A Hong Kong private company may make an application to the Companies Registry for deregistration in Hong Kong in accordance with Section 750 of the Companies Ordinance if :
Atrix assists clients to prepare all the relevant documents in relation to deregistration in Hong Kong and to attend filings of all required documents with the HKIRD and the Companies Registry.
Only a limited company, which is formed and registered under the Companies Ordinance, can be wound up. The term “winding-up” (or “wound-up”) bears a similar meaning of “liquidation”. It generally means that all the assets of the company would be realised (sold off and converted to cash) through a legal process in order to repay its debts. Winding-up would bring a company to an end.
When a Hong Kong company is solvent (solvent company defined as a company which can settle all of its debts in full) may also be dissolved by MVL.
Preceding a CVL would be a situation either the company cannot pay its debts as they fall due or it has more liabilities than assets. In some circumstance, a provisional liquidator would be appointed for assets protection to the company until the meeting of creditors at which the liquidator is appointed.
Powers and Duties of Liquidator
Director’s Power under CVL