Permitted indemnity provision of directors hk
WebJan 31, 2014 · Such indemnity must not cover the following:- 1. criminal fines; 2. penalties imposed by regulatory bodies; 3. defence costs of criminal proceedings where the director is found guilty; 4. defence costs of civil proceedings successfully brought against the director by the company or an associated company; WebIndemnity of directors A permitted indemnity provision (as defined in section 469 of the Hong Kong Companies Ordinance) for the benefit of the directors of the Company is currently in force and was in force throughout this year. Auditors KPMG retired as auditor of the Group upon signing the auditor’s report of the 2024 consolidated financial
Permitted indemnity provision of directors hk
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WebDrafting and Making Legislation in Hong Kong. ... (if available) to download and print the provision(s) in HTML or RTF format. Printing Whole Chapter: To print the whole chapter in … WebDec 17, 2024 · Hong Kong law restricts a company from indemnifying its directors but not other officers. A company may not indemnify a director against: liability to the company …
Webbasis that she would have the protection of the indemnity provisions in the Articles while acting as a director. 2. Did the indemnity provisions in the Articles extend to former, rather than just current, directors? Ms Cummings had resigned as a director of Tangerine by the time she had reason to rely on the indemnity provisions in the Articles. WebJul 31, 2014 · Under the New CO, a company is prohibited from indemnifying its directors or director of its associated companies against any liability that would otherwise attach to …
Webcompany, the reasons for the resignation of any director, directors’ permitted indemnity provisions and the modified requirement to provide information concerning material interests of directors in transaction, arrangement or contract. 6. Specifically, section 3 of the Regulation restates section 129D(3)(k) WebA centrally-located venue at the heart of Hong Kong financial hub, the HKEX Connect Hall is an iconic venue for Hong Kong’s financial community. ... Transactions relating to non …
Web釋義及適用範圍 (1) 在本分部中 —— 第三者 ( third party )就 公司 而言，指既非該 公司 亦非某 有聯繫 公司 的人； 獲准許的彌償條文 ( permitted indemnity provision )就 公司 而言， …
WebA company which provides any permitted indemnity to its directors or its associated company’s directors must disclose the indemnity provision in the directors’ report … tapping solutions robert zinkWebRelated to permitted indemnity provision. Related Indemnified Person means, with respect to any Indemnitee, (a) any controlling person or controlled affiliate of such Indemnitee, (b) the respective directors, officers or employees of such Indemnitee or any of its controlling persons or controlled affiliates and (c) the respective agents, advisors or representatives … tapping sound air conditionerWebJul 28, 2024 · Section 145 (c) (1) provides that to the extent a director has been successful on the merits or otherwise in defense of any action, suit, or proceeding referenced in Section 145 (a) or Section 145 (b), the director shall be indemnified against expenses actually and reasonably incurred by the director in connection therewith. tapping solution for anxiety relief programWebA company which provides any permitted indemnity to its or its associated company’s directors must disclose the indemnity provision in the directors’ report under section 470 … tapping solution for weight lossWeb主頁; 搜尋; 索引. 章號索引; 中文標題索引(按中文筆劃數目排列) 英文標題索引(按英文字母排列) 條例中文主題索引 tapping solution for pain reliefWebKong should be addressed to the Director, Operation and Finance, Hong Kong Institute of Certified Public Accountants, 37/F., Wu Chung House, 213 Queen's Road East, Wanchai, … tapping sound crosswordWebThe Company shall have entered into a Directors Indemnification Agreement in the form attached as Exhibit I (the “Directors Indemnification Agreement”) with each of the directors of the Company ( including the directors designated by the Investors ). Sample 1 Sample 2. Remove Advertising. Directors Indemnification Agreement. tapping sound effect