Compliance & Enforcement
Compliance & Enforcement
| Defendant(s) | Offence(s) | Result | Remarks |
|---|---|---|---|
| Bankruptcy case(s) | |||
| A bankrupt | Fraudulent removal of any part of his property to the value of HK$50 or upwards, contrary to section 129(1)(e) of the Bankruptcy Ordinance, Cap. 6. | The Defendant was convicted at the Eastern Magistrates’ Courts and sentenced to 6 months' imprisonment (suspended for 24 months) with fines at HK$10,000. | Case Summary |
| A bankrupt | Obtaining credits to the extent of HK$100 or upwards from third party without disclosing bankruptcy status, contrary to section 131(a) of the Bankruptcy Ordinance, Cap. 6. | The Defendant was convicted at the Eastern Magistrates’ Courts and sentenced to 6 weeks’ imprisonment, suspended for 24 months. | Case Summary |
| A bankrupt | Failure to keep proper books and accounting records during the period in the 2 years immediately preceding the date of the presentation of the bankruptcy petition, contrary to section 134 of the Bankruptcy Ordinance, Cap. 6. | The Defendant was convicted at the Eastern Magistrates’ Courts and fined HK$2,000. | Case Summary |
| Winding-up case(s) | |||
| A director | (i) Failure to keep proper books of account throughout the period of 2 years immediately preceding the commencement of winding-up of the company, and the Defendant, being a director was in default in respect of such failure, contrary to section 274(1) of the Companies (Winding Up and Miscellaneous Provisions) Ordinance, Cap. 32. (ii) Failure to take all reasonable steps to secure compliance by the company with the requirement to preserve its accounting records required to be preserved by it for 7 years after the end of the financial year to which the last entry made or matter recorded in the records relates, contrary to sections 377(2) & (3) and section 373(1) of the Companies Ordinance, Cap. 622. |
The Defendant was convicted of 2 charges at the Eastern Magistrates’ Courts and fined HK$2,000 for each charge (i.e. a total of HK$4,000). | Case Summary |
| A director | (i) Failure to keep proper books of account throughout the period of 2 years immediately preceding the commencement of winding-up of the company, and the Defendant, being a director was in default in respect of such failure, contrary to section 274(1) of the Companies (Winding Up and Miscellaneous Provisions) Ordinance, Cap. 32. (ii) Failure to take all reasonable steps to secure compliance by the company with the requirement to preserve its accounting records required to be preserved by it for 7 years after the end of the financial year to which the last entry made or matter recorded in the records relates, contrary to sections 377(2) & (3) and section 373(1) of the Companies Ordinance, Cap. 622. |
The Defendant was convicted of 2 charges at the Eastern Magistrates’ Courts and fined HK$2,000 for each charge (i.e. a total of HK$4,000). | Case Summary |