Hong Kong Regulations

COMPANIES (FEES AND PERCENTAGES) ORDER - PARAGRAPH 10

Transitional and savings

(1) This paragraph relates to the fee payable under number I of Table B of
Schedule 3.

(2) Where an Official Receiver's or liquidator's account has been audited
before the commencement date but the fee payable in respect thereof has not
been paid before that date, the fee calculated under the old scale shall
continue to be payable except that where such fee together with all fees paid
in respect of previous accounts is higher than the fee that would be payable
if calculated under the new scale on the aggregate amount of assets realized
and brought to credit, a fee calculated under the new scale on the aggregate
amount of assets realized and brought to credit (giving credit for any amount
previously paid) shall be payable.

(3) In the case where a winding-up commenced before the commencement date
continues after that date the fee payable in respect of an account sent to the
Official Receiver under section 203 or, where the Official Receiver is
liquidator, prepared for the purposes of section 205, after the
commencement date shall be calculated under the new scale on the aggregate
amount of assets realized and brought to credit and in respect of any assets
brought to credit before the commencement date in respect of which a fee has
already been paid, credit shall be given as if a fee calculated under the
new scale had been paid.

(4) Subject to subparagraph (5) where a liquidator's account has been sent to
the Official Receiver or, where the Official Receiver is liquidator, has been
prepared, under section 203, before the commencement  date but has not been
audited before that date the fee payable in respect thereof shall be
calculated under the new scale.

(5) In the case referred to in subparagraph (4) where the account has been
sent or prepared (as the case may be) more than 3 months before the
commencement date and has not been audited before that date, the fee payable
in respect thereof shall be calculated under the old scale except that where
such fee is higher than the fee that would be payable under the new scale, a
fee calculated under the new scale shall be payable.

(6) Where an account relating to a period ending before the commencement date
is sent to the Official Receiver under section 203 or, where the Official
Receiver is liquidator, is prepared, for the purposes of section 205, after
the commencement date, the fee payable in respect thereof shall be calculated
under the new scale.

(7) In this paragraph-

"commencement date" (生效日期) means the date of the coming into operation
of the Companies (Fees and Percentages) (Amendment) Order 1987 (L.N. 198 of
1987);

"new scale" (新收費表) means the scale of fees prescribed in number I of
Table B of Schedule 3 as substituted by the Companies (Fees and Percentages)
(Amendment) Order 1987 (L.N. 198 of 1987);

"old scale" (舊收費表) means the scale of fees* prescribed in number I of
Table B of Schedule 3 in force immediately before the commencement date. (L.N.
198 of 1987)
___________________________________________________________________________
____ Note:

* For old scale of fees, see Companies (Fees and Percentages) Order  (Cap 32
sub. leg. 1985 Ed.)

"commencement date" (生效日期)

"new scale" (新收費表)

"old scale" (舊收費表)