New Companies Ordinance (Cap. 622)
The new Companies Ordinance (Cap. 622) ("the new CO"), which consists of 921 sections and 11 schedules, provides a modernised legal framework for the incorporation and operation of companies in Hong Kong.
To facilitate implementation of the new CO, 12 pieces of subsidiary legislation have been made to provide for the relevant technical and procedural matters.
The new CO and the subsidiary legislation have commenced operation on 3 March 2014.
The Companies Ordinance (Cap. 32) has been retitled as "Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32)" containing provisions relating to prospectuses, winding-up, insolvency of companies and disqualification of directors.