You Company may be facing daily fines

Written by Cliff on Tuesday 5 August 2014 at 3:00 pm

Under the Companies Ordinance, the statutory books of a company must be kept up to date and in order and be ready to be inspected by the public upon request. If not, the company and each of its responsible persons (directors, senior management, etc) may be liable to daily fines and imprisonment.

Do make sure your company secretary is doing its job right, and please do review your company records from time to time to ensure it reflects reality.

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