c123

Sec.584(1)

Change of law for modern time

How the new company law Sec. 584(1) that governs meeting creates a new business opportunity and challenge for company secretary in both public and private practices?

How is it possible?
  1. Hong Kong has adopted the new Company Ordinance of 2004. Under the new law, a company may hold a general meeting at 2 or more places using any technology. Sec. 584 (1).
  2. The main requirements are all members can “listen”, “speak” and “vote” at the meeting. Place is not important while time is still an essence of the meeting.
  3. The development of new technology like the Internet allows people to connect with each other in real time with no physical boundary. The new law has quickly recognized that reality and to make the best use of that development.
The Law

 

  1. A company may hold a general meeting at 2 or more places using any technology. Sec.584(1).
  2. The main requirements are all members can “listen”, “speak” and “vote” at the meeting.
  3. Place is not important while time is still an essence of the meeting.
The Observation

   

  1. The development of new technology like the Internet allows people to connect with each other in real time with no physical boundary. The new law has quickly recognized that reality and to make  the best use of the new development.
  2. If you are planning to adopt this option, be sure to get the mechanism that can do the “listen”, “speak” and “vote” options in it.
Our Response
  1. Based on the new law, we have developed a new software system that enable you to set up an online board or general meeting facility for your clients.
  2. We called the new software MCSA (for meeting administrator) and Company123 (for members to attend meeting online).
MCSA + Company123
  1. MCSA is a fast and easy-to-use board and members meeting software application. It is specifically designed for CSA users and meeting administrator to set up the board or member’s meeting by just “one click” on the net.
  2. For non-CSA users, they can still use our intelligent “Guild” to create the board and members’ meeting.
  3. Company123 is a mobile App to provide a secured space on the net to allow members and directors of a company to hold a statutory or ordinary meeting.
  4. Meeting participants can use their tablet, iPad or mobile phones to gain access to the secured site to join and vote at the meeting.
  5. Meeting administrator uses the MCSA to monitor and manage the various stages of the meeting.