Hong Kong Ordinances

COMPANIES ORDINANCE - SECT 10

Regulations required in case of unlimited company or company limited by guarantee

(1) In the case of an unlimited company the articles shall state the number of
members with which the company proposes to be registered and, if the company
has a share capital, the amount of share capital with which the company
proposes to be registered. (Amended 6 of 1984 s. 9)

(2) In the case of a company limited by guarantee, the articles shall state
the number of members with which the company proposes to be registered.
(Amended 6 of 1984 s. 9)

(3) Where a company not having a share capital has increased the number of its
members beyond the registered number, it shall, within 15 days after the
increase was resolved on or took place, give to the Registrar notice of the
increase, and the Registrar shall record the increase. If default is made in
complying with this subsection, the company and every officer of the company
who is in default shall be liable to a fine and, for continued default, to a
daily default fine. (Amended 7 of 1990 s. 2) [cf. 1929 c. 23 s. 7 U.K.]