Companies (Amendment) Bill 2022 gazetted
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"Under the current Companies Ordinance, companies may use technology to hold general meetings at two or more places. In recent years, the advancement of technology has made adoption of virtual means to hold and participate in meetings possible worldwide. Taking into account local stakeholders' views and practices of comparable commercial centres, we propose amending the Companies Ordinance to expressly enable companies holding general meetings virtually or in hybrid mode, rather than holding meetings only at physical locations. This seeks to provide sufficient flexibility for companies to conduct corporate affairs smoothly and effectively having regard to their own circumstances and needs," a Government spokesperson said.
The Bill will be introduced into the Legislative Council for first reading on December 7.
Ends/Friday, November 25, 2022
Issued at HKT 12:00
Issued at HKT 12:00
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