1988 Ed.]
Securities (Disclosure of Interests)
[CAP. 396
21
(5) If default is made in complying with subsection (4), the listed company and every officer of it who is in default commits an offence and is liable on summary conviction to a fine of $10,000 and on conviction upon indictment to a fine of $100,000.
(6) In this section and in sections 22 and 23 a reference to a company's registered office shall, where the company does not have a registered office in Hong Kong, be deemed to be a reference to the company's principal place of business in Hong Kong.
Company report to members
[cf. U.K. 1985 c. 6, s. 214]
22. (1) On the conclusion of an investigation carried out by a listed company in pursuance of a requisition under section 21, it is the company's duty to cause a report of the information received in pursuance of that investigation to be prepared, and the report shall be made available at the company's registered office within 15 days after the conclusion of that investigation.
(2) Where-
(a) a company undertakes an investigation in pursuance of a requisition under section 21; and
(b) the investigation is not concluded before the end of 3 months beginning with the date immediately following the date of the deposit of the requisition,
it is the duty of the company to cause to be prepared, in respect of that period and each successive period of 3 months ending before the conclusion of the investigation, an interim report of the information received during that period in pursuance of the investigation.
(3) Each report prepared under subsection (2) shall be made available at the company's registered office within 15 days after the end of the period to which it relates.
(4) A report prepared under this section shall not include any information with respect to a company entitled to avail itself of the benefit conferred by section 128(3) or 129(3) of the Companies Ordinance (Cap. 32); but where any such information is omitted, that fact shall be stated in the report.
(5) The company shall, within 3 days of making any report prepared under this section available at its registered office, notify the requisitionists that the report is so available.
(6) An investigation carried out by a listed company in pursuance of a requisition under section 21 is regarded for the purposes of this section as concluded when the company has made all such inquiries as are necessary or expedient for the purposes of the requisition and in the case of each such inquiry, either a response has been received by the company or the time allowed for a response has elapsed.
(7) A report prepared under this section-
(a) shall be kept at the company's registered office from the day on which it is first available there in accordance with subsection (1) or (3) until the expiration of 6 years beginning with the day next following that day; and
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1988 Ed.]
Securities (Disclosure of Interests)
[CAP. 396
21
(5) If default is made in complying with subsection (4), the listed company and every officer of it who is in default commits an offence and is liable on summary conviction to a fine of $10,000 and on conviction upon indictment to a fine of $100,000.
(6) In this section and in sections 22 and 23 a reference to a company's registered office shall, where the company does not have a registered office in Hong Kong, be deemed to be a reference to the company's principal place of business in Hong Kong.
Company report to members
[cf. U.K. 1985 c. 6, s. 214]
22. (1) On the conclusion of an investigation carried out by a listed company in pursuance of a requisition under section 21, it-is-the company's duty to cause a report of the information received in pursuance of that investigation to be prepared, and the report shall be made available at the company's registered office within 15 days after the conclusion of that investigation.
(2) Where-
(a) a company undertakes an investigation in pursuance of a requisition
under section 21; and
(b) the investigation is not concluded before the end of 3 months beginning with the date immediately following the date of the deposit of the requisition,
it is the duty of the company to cause to be prepared, in respect of that period and each successive period of 3 months ending before the conclusion of the investigation, an interim report of the information received during that period in pursuance of the investigation.
(3) Each report prepared under subsection (2) shall be made available at the company's registered office within 15 days after the end of the period to which it relates.
(4) A report prepared under this section shall not include any information with respect to a company entitled to avail itself of the benefit conferred by section 128(3) or 129(3) of the Companies Ordinance (Cap. 32); but where any such information is omitted, that fact shall be stated in the report.
(5) The company shall, within 3 days of making any report prepared under this section available at its registered office, notify the requisitionists that the report is so available.
(6) An investigation carried out by a listed company in pursuance of a requisition under section 21 is regarded for the purposes of this section as concluded when the company has made all such inquiries as are necessary or expedient for the purposes of the requisition and in the case of each such inquiry, either a response has been received by the company or the time allowed for a response has elapsed.
(7) A report prepared under this section-
(a) shall be kept at the company's registered office from the day on which it is first available there in accordance with subsection (1) or (3) until the expiration of 6 years beginning with the day next following that day; and
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