Promoting Paperless Corporate Communication for Hong Kong Companies
Under the CO, a company may, subject to with the agreement of its member or debenture holder (“prior agreement”), send the documents or information to the member or debenture holder by electronic means such as by email. Also, a company may, subject to prior agreement, communicate with members or debenture holders by making documents or information available on the website.
To further promote paperless corporate communication by means of website, the CO is amended by introducing an implied consent mechanism, streamlining notification requirements and at the same time introducing appropriate safeguard measures to protect members’ or debenture holders’ interests.
The Amendment Ordinance seeks to modernise the CO and the Companies (Model Articles) Notice (Cap. 622H) to effect the above arrangements.
The Amendment Ordinance was published in the Gazette on 17 January 2025 and is now available in this thematic section. More information in relation to the promotion of paperless corporate communication for Hong Kong companies, including External Circular, Frequently Asked Questions etc. will be available soon.