Chapter: 32  COMPANIES ORDINANCE

Section Num: 129A  Version Date 01/12/2005

Particulars to be shown in subsidiary company's accounts in relation to its ultimate parent undertaking

(1) Subject to subsection (2), where, at the end of its financial year, a company is the subsidiary of another undertaking, there shall be stated in, or in a note on, or statement annexed to, the company's accounts laid before it in general meeting

(a) the name of the undertaking regarded by the directors as being the company's ultimate parent undertaking; and

(b) if known to them

(i) where the undertaking is a body corporate, the country in which it is incorporated; and

(ii) where the undertaking is not a body corporate, the address of its principal place of business.

(2) Subsection (1) shall not require the disclosure by a company which carries on business outside Hong Kong of information with respect to the undertaking regarded by the directors as being the company's ultimate parent undertaking if

(a) the disclosure would, in their opinion, be harmful to the business of that parent undertaking or of the company or any other of that parent undertaking's subsidiaries; and

(b) the Financial Secretary agrees that the information need not be disclosed.

(Replaced 12 of 2005 s. 8)