Tuesday, 26 October 2010

Hong Kong: draft Companies Bill - second phase consultation conclusions published

Conclusions arising from the second phase of consultation on the draft Companies Bill have been published by the Financial Services and the Treasury Bureau (FSTB): see here (pdf). Written submissions are available here. The FSTB has decided, amongst other things, to modify its proposals for relaxing the restriction on companies providing financial assistance for the purchase of their shares and it will be proceeding with plans to widen the category of individuals from whom auditors are able to request information and explanations.

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