After Mar., 2014, a new companies ordinance was effected in
After Mar., 2014, a new companies ordinance was effected in Hong Kong, Cap 622. section 612(2)(a) says that a company is not also required to hold an annual general meeting in accordance with section 610 if the company has only one member.Our company has one shareholder now. The questions are how to write minutes I) to re-appoint directors , 2) re-appoint auditors 3) approve audited account which we did in annual general meeting (AGM) in the previous years as we are not required to hold AGM in this year.Section 396 (3) (a) a company must appoint the auditor of the company for a financial year by a resolution passed at a general meeting if by virtue of section 612(2) , it is not required to hold an AGM in accordance with section 610 in respect of the previous financial year. The Articles 30 of Association of our company require directors retire at the company's AGM and the retired directors can be re-appointed.In previous year , we write a directors' minutes to call an AGM, to note the retire of directors according to 30 Articles of Association & being re-appointed, to note the re-appointment of auditors and to note the available for approval of audited accounts in the forthcoming AGM and sent the related notice. In AGM, we approve the audited account, the directors retired and be re-appointed, and re-appoint the auditor until the conclusion of the next AGM.I want to know the exact wordings in the minutes/ resolutions of how to write the directors' resolutions and shareholder's resolutions which we had done as in the AGM of previous to pass the above issues.
I was (I resigned over this issue) on the board of directors
I was (I resigned over this issue) on the board of directors of a local 501c3 table tennis club. during our annual general meeting a group of 8 candidates (the current secretary was not one of the approved candidates, see below) for the upcoming board of directors was approved. it was agreed that members were to have one week to vote for up to 5 candidates for the board.a few days after the meeting, the secretary with apparent approval from the president, decided that one candidate should not be allowed to run because his annual dues had not been paid. the candidate not allowed to run is an elderly irascible gentleman in ill health with a history of bad blood with the secretary. I immediately offered and did pay the elderly gentlman's dues.voting commenced immediately after the meeting. the candidates were listed with letters a-h adjacent to their names. we voted by writing the letters associated with each of 5 candidates on a slip of paper and giving it to the president.mid week, the secretary forwarded a new candidate list to the membership with his name replacing the elderly gentleman's in the 'b' position. as a setting board member, I protested this via email immediately and demanded a correction. I was denied by the president and secretary and therefore resigned via email.the secretary is well healed and likely to have a large umbrella policy. the elderly gentleman is not well healed and being an accepted member of the table tennis community is of inordinate value to his mental health.is there a case?
I have a question on a Trademark, Minneasota Not yet, No,
I have a question on a TrademarkJA: What state are you in? And have you consulted a local attorney?Customer: Minneasota Not yetJA: Has anything been officially filed? If so, what?Customer: NoJA: Anything else you want the lawyer to know before I connect you?Customer: The name is ***** ***** looking to use is The Coral Supply Company. I did find a company using Coral Supply in CA. Is it infringement to use the name I am looking to use?
Counselor at Law
Second opinion] - I have an employee with IBS that spends at
Second opinion] - I have an employee with IBS that spends at times 20 minutes on a bathroom break. Should I pay her for those bathroom breaks?JA: Have you documented this or discussed it with HR?Customer: We are a small company that has no HR departmentJA: Is the employment agreement "at will," union, full time or part time?Customer: at will full timeJA: Anything else you want the lawyer to know before I connect you?Customer: she has acquired a Doctors approval for FMLA to cover these bathroom events but the issue of being paid has arisen
If there are two privately held businesses, one in a mature
If there are two privately held businesses, one in a mature market that is losing value, the other a successful business growing, both owned by the same person, what benefit would there be to an acquisition of the weaker company by the stronger company? I know the own wants to cash out and sell the weak company before it continues to lose value or become worthless, and saddle the other company with a note created by him to finance this acquisition, but since the owner already owns 100% of the stronger company (which is now being saddled with debt to make the acquisition), the owner could achieve the same result by continuing to run the two companies separately and simply forcing the stronger company to take out a note to pay himself whatever he wanted, or pay himself bonuses to equal whatever money he wanted. Is there a tax benefit for this acquisition or perhaps it could be used to somehow hamstring one of the productive partners in the more successful business (there is no equity sharing at the stronger company, just compensation based on profitability).
My second home is being posted for sale in Nov pursuant to a
My second home is being posted for sale in Nov pursuant to a civil judgement property levy and saleThe judgement is $8000 but there is a first lien on the my second home of C$161,000 and the home is worth less than what we owe .On the Constable Notice to sale levy it stats all bidders are responsible to pay all liens over and above the judgement amount so is it common for someone to bid on the home and pay more than its worth ?What can I do to stop this sale in Nov. because we do not have the $8000 .Hopeless
I am a sole member of a contracting company (LLC). Due to
I am a sole member of a contracting company (LLC). Due to high expenses and debt the company ceased operation in April of 2015. My wife and I filed for Chapter 7 bankruptcy and were advised to "rollup" the company. Despite the advise, later in the same year I reinstated my contractor license and and did not dissolve the LLC. Since then I have continued operations as the sole employee on a very limited part-time basis despite the company still having roughly $200,000 in delinquent debt.I would like to resume contracting work on a full time basis and would like advice on the best way to proceed. Do I risk exposure if I now form a new entity? If so, what are the potential ramifications of continuing to operate the existing company?