New Companies (Amendment) Ordinance 2018 – Keeping of Significant Controllers Register
IMPORTANT NOTICE
The new requirements on the keeping of significant controllers registers by companies which will come into operation upon commencement of the Companies (Amendment) Ordinance 2018 (Cap.622) on 1 March 2018.
Under the Amendment Ordinance, a company incorporated in Hong Kong is required:-
- to identify persons who have significant control over the company (“significant controllers”); and
- to maintain a significant controllers register (“SCR”) to be accessible by law enforcement officers.
Please prepare the SCR on or before 1 March 2018 and kept at the registered office or a place in Hong Kong for the law enforcement officers access.
Note: Failure to comply with the above obligations is a criminal offence. The company and every responsible person of the company are liable to a fine at level 4 (i.e. HK$25,000). Where applicable, there is a further daily fine of HK$700.
Startup now provides:
| Package A | Package B | |
| Item 1. Significant Controllers Register | ✓ | ✓ |
| Item 2. Act as Designated Representative | ✓ | |
| Total service fee: | HK$1,500 | HK$2,500 |
Remark: The service fee for prepare SCR will vary if the company has corporate shareholder(s) and we will provide quote according to your organization chart.
For more information: Guideline on the Keeping of Significant Controllers Registers by Companies