The new Companies Ordinance: your guide

摘要

This month the Companies Registry concludes its series of articles introducing the major changes brought in by the new Companies Ordinance. In this final article in the series, Ada Chung, Registrar of Companies, and Phyllis McKenna, Deputy Principal Solicitor, HKSAR Government, look in more detail at two major initiatives of the new law, namely, the abolition of the memorandum of association and the abolition of the par value of shares.