Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Laying of accounts at agm

Legal area

Court

8 May 2014

CCC HOLDINGS GROUP (BVI) LTD v. CITY CREDIT CAPITAL (HK) LTD

Citation

CCC HOLDINGS GROUP (BVI) LTD v. CITY CREDIT CAPITAL (HK) LTD
Court

Court of First Instance
Case number

HCMP3473/2013

The court exercised its discretion under s122(1B) to grant rectification because the sole past and present shareholders were aware of the Company’s financial position and suffered no prejudice, the defaults were inadvertent due to directors' and secretaries' failures, and credible steps and undertakings were in place to secure future compliance; accordingly the amended draft order was granted subject to an Asiafair undertaking.
16 Nov 2007

TSE CHIU KWAN AND ANOTHER v. GENTLEMAN INVESTMENTS LTD

Citation

TSE CHIU KWAN AND ANOTHER v. GENTLEMAN INVESTMENTS LTD
Court

Court of First Instance
Case number

HCMP2072/2007

The originating summonses were allowed because the breaches were historical and bona fide, there was no wilful default or prejudice to the sole shareholders who are also directors, the accounts were ultimately laid and approved, and the court exercised its power under s.122(1B) to regularise the late laying of accounts.