. Whether loan from such person shall be considered as Loan from Shareholder of Loan from Director? Here author tries to clear all the doubts
Sections 502 and 503 of the new CO prohibit a specified company (defined in section 491(1) of the new CO) from making a loan or quasi-loan to, or enter into credit transaction as creditor for an entity connected with a director without prescribed approval of
2014年7月30日 · Loans to directors (and directors of the holding company), and the giving of a guarantee or security for such a loan, are currently prohibited. The new Ordinance will expand the prohibitions to overseas companies controlled by a director.
2014年2月18日 · home loans for a director’s primary residence; and loans in relation to leasing goods and land for directors. Breach of loan prohibition no longer a criminal offence
So, in this situation, the director must disclose to company A, the $250,000 that he receives as remuneration from company. B. Company A includes the $250,000 in its aggregate disclosure of emoluments paid to or receivable by its directors in respect of their qualifying services under section 4(2) and (3)(a).
2013年12月31日 · Prohibition of loans, etc. to directors. Pursuant to the s.157H of the existing Companies Ordinance (Cap. 32) (“CO”) and ss.500 – 503 New CO, a company is prohibited to enter into certain transactions such as loans, quasi-loans and credit transactions with its directors, unless the “prescribed approval of members” (discussed below) is obtained.
