24 Jul 2009
DING HUIHUANG AND OTHERS v. SANLIUYIDU (HONG KONG) SPORTS GOODS CO LTD
- Citation
- DING HUIHUANG AND OTHERS v. SANLIUYIDU (HONG KONG) SPORTS GOODS CO LTD
- Court
- Court of First Instance
- Case number
- HCMP1153/2009
The court found the defaults were inadvertent, there was no apparent prejudice to shareholders who were aware of the underlying financial position, audited accounts were prepared and approved and remedial steps taken; therefore it was appropriate to exercise its statutory discretion to regularise the defaults by granting the requested relief under sections 122 and 111 and the originating summonses were allowed in the terms specified.
- Section 122 companies ordinance (accounts and agms)
- Section 111 companies ordinance (general meetings and written resolutions)
- Extension of time under section 122(1b)
- Deeming written resolutions as annual general meetings
- Rectification of corporate non-compliance