1964_COMPANIES_ORDINANCE — Page 15

HK Historical Laws 香港歷史法例 All AI Reviewed

(1984 Ed.] Companies [CAP. 32

(3) Subsection (1) shall not require the disclosure of information with respect to a body corporate which is the subsidiary of another and is incorporated outside Hong Kong or, being incorporated in Hong Kong, carries on business outside Hong Kong if the disclosure would, in the opinion of the directors of that other, be harmful to the business of that other or of any of its subsidiaries and the Financial Secretary agrees that the information need not be disclosed.

(4) If, in the opinion of the directors of a company having, at the end of its financial year, subsidiaries, the number of them is such that compliance with subsection (1) would result in particulars of excessive length being given, compliance with that subsection shall not be requisite except in the case of the subsidiaries carrying on the businesses the results of the carrying on of which, in the opinion of the directors, principally affected the amount of the profit or loss of the company and its subsidiaries or the amount of the assets of the company and its subsidiaries.

(5) Where, in the case of a company, advantage is taken of subsection (4),—

(a) there must be included in the statement required by this section the information that it deals only with the subsidiaries carrying on such businesses as are referred to in that subsection; and

(b) the particulars given in compliance with subsection (1), together with those which, but for the fact that advantage is so taken, would have to be so given, shall be annexed to the annual return first made by the company after its accounts have been laid before it in general meeting.

(6) If a company fails to satisfy an obligation imposed on it by subsection (5) to annex particulars to a return, the company and every officer of the company who is in default shall be liable to a default fine.

(Replaced, 80 of 1974, s. 12)

129. (1) Subject to the provisions of this section, where, at the end of its financial year, a company holds shares of any class comprised in the equity share capital of another body corporate (not being its subsidiary) exceeding in nominal value one fifth of the nominal value of the issued shares of that class, there shall be stated in, or in a note on, or statement annexed to, the accounts of the company laid before it in general meeting—

(a) the name of that other body corporate;

(b) the country in which it is incorporated;

(c) the identity of the class and the proportion of the nominal value of the issued shares of that class represented by the shares held; and

125

Statement in company's accounts of identities and places of incorporation of companies not subsidiaries whose shares it holds, and particulars of those shares.

1967 c. 81, s. 4.

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(1984 Ed.] Companies [CAP. 32 (3) Subsection (1) shall not require the disclosure of information with respect to a body corporate which is the subsidiary of another and is incorporated outside Hong Kong or, being incorporated in Hong Kong, carries on business outside Hong Kong if the disclosure would, in the opinion of the directors of that other, be harmful to the business of that other or of any of its subsidiaries and the Financial Secretary agrees that the information need not be disclosed. (4) If, in the opinion of the directors of a company having, at the end of its financial year, subsidiaries, the number of them is such that compliance with subsection (1) would result in particulars of excessive length being given, compliance with that subsection shall not be requisite except in the case of the subsidiaries carrying on the businesses the results of the carrying on of which, in the opinion of the directors, principally affected the amount of the profit or loss of the company and its subsidiaries or the amount of the assets of the company and its subsidiaries. (5) Where, in the case of a company, advantage is taken of subsection (4),— (a) there must be included in the statement required by this section the information that it deals only with the subsidiaries carrying on such businesses as are referred to in that subsection; and (b) the particulars given in compliance with subsection (1), together with those which, but for the fact that advantage is so taken, would have to be so given, shall be annexed to the annual return first made by the company after its accounts have been laid before it in general meeting. (6) If a company fails to satisfy an obligation imposed on it by subsection (5) to annex particulars to a return, the company and every officer of the company who is in default shall be liable to a default fine. (Replaced, 80 of 1974, s. 12) 129. (1) Subject to the provisions of this section, where, at the end of its financial year, a company holds shares of any class comprised in the equity share capital of another body corporate (not being its subsidiary) exceeding in nominal value one fifth of the nominal value of the issued shares of that class, there shall be stated in, or in a note on, or statement annexed to, the accounts of the company laid before it in general meeting— (a) the name of that other body corporate; (b) the country in which it is incorporated; (c) the identity of the class and the proportion of the nominal value of the issued shares of that class represented by the shares held; and 125 Statement in company's accounts of identities and places of incorporation of companies not subsidiaries whose shares it holds, and particulars of those shares. 1967 c. 81, s. 4. Page 15 Page 16

Baseline (Original)

( 1984 Ed.] Companies [CAP. 32 (3) Subsection (1) shall not require the disclosure of informa- tion with respect to a body corporate which is the subsidiary of another and is incorporated outside Hong Kong or, being incor- porated in Hong Kong, carries on business outside Hong Kong if the disclosure would, in the opinion of the directors of that other, be harmful to the business of that other or of any of its subsidiaries and the Financial Secretary agrees that the information need not be disclosed. (4) If, in the opinion of the directors of a company having, at the end of its financial year, subsidiaries, the number of them is such that compliance with subsection (1) would result in particulars of excessive length being given, compliance with that subsection shall not be requisite except in the case of the subsidiaries carrying on the businesses the results of the carrying on of which, in the opinion of the directors. principally affected the amount of the profit or loss of the company and its subsidiaries or the amount of the assets of the company and its subsidiaries. (5) Where, in the case of a company, advantage is taken of subsection (4),-- (a) there must be included in the statement required by this section the information that it deals only with the sub- sidiaries carrying on such businesses as are referred to in that subsection; and (b) the particulars given in compliance with subsection (1). together with those which, but for the fact that advantage is so taken, would have to be so given, shall be annexed to the annual return first made by the company after its accounts have been laid before it in general meeting. (6) If a company fails to satisfy an obligation imposed on it by subsection (5) to annex particulars to a return, the company and every officer of the company who is in default shall be liable to a default fine ( Replaced, 80 of 1974, s. 12) 129. (1) Subject to the provisions of this section, where, at the end of its financial year, a company holds shares of any class comprised in the equity share capital of another body corporate (not being its subsidiary) exceeding in nominal value one fifth of the nominal value of the issued shares of that class, there shall be stated in, or in a note on, or statement annexed to. the accounts of the company laid before it in general meeting--- (a) the name of that other body corporate; (b) the country in which it is incorporated; (c) the identity of the class and the proportion of the nominal value of the issued shares of that class represented by the shares held; and 125 Statement in company's accounts of identities and places of incorporation of companies not subsidiaries whose shares it holds, and particulars of those shares. 1967 c. 81, s. 4. Page 15Page 16

2026-05-04 10:30:38 · Baseline

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1984 Ed.]

Companies

[CAP. 32

(3) Subsection (1) shall not require the disclosure of informa- tion with respect to a body corporate which is the subsidiary of another and is incorporated outside Hong Kong or, being incor- porated in Hong Kong, carries on business outside Hong Kong if the disclosure would, in the opinion of the directors of that other, be harmful to the business of that other or of any of its subsidiaries and the Financial Secretary agrees that the information need not be disclosed.

(4) If, in the opinion of the directors of a company having, at the end of its financial year, subsidiaries, the number of them is such that compliance with subsection (1) would result in particulars of excessive length being given, compliance with that subsection shall not be requisite except in the case of the subsidiaries carrying on the businesses the results of the carrying on of which, in the opinion of the directors. principally affected the amount of the profit or loss of the company and its subsidiaries or the amount of the assets of the company and its subsidiaries.

(5) Where, in the case of a company, advantage is taken of subsection (4),--

(a) there must be included in the statement required by this section the information that it deals only with the sub- sidiaries carrying on such businesses as are referred to in that subsection; and

(b) the particulars given in compliance with subsection (1). together with those which, but for the fact that advantage is so taken, would have to be so given, shall be annexed to the annual return first made by the company after its accounts have been laid before it in general meeting.

( Replaced, 80 of 1974, s. 12)

129. (1) Subject to the provisions of this section, where, at the end of its financial year, a company holds shares of any class comprised in the equity share capital of another body corporate (not being its subsidiary) exceeding in nominal value one fifth of the nominal value of the issued shares of that class, there shall be stated in, or in a note on, or statement annexed to. the accounts of the company laid before it in general meeting---