G. The Companies Ordinance (Cap.622)
We have discussed about the characteristics and pros and cons of the 3 most common types of business organisations: the sole proprietorship, the partnership and the limited company. It appears that the limited company is the prime choice for most businessmen. It is therefore essential to take a look at the statute governing the limited company: the Companies Ordinance (Cap.622 of the Laws of Hong Kong) (the “CO”).
The following are highlights of some parts of the CO.