Company Secretary FAQ

What are the responsibilities of a company secretary?
- Ensure compliance with the Companies Ordinance.
- Prepare and file Annual Returns (NAR1).
- Update and maintain statutory records, including the Significant Controllers Register.
- Notify the Companies Registry of any changes to the company’s structure or directors.
What happens if I fail to appoint a company secretary?

Failure to appoint a company secretary is a breach of the Companies Ordinance and may result in penalties or legal consequences.
What are the consequences of late submission of Annual Return (AR)?
A company which fails to deliver its annual returns to the Companies Registry within the prescribed time period is in breach of the Companies Ordinance and is subject to paying a higher registration fees as follows:

Penalties for late submission of the Annual Return if it is delivered:
- More than 42 days after but less than 3 months of the company’s return date@ – HKD870
- More than 3 months after but less than 6 months of the company’s return date@ – HKD1,740
- More than 6 months after but less than 9 months of the company’s return date@ – HKD2,610
- More than 9 months after the company’s return date@ – HKD3,480
@ anniversary of the date of its incorporation

Pursuant to the Companies Ordinance Cap. 662, the company and every responsible person of a local private company failing to comply with the corresponding requirement are liable to prosecution. Once convicted, a fine for the breach of the filing obligation will be imposed.The maximum penalty for failing to deliver an annual return is a fixed penalty of $50,000 and a daily default fine of $1,000 for each day during which the default continues.
How can I learn more about the Company Secretary Service of Brilliant Business Centre?

Please visit the Company Secretary Service page.
https://www.bbcl.com.hk/us/company-secretary-service