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The company must have at least 2 directors. With effect from the date of incorporation of the company, the first directors of the company are the persons named as the directors in the incorporation form delivered to the Registrar under section 67(1).
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Part 10 (Directors and Company Secretaries) of the new Companies Ordinance (Cap. 622) (“new CO”) contains provisions relating to directors and company secretaries.
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means to find documents having “apply”, “applies”, “applying”, “application” etc. means to find documents having “apply”, “applying”, etc. A percent sign (%) can also be used to match 1 English word. means to find documents having “apple is good” or “apple tastes good”. An underscore (_) can be used to match any ...
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A director of a company must take all reasonable steps to secure that the company keeps accounting records that are sufficient to show and explain the company’s
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This part deals with the appointment, removal or resignation of directors or company secretaries. Section 454 requires that all Private Companies have at least one director. Section 453 requires that Public Companies and Companies with a limited Guarantee have at least two directors.
A company’s powers and objects are given to it by law by its Articles of Association. The exercise of these powers is usually delegated, a general power of management, to the board of directors by the company’s Articles of Association with certain powers, including composition of the board, reserved to shareholders.
