16 Nov 2007
TSE CHIU KWAN AND ANOTHER v. GAIN TRADE ENTERPRISE LTD
- Citation
- TSE CHIU KWAN AND ANOTHER v. GAIN TRADE ENTERPRISE LTD
- Court
- Court of First Instance
- Case number
- HCMP2071/2007
The court exercised its discretion under section 122(1B) to regularise the late laying of accounts because the delays were historical and non-wilful, caused by reliance on professionals and corporate reorganisation, produced no prejudice to the sole shareholders who were informed of the companies' positions, the breaches have been rectified and there is an expectation of future compliance.