TNAG-0452-FCO40-517-Legislation-for-employment-of-workers-in-Hong-Kong-1974 — Page 181

A BILL

то

Amend the Companies Ordinance.

ANNEX B TO XCR(74)123

Enacted by the Governor of Hong Kong, with the

advice and consent of the Legislative Council thereof.

Short title and

commencement.

(Cap. 57.).

1. This Ordinance may be cited as the Companies

(Amendment) (No. 2) Ordinance 1974 and shall come into

operation on the day, appointed by the Governor by

notice in the Gazette for the purposes of section 20C(1)

of the Employment Ordinance.

Amendment of section 265. (Cap. 32.)

2.

amended

1.

Section 265 of the principal Ordinance is

(a) in subsection (1) by inserting after

paragraph (c) the following new paragraph -

(Cap. 57.)

"(ca)

any severance payment payable to

an employee under the Employment

Ordinance, not exceeding in respect

of each employee six thousand

dollars; ";

(b) in subsection (3) by deleting "and (c)" and

substituting the following

", (c) and (ca)"; and