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Procedure for increasing Share Capital of a Company

Increase of Subscribed Share Capital. A company, which proposes to increase its subscribed capital, can do it in two ways. By allotment of further shares. By conversion of debentures or loans into shares. 1. Allotment of Further Shares. The Companies Act lays down the following procedure relating to the increase of share capital by further ...…

Hong Kong Company Incorporation Guide Part 5 - Share ...

3. Amount of Share Capital and Currency. The Hong Kong Companies Ordinance does not impose any restrictions on the amount of share capital and its currency. However, it does require that at the time of incorporation, a minimum of one share must be issued and allotted to its founder. In other words, the founder of a company can determine the ...…

Share Capital Restructuring for Companies in Hong Kong ...

Mar 11, 2016 · Capital restructuring has become increasingly common due to changing market conditions. Companies in Hong Kong can take advantage of the New Company Ordinance by reviewing their capital structure to grow their businesses. In Hong Kong, a company limited by shares must have share capital, which is represented by shares in the company. Share capital paid by shareholders is…

Part 4 Share Capital - cr.gov.hk

Share Capital Division 1 Nature of Shares 134. Nature and transferability of shares (1) A share or other interest of a member in a company is personal property. (2) A share or other interest of a member in a company is transferable in accordance with the company’s articles. 135. No nominal value (1) Shares in a company have no nominal value.…

New Companies Ordinance Share capital - Hong Kong Law Firm

New Companies Ordinance - Share Capital. ... On the commencement of the New CO, a Hong Kong company's shares will have no nominal value. This will apply to all shares, including shares issued before that date. Concepts such as par value, share premium and the requirement for authorised capital will be redundant following the migration to no par ...…

Basic Requirements and Facts for Hong Kong Companies ...

There is no minimum share capital stipulation, but the basic norm is an authorized share capital of HKD 10,000, represented by 10,000 ordinary shares of HKD 1.00 each. Approved share capital can be increased at any point after company incorporation, but you must pay the Hong Kong government a capital duty of 0.1% for share capital over HKD 10,000.…

The Share Capital in Hong Kong

Hong Kong has abolished the use of the par value of a share and also that of the authorized capital. There are no restrictions on the currency in which the share capital of a company can be deposited nor on the amount of the said share capital. Hong Kong companies are not required to provide a report on the amount of authorized capital.5/5(1)…