WEDNESDAY, NOVEMBER 30, 1988
AGE LIMIT TO STAY IN MEANTIME
THE FINANCIAL SECRETARY,
THE
LIMIT
SAID JACOBS,
FOR
TODAY COMPANY
HON PIERS THE HE AGREED
MINIMUM THAT
AGE DIRECTORS SHOULD NOT BE LOWERED FROM 21 TO 18 AT PRESENT.
(WEDNESDAY}
HE SAID THE CHANGE SHOULD NOT RECOMMENDATIONS OF THE LAW REFORM PERSONS HAD BEEN IMPLEMENTED.
BE MADE UNTIL OTHER KPAVANT
ON COMMISSION
THE AGE
YOUNG
OF
THE SPEAKING ON THE COMPANIES (AMENDMENT) (NO. 3) BILL 1988 IN
COMMITTEE STAGE LEGISLATIVE COUNCIL, MR JACOBS SAID HE SUPPORTED THE AMENDMENT TO THIS EFFECT AS MOVED BY THE HON RONALD ARCULLI.
OF THE LEGCO AD HOC
HE ALSO THANKED MR ARCULLI AND MEMBERS GROUP FOR THE CONSIDERATION THEY HAD GIVEN TO THE BILL.
SECOND READING EARLIER, SPEAKING IN THE RESUMED DEBATE ON THE
THE HON PETER WONG OF THE BILL, MR JACOBS SAID THAT HE AGREED WITH
WHERE THE FEES PAYABLE UPON THAT THERE MIGHT BE EXCEPTIONAL CASES LATE FILING OF ANNUAL RETURNS SHOULD BE REDUCED OR WAIVED.
THE
PROMPT
FILING
"SUCH CASES, HOWEVER, SHOULD BE FEW IN NUMBER BECAUSE STRUCTURE SHOULD RETURNS, HE SAID.
[
HELP TO
ENCOURAGE
NEW
THE
OF
ANNUAL
96
WOULD BE OF THE
CONSIDERATION CASEY, APPROPRIATE NEVERTHELESS, IN
FEES UNDER OR WAIVING
SECTION GIVEN TO REDUCING INTERPRETATION AND GENERAL CLAUSES ORDINANCE, HE ADDED.
THE
THE BILL IN ITS AMENDED FORM WAS
COUNCIL.
SUBSEQUENTLY PASSED BY THE
MINIMUM AGE FOR DIRECTORS SHOULD REMAIN AT 21
THE HON RONALD ARCULLI MOVED A
COMMITTEE
STAGE AMENDMENT TO COUNCIL
THE COMPANIES (AMENDMENT) (NO. 3) BILL 1988 IN THE LEGISLATIVE TODAY (WEDNESDAY).
5 OF CLAUSE
THE BILL THAT THIS AMENDMENT SERVED TO DELETE SOUGHT TO REDUCE THE MINIMUM AGE FOR COMPANY DIRECTORS FROM 21 TO 18.
5.
THE
MR ARCULLI SAID A LEGCO AD HOC GROUP, OF WHICH HE WAS CONVENER,
AT
TO CLAUSE MATTERS RELATING WAS FORMED TO SPECIFICALLY LOOK THOUGH THE BILL CONTAINED A NUMBER OF MISCELLANEOUS AMENDMENTS TO COMPANIES ORDINANCE.
SHE SAID