XN000022-1993-06-03 — Page 17

THURSDAY, JUNE 3, 1993

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AMENDMENTS TO MODEL ARTICLES OF ASSOCIATION FOR COMPANIES

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THE COMPANIES ORDINANCE (AMENDMENT OF SCHEDULES) ORDER 1993 AND THE COMPANIES ORDINANCE (AMENDMENT OF SCHEDULES) REGULATION 1993 WILL BE GAZETTED TOMORROW (FRIDAY).

"THEY WILL PUT IN PLACE AMENDMENTS TO THE MODEL ARTICLES OF ASSOCIATION FOR COMPANIES IN KEEPING WITH THE AMENDMENTS TO THE PRIMARY LEGISLATION MADE UNDER THE COMPANIES (AMENDMENT) ORDINANCE 1991," A GOVERNMENT SPOKESMAN SAID TODAY (THURSDAY).

UNDER THE COMPANIES (AMENDMENT) ORDINANCE 1991, THE PROVISIONS RELATING TO THE PURCHASE BY A COMPANY OF ITS OWN SHARES AND THE GIVING OF FINANCIAL ASSISTANCE BY A COMPANY FOR THAT PURPOSE WERE LIBERALISED.

"THE AMENDMENTS WHICH HAVE NOW BEEN MADE TO THE SCHEDULES WILL ENSURE THAT THEY ARE FULLY CONSISTENT WITH THE PROVISIONS OF SECTIONS 47A, 47G, 48 AND 49-49S OF THE ORDINANCE SO THAT THE MODEL ARTICLES OF ASSOCIATION MAY BE READILY ADOPTED BY NEWLY FORMED COMPANIES," THE SPOKESMAN SAID.

"THESE TECHNICAL AMENDMENTS RELATE TO THE FIRST, SECOND, FOURTH, 10TH AND 11TH SCHEDULES OF THE COMPANIES ORDINANCE, HE ADDED.

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SUMMER TRAVELLERS URGED TO GET DOCUMENTS EARLY

THE IMMIGRATION DEPARTMENT URGES RESIDENTS WHO INTEND TO TRAVEL ABROAD DURING THE SUMMER HOLIDAYS TO APPLY FOR TRAVEL DOCUMENTS AS EARLY AS POSSIBLE.

"THE NUMBER OF PEOPLE GOING OVERSEAS WILL BE GREATLY INCREASED DURING THIS PERIOD, A SPOKESMAN FOR THE DEPARTMENT SAID.

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"IN ORDER TO AVOID LAST-MINUTE RUSH, PEOPLE ARE ADVISED TO APPLY FOR PASSPORTS AND CERTIFICATES OF IDENTITY WELL IN ADVANCE OF THE DATE OF TRAVEL, HE SAID.

DAYS

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FOR FIRST TIME APPLICATIONS, THE DEPARTMENT TAKES 20 WORKING (ABOUT FOUR TO FIVE WEEKS) TO ISSUE A HONG KONG BRITISH PASSPORT.

FOR REPLACEMENTS, 10 WORKING DAYS ARE REQUIRED IF THE APPLICATION IS SUBMITTED AT THE DEPARTMENT HEADQUARTERS AND 15 WORKING DAYS AT THE BRANCH OFFICES.

FOR HONG KONG CERTIFICATES OF IDENTITY, 10 WORKING DAYS ARE REQUIRED IF THE APPLICATION IS SUBMITTED AT THE HEADQUARTERS AND 15 WORKING DAYS AT THE BRANCH OFFICES.

THE PROCESSING TIME IS THE SAME FOR BOTH FIRST-TIME AND REPLACEMENT APPLICATIONS.

/AS AN