A fully and complete annotations of the new Companies Ordinance (Cap. 622) on all 921 sections and 11 schedules, including all 12 provisions of the Subsidiary Legislation (Cap. 622A – 622L) Key changes to the new Companies Law examined here include: • New Sets of Model Articles for adoption in whole or in part by companies incorporated after 3 March 2014; • Sections 67 & 98: Memorandum of Association no longer required as the Articles of Association is now the company’s constitutional document; • Section 135: Abolition of Par Value Shares for all companies; • Section 457: Required that at least one natural person be the director of a private company; • Section 465 and Part 11: New Duty of Care imposed upon Directors of Companies – Directors must now exercise the reasonable care, skill and diligence which would be exercised by a reasonable person with the general knowledge, skill, and experience that a director in a similar situation has based on both an objective & subjective test; • Sections 359, 361, and 364: Facilitating Small and Medium-Sized Entities (SMEs) to prepare simplified financial and director report as intended to facilitate more business. Highlights of this 2-Volume Set includes: • Insightful Commentary and Annotations of all 921 Sections and 11 Schedules of the New Companies Law (Cap. 622); • Additional Commentary and Annotations of 12 Provisions of the Subsidiary Legislation (Cap. 622A – 622L) ; • Comparative Reference Table showing a section by section comparison of the preceding Company Law (Cap. 32) with that of its new counterpart sections in the New Companies Law (Cap. 622); • Select List of Specified Forms for Use Under the New Companies Ordinance; and • Briefing and Consultation Notes on all 21 Parts of the New Companies Ordinance.