Launch Of SCR Website
Built for the community, RegenSec, member of our Professional Hub, launch today their first website at www.scr.hk where information and tools for production of "Significant Controller Register" is available to casual users for free or to power users with additional features by paying a nominal charges.
Background of Significant Controller Register (SCR)
HKSAR Companies Registry (CR) introduces new requirements on the company record keeping, according to The Companies (Amendment) Ordinance 2018. New requirements has been applied since 1 March 2018. Under the Ordinance, company incorporated in Hong Kong should obtain and maintain up-to-date beneficial ownership information by way of keeping a Significant Controllers Register. The Register should be open for inspection by law enforcement officers upon demand.
- Should all company maintain the registration?
The requirement of keeping SCR applies to ALL companies formed and registered under the Companies Ordinance.
- Who is the significant controller of my company?
The person who holds more than 25% issued share or the right to share profits or capital of the company
- How should I keep a registration record?
Keep justified record of your SCR within HKSAR
- How could I ensure my record is correct and fully fulfill the requirement?