Hong Kong: company law reform - third consultation paper published

The Financial Services and the Treasury Bureau has published a third consultation paper as part of its review of the company ordinances in Hong Kong.  The third consultation paper deals with share capital, capital maintenance and amalgamations. Amongst the proposals are:

• The introduction of a mandatory no-par value share regime for all companies
• The removal of the requirement for authorised capital
• The retention of the current capital maintenance regime
• The introduction of a court-free statutory amalgamation procedure

For further information see:
press release | third consultation paper | third consultation paper executive summary | earlier consultation papers | reform homepage