A Monthly Summary of
Corporate Compliance Issues
March 2004

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International News

Hong Kong Amends Companies Ordinance

The Hong Kong Companies (Amendment) Ordinance 2003 came into effect on February 13, 2004. The amendment updates requirements for directors and facilitates electronic processing at the Companies Registry in anticipation of the introduction of the Integrated Companies Registry Information System (ICRIS).

  • A private company may now have only one director and one shareholder.
  • A sole director of a private company may not be the secretary of that company.
  • A corporate entity cannot serve as secretary if the sole director is the only director of the corporate entity.

If you have any questions regarding requirements for formation filing or statutory compliance for business entities in international jurisdictions, contact a Corporation Service Company® (CSC) Customer Service Representative by calling toll-free 877-603-3095 or by e-mail at international@cscinfo.com.

International Holidays in the 42 International Jurisdictions in which CSCSM Offers Services:

March 2004

1 - Guam, Marshall Islands
2 - British Virgin Islands, Gibraltar, Liberia, Turks & Caicos
5 - Aruba
9 - Belize
15 - Liberia
17 - Ireland
18 - Aruba
22 - Puerto Rico
24 - Northern Mariana Islands
31 - Quebec, U.S. Virgin Islands

April 2004

8 - Panama, US Virgin Islands
9 - Aruba, Australia, Bahamas, Barbados, Belize, Bermuda, Canada, Cayman Islands, Channel Islands, Gibraltar, Guam Hong Kong, Ireland, Isle of Man, Netherland Antilles, Nevis, New Zealand, Northern Mariana Islands, Panama, Puerto Rico, Singapore, Turks & Caicos, United Kingdom, US Virgin Islands
12 - Aruba, Australia, Bahamas, Barbados, Belize, British Virgin Islands, Canada, Cayman Islands, Channel Islands, Gibraltar, Hong Kong, Ireland, Isle of Man, Netherland Antilles, Nevis, New Zealand, Turks & Caicos, United Kingdom,
U.S. Virgin Islands
16 - Puerto Rico
19 - Puerto Rico
25 - New Zealand

To find national holidays in jurisdictions not currently served by CSCSM, please go to http://www.national-holidays.com.

For more information on CSC’s International services, call toll-free 877-603-3095.