XN000022-1975-10-31 — Page 11

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FRIDAY, OCTOBER 31, 1975

REVISION OF COMPANY FEES

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A NUMBER OF FEES PAYABLE UNDER THE COMPANIES ORDINANCE HAVE PEEN REVISED, IN LINE WITH RECOMMENDATIONS MADE BY THE COMPANIES LAW REVISION COMMITTEE.

THE COMPANIES (FEES) ORDER AND THE COMPANIES (FORMS) (AMENDMENT) ORDER PUBLISHED IN TODAY'S GAZETTE REFER MAINLY TO FEES FOR INSPECTION AND CERTIFICATION OF DOCUMENTS KEPT BY THE REGISTRAR AND TO FEES FOR REGISTERING CERTAIN INSTRUMENTS AND FOR INSPECTING THE REGISTER OF CHARGES.

THE NEW FEES ARE LISTED IN THE GAZETTE AND WILL COME INTO EFFECT TOWARDS THE END OF THE YEAR.

A GOVERNMENT SPOKESMAN POINTED OUT THAT MANY OF THESE FEES HAD REMAINED UNCHANGED FOR OVER 40 YEARS AND THE INCREASES WERE CONSIDERED REASONABLE.