16 Nov 2007
TSE CHIU KWAN AND ANOTHER v. ARTPLUS INVESTMENT LTD
- Citation
- TSE CHIU KWAN AND ANOTHER v. ARTPLUS INVESTMENT LTD
- Court
- Court of First Instance
- Case number
- HCMP2069/2007
The court exercised its discretion under s122(1B) to regularise the late laying of accounts for each company because the non-compliance was historical and bona fide, attributable to reliance on professionals and administrative delay rather than wilful default, no prejudice was shown given sole ownership by the directors, and remedial steps including appointment of new auditors indicated likely future compliance.