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8 January 2020
In January 2020, WEALTHY SURE LIMITED (CR No. 1052702), ABLE CHINA CREATION LIMITED (CR No. 1623933), RICH WAVE CORPORATION LIMITED (CR No. 1701386), HEAD TREND LIMITED (CR No. 1206377), POWER EASY CORPORATION LIMITED (CR No. 1785144), JOIN BILLION LIMITED (CR No. 1386311) and SINO FRIENDSHIP DEVELOPMENT LIMITED (CR No. 1478970) were prosecuted by the Companies Registry and convicted at the Eastern Magistrates’ Courts.
WEALTHY SURE LIMITED was prosecuted and convicted of 3 counts of charges under sections 627(1), 641(1) and 648(1) of the Companies Ordinance, Cap. 622 (“the Ordinance”), for failing to keep the register of members, the register of directors and the register of company secretaries. A total fine of $12,000 was imposed by the Court.
ABLE CHINA CREATION LIMITED and RICH WAVE CORPORATION LIMITED were each prosecuted and convicted of 4 counts of charges (i) under sections 627(1), 641(1) and 648(1) of the Ordinance, for failing to keep the register of members, the register of directors and the register of company secretaries and (ii) under section 653M(1) of the Ordinance, for failing to keep the significant controllers register at its registered office. Each of the companies was fined $16,000.
HEAD TREND LIMITED and POWER EASY CORPORATION LIMITED were each prosecuted and convicted of 4 counts of charges (i) under sections 627(1), 641(1) and 648(1) of the Ordinance, for failing to keep the register of members, the register of directors and the register of company secretaries and (ii) under section 3(1) of the Companies (Disclosure of Company Name and Liability Status) Regulation, Cap. 622B (“the Regulation”), for failing to display continuously the company name in legible characters at its registered office. Each of the companies was fined $16,000.
JOIN BILLION LIMITED was prosecuted and convicted of 5 counts of charges (i) under sections 627(1), 641(1) and 648(1) of the Ordinance, for failing to keep the register of members, the register of directors and the register of company secretaries; (ii) under section 653M(1) of the Ordinance, for failing to keep the significant controllers register at its registered office and (iii) under section 3(1) of the Regulation, for failing to display continuously the company name in legible characters at its registered office. A total fine of $20,000 was imposed by the Court.
SINO FRIENDSHIP DEVELOPMENT LIMITED was prosecuted and convicted of 5 counts of charges (i) under sections 628(1), 641(3), 648(3) and 653M(1) of the Ordinance, for failing to keep the register of members, the register of directors, the register of company secretaries and the significant controllers register at its registered office and (ii) under section 3(1) of the Regulation, for failing to display continuously the company name in legible characters at its registered office. A total fine of $20,000 was imposed by the Court.
