TNAG-1645-FCO40-2292-Company-law-reform-in-Hong-Kong-Companies-(Amendment)-(No.-2-1987 — Page 59

STANDING COMMITTEE ON COMPANY LAW REFORM

THIRD REPORT TO HIS EXCELLENCY THE GOVERNOR IN COUNCIL

Subjects considered by the Standing Committee during 1986

TABLE OF CONTENTS

Annex

Paras. Nos.

Page No.

1. (1)

Section 48 of the Companies Ordinance (Prohibition of provision of

1.1 - 1.24

1

2.

3.

(2) (3)

financial assistance by a company for the purchase of its own shares) Purchase by a company of its own shares Distributable Profits

Section 79 of the Companies Ordinance (Payment of certain debts out of assets subject to floating charge in priority to claims under the charge) and Section 265 of the Companies Ordinance (Preferential payments)

Section 80(2)(c) & (e) of the Companies Ordinance (Registration of charges created by companies)

Report of the Sub-Committee

2.1-2.3

17

-

3.1 3.6

18

4.

Section 114C of the Companies Ordinance (Proxies) and

4.1

4.14

21

Section 157A of the Companies Ordinance (Appointment of directors to be voted

on individually)

5.

Section 146 of the Companies Ordinance (Inspector's report) and

5.1 5.6

-

27

Section 147 of the Companies Ordinance (Proceedings on inspector's report)

6. (1) Section 1570 of the Companies Ordinance

(Minimum age limit for directors)

(2)

Should there be a maximum age limit for directors?

6.1-6.8

30