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Prosecution Case Details

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20 April 2016

In April 2016, NICE CHEER INTERNATIONAL ENTERPRISES LIMITED (CR No. : 594661) was prosecuted by the Companies Registry and convicted at the Eastern Magistrates’ Courts for failing to either register a person as a member of the Company in respect of the shares transmitted to her by operation of law or send her notice of refusal of registration, within the prescribed time of 2 months after receiving notification by her of her wish to be so registered, in contravention of section 158(2) of the Companies Ordinance, Cap.622. A fine of $25,000 was imposed by the Court.

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