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CONFIDENTIAL
- 2.
Trade and Industry
4. Companies Law
revision
5. Insurance
legislation
To carry out the recommendations of the Companies Law Revision Committee as accepted by the Government.
To rationalise
insurance legislation
A final draft of the Bill on "minorities and registration of charges" has been agreed, but has been held up pending consideration of consequential amendments to the Inland Revenue Ordinance.
The Bill and draft EXCO paper on "Lost share certificates" have been held up pending consideration of representations from the Federation of Share Registrars and revenue aspects.
A full version of the first draft
To submit to ExCo
To finalise and submit to LXCo.
To continue work
of the sill for general revision of on the first draft. the ordinance has now been circulated.
The interim Bill to introduce minimum Action completed. paid up capital requirements for new insurance companies has been approved
by LegCo and is now in operation.
A first draft of the Bill for the mainTo produce an agreed corpus of legislation has been circulated.
version of the Bill
and to continue work on the subsidiary legislation.
Economic Analysis Division
6. The 1978-79
Budget
Economic Background
To provide the economic back- ground to the 1978-79 Budget
Published on Budget Day, March 1st.
Action completed.
CONFIDENTIAL
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