15 January 2019
In January 2019, a director of PROGRESSIVE 3 LIMITED (CR No. 2004755) (“the Company”), was prosecuted by the Companies Registry and convicted at the Shatin Magistrates’ Courts under section 750(6) of the Companies Ordinance, Cap. 622, for giving information to the Registrar of Companies that is false or misleading in a material particular in connection with an application for deregistration of the Company, namely, that the Company was not a party to any legal proceedings. A fine of $10,000 was imposed by the Court.