How does change of directors in Hong Kong work?
The resolution is required to be prepared and signed by all the current directors of the company. After the resolution is returned, we will process the company documents to the Hong Kong Government for the change of directors. The government will then update their records with the provided documents for the change of director.
What happens if a company does not have a director?
If the company doesn’t have a director. You must appoint a new director if your company doesn’t have one, for example if a sole director has died. Companies House will eventually strike off a company that doesn’t have a director but this can make it more difficult to manage any company assets. Shareholders must agree to appoint a new director…
When do you need to appoint a new director of a limited company?
You must appoint a new director if your company doesn’t have one, for example if a sole director has died. Companies House will eventually strike off a company that doesn’t have a director but this can make it more difficult to manage any company assets. Shareholders must agree to appoint a new director and may need to vote on it.
Do you have to pay corporation tax if there is no director?
Your company still needs to pay corporation tax and file a tax return even if there’s no director. You don’t have to close your company if it’s no longer trading. You can let it become ‘dormant’ for tax as long as it’s not: Your company will still be registered at Companies House.
Who is involved in the acquisition of a company?
An IT specialist merges your technical infrastructure with that of the new company. A public relations officer promotes the merger to the public. This person informs your business partners and customers about the new merger. These people will work to provide useful information on the company.
Who was the CEO of Schering when it was acquired by Pfizer?
One strength was Hall’s previous experience managing during a merger: He’d been in the tax department of Warner-Lambert when it was acquired by Pfizer. In addition, he was a solid performer whose star was rising at Schering, and after nine years at the company, he knew all its financial ins and outs.
What happens when your company has been sold?
And everyone wonders if the new owners understand our business, respect our culture, and value what we’ve accomplished. You’re no different. Like everyone else, you’ve been “divested from the portfolio.” Now, you’re a redundancy and a cost, nameless and expendable. With one handshake they wiped away what you’d been working towards.
Who is the Finance Director of Schering Plough?
Tom Hall, a senior finance director at pharmaceutical company Schering-Plough, conducted this sort of analysis when he learned that his company would be acquired by a rival, Merck. One strength was Hall’s previous experience managing during a merger: He’d been in the tax department of Warner-Lambert when it was acquired by Pfizer.