Lowtax Network

Back To Top

Your Lowtax Account

Directors' Duties

Startupr
07 January, 2016

Indemnity for directors

A director of the Hong Kong company or a director of an associated company can be exempted from any liability in connection with any negligence, breach of duty, breach of trust is void.

 

Vacation of office of director

A vacancy of office may be caused by:

  • a death of a director
  • virtue of statutory provisions under the Companies Ordinance,
  • virtue of provisions in the Articles of the company, the office of a director would become vacant

Provisions under the laws of Hong Kong Special Administrative Region
Circumstances by virtue of which the office will become vacant or a person cannot act as a director:

  • Disqualification under the Companies Ordinance (Winding up and Miscelleaneous Provisions)
  • Removal by the company

 

Resignation of a director

A director of a company may resign from the office. A written notice must be given to the company. The resignation does not need to be accepted by the board of directors and it’s effective on the date of its recipe. The resignation letter is usually tabled and noted at the directors’ meeting.
The Companies Registry must be notified of the resignation (Form ND2A).


Removal of a director

A company may remove a director before the expiration of the period of office.



About the Author


Startupr

Startupr puts you first. This is why our main focus is Startups with global ambitions. We give you the freedom to build your business while we take care of the tedious, administrative tasks, leaving you to concentrate on your dream for your company. As part of our brilliant service, our back end software will automatically send you reminders of important annual filings, and upload your important document to your online account. startupr.hk

 

 

« Go Back to Blogs

Blog Archive

Event Listings

Listings for the leading worldwide conferences and events in accounting, investment, banking and finance, transfer pricing, corporate taxation and more...
See Event Listings »