Companies (Amendment) Ordinance 2018 – Keeping of Significant Controllers Register (“SCR”)
The Companies (Amendment) Ordinance 2018 (“the Amendment Ordinance) will be enforced 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.
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.
We are hereby provide two package for your selection in order to fulfill requirement for keeping of Significant Controllers Register:
|Package A||Package B|
|Item 1: Significant Controllers Register||✓||✓|
|Item 2: Act as Designated Representative||✓|
|Total service fee:||HK$1,500||HK$2,500|
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.