Winding Up HK Companies

[1] Modes In Which a Company Is Wound Up In Hong Kong 

[2] Ways Under Which a Company Is Wound Up Voluntarily

 

 

 

* Section 169 of the Companies (Winding Up & Miscellaneous Provisions) Ordinance provides for two modes of winding up a company: winding-up by the court (compulsory) and non-court winding-up (voluntary). For the latter, if the winding up is initiated by the members of the Company, it is a members' voluntary winding-up. If the winding up is initiated by the creditors of the Company, it is a creditors' voluntary winding up. In a proposed winding up, where both the creditors and the members nominate different individuals to act as the liquidators for an insolvent company, the nomination by the creditors shall take precedence.

169.     Modes of winding up

(1)       The winding up of a company may be either—

(a)           by the court; or

(b)           voluntary.

(2)       The provisions of this Ordinance with respect to winding up apply, unless the contrary appears, to the winding up of a company in any of those modes.

 

* 根據公司（清盤及雜項條文）條例第169條規定，清盤方式劃分為法庭頒令作出，也可以不經過法庭啓動自動清盤。視乎啓動人身份，後者可以細分為成員自動清盤及債權人自動清盤。在債權人自動清盤中，在提名清盤人時候債權人有優先話語權。如果債權人不提名的，由股東提名之清盤人補上。

169.     清盤方式

(1)       公司清盤可 ——

(a)           由法院作出；或

(b)           屬於自動清盤。 

(2)       除非有相反規定，否則本條例有關清盤的條文適用於以任何該等方式作出的公司清盤。