Replace Feb 2011 : A number of if not all of these associated franchises are actually in liquidation, nonetheless, the identical people should be operating different completely different franchise names.
A limited company is a separate legal entity, that is, a authorized particular person in its personal proper and separate from its homeowners. The good thing about restricted liability by means of operating as a limited company also brings with it obligations in so much as the corporate must adjust to the assorted provisions within the Companies Ordinance (Chapter 622 of the Legal guidelines of Hong Kong). These obligations embrace the well timed disclosure and reporting of specified information about the company, its officers and shareholders, and so forth. and any adjustments in such info to the Registrar of Firms. Each officer of a company has the accountability to make sure that the corporate has complied with all these provisions.…Continue reading