Demystifying the Duty of a Company Secretary in Hong Kong

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17 June 2020

Business

Company Secretary in Hong Kong

The Hong Kong Companies Ordinance, Chapter 622, makes it mandatory for every company to be registered in Hong Kong to have a company secretary. So important is the company secretary that indeed, your company will not be registered without one. In this post, we will look at the duties of a company secretary in a Hong Kong company.

What is a Company Secretary?

First, it is important to appreciate that a company secretary is completely different from common clerks who do clerical work. According to the Companies Ordinance, a company secretary is a senior officer in a company who is responsible for efficient administration, especially with respect to ensuring compliance with statutory requirements. So, you need to ensure that only the most qualified and committed person gets the job.

The Main Duties of Company Secretary

Duties of Company Secretary

From the definition of a company secretary, there is no doubt that the roles he does and how he does them will greatly impact the company’s success. So, let us start by understanding the duties of a company secretary.

Fulfilling the Company’s Tax Obligation

When opening a company in Hong Kong, it is important to understand that the administration runs a business economy because the registered enterprises serve as the primary source of revenue. Therefore, the administration takes tax matters very seriously. Your company secretary is charged with the responsibility of ensuring that the company meets all its tax obligations. Some of these obligations include:

  • Overseeing the filing of the tax returns correctly and on time.
  • Seeking additional approval or clarifications on tax-related matters.
  • Registering the company with IRD (Inland Revenue Department).

Keeping Statutory Books

The Hong Kong Companies Ordinance also designates the company secretary as the custodian of the statutory books. This implies that the secretary should have every document that the government might need to inspect. In addition to keeping these books of account, the company secretary is also responsible for:

  • Updating the details on statutory books.
  • Producing and distributing company accounts and reports.

Planning and Attending Company Meetings

Company Meetings

As we indicated earlier, the company secretary is involved with top-level management, and one of that roles is planning the company’s meetings. This is considered an important role because it is in these meetings that actions to be taken on different areas, such as books of accounts and employment, are made. Here is a breakdown of these duties:

  • Organize board meetings.
  • Participate in board meetings.
  • Prepare the agenda of the company meetings.
  • Implement the decisions made during meetings in compliance with laws.
  • Advise the company on compliance with the law.

Other Duties of a Company Secretary

While the roles we have outlined above are considered the core for a company secretary, they are not the only ones. Other administrative duties include:

  • Communicating with shareholders, the Stock Exchange, and regulatory bodies on behalf of the company.
  • Observing the company developments and giving advice to the board of directors.
  • Guiding the company through the process of liquidation.

If you are planning to incorporate a company in Hong Kong, the position of a company secretary is very important and should only be entrusted to a qualified and experienced person. With the best company secretary, you can rest assured that the business will make the best decisions and grow into the multinational of your dreams.

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Mashum Mollah is the feature writer of Search Engine Magazine and an SEO Analyst at Real Wealth Business. Over the last 3 years, He has successfully developed and implemented online marketing, SEO, and conversion campaigns for 50+ businesses of all sizes. He is the co-founder of Social Media Magazine.

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Optimizing Storage In A Warehouse

Optimizing Storage In A Warehouse

Welcome, warehouse wizards and storage enthusiasts, to a world where storage solutions become extraordinary! Prepare to embark on a thrilling journey as we unveil the secrets to transforming your warehouse into a space of efficiency, organization, and, dare we say, a touch of magic. Imagine a realm where every inch of your storage space is optimized to its fullest potential, where inventory is easily accessible with a mere flick of a wand (or swipe of a finger), and where productivity soars to spellbinding levels. In this blog post, we will delve into innovative techniques, cutting-edge technologies, and practical strategies you manage and optimize storage in your warehouse. So gather your wands of ingenuity, don your capes of efficiency, and get ready to unlock the secrets to maximizing space utilization and streamlining warehouse operations! The Importance Of Optimizing Storage In A Warehouse Efficient storage management is not just a matter of convenience; it plays a crucial role in the success of any warehouse operation. The optimization of storage space holds numerous benefits, including: Maximizing space utilization: Warehouses often face the challenge of limited space. By optimizing storage, you can make the most of the available space, allowing for increased storage capacity without the need for expansion. Utilizing every square foot effectively ensures that inventory can be stored and accessed efficiently, minimizing wasted space and reducing the risk of overcrowding. Streamlining inventory management: Efficient storage systems enable better organization and categorization of inventory. With optimized storage, items are logically arranged, labeled, and easily accessible, facilitating streamlined inventory management processes. This reduces the time spent searching for items, eliminates errors in picking and packing, and improves order fulfillment speed and accuracy. Enhancing workflow efficiency: An optimized storage layout enables smooth workflow patterns within the warehouse. By strategically placing items closer to high-traffic areas or frequently accessed zones, you can minimize travel time, reduce congestion, and increase overall operational efficiency. This translates to improved productivity, faster order processing, and enhanced customer satisfaction. Preventing damage and loss: Proper storage optimization includes considerations for the safe and secure handling of inventory. By utilizing appropriate storage solutions such as racks, shelves, or automated systems, you can prevent damage caused by improper stacking, mishandling, or environmental factors. This reduces the risk of product loss, minimizes inventory shrinkage, and protects the overall value of stored goods. Cost savings: By optimizing space utilization, you can avoid unnecessary expenses associated with expanding or relocating to larger facilities. Additionally, streamlined inventory management reduces the risk of overstocking or understocking, optimizing stock levels and minimizing holding costs. Lastly, improved workflow efficiency enhances labor productivity, reducing labor costs over time. Safety and compliance: An optimized storage system promotes a safer working environment by reducing clutter, eliminating obstacles, and ensuring compliance with safety regulations. By implementing proper storage techniques and utilizing safety features such as guardrails, signage, and designated walkways, you can mitigate the risk of accidents, injuries, and potential liability issues. Top 3 Ways To Optimize Storage In Your Warehouse Now that we understand the importance of optimizing storage in a warehouse, it's time to unveil the top three strategies that will help you unlock the full potential of your storage space. These strategies will guide you toward achieving maximum efficiency, organization, and productivity. 1. Efficient Space Planning Efficient space planning is a fundamental step toward optimizing storage in your warehouse. By carefully analyzing and organizing your available space, you can make the most of every square foot, effectively utilizing the area to its maximum potential. Here are some vital considerations for efficient space planning: Evaluate layout: Start by assessing your warehouse layout and identifying areas where space is underutilized or inefficiently used. Look for opportunities to rearrange shelving, racks, and workstations to create a more streamlined and accessible flow. Categorize inventory: Classify your inventory based on the frequency of use, size, weight, and other relevant factors. This allows you to allocate appropriate storage space based on the specific needs of each item. Consider implementing an inventory management system to aid in categorization and tracking. Optimize aisles: Optimal aisle width is crucial for efficient movement within the warehouse. Strive for a balance between aisle space and storage capacity. Narrower aisles can maximize storage density, while wider aisles facilitate ease of navigation and equipment maneuverability. Implement clear signage: Clear and visible signage plays a vital role in efficient space planning. Labeling storage areas, shelves, and sections helps employees locate items quickly, reducing time spent searching and minimizing errors. 2. Utilizing Vertical Storage Solutions One of the most effective ways to optimize storage in your warehouse is by harnessing the power of vertical space. Vertical storage solutions make efficient use of the height of your facility, allowing you to store more items without expanding your floor area. Here are key strategies for utilizing vertical storage: Vertical racking systems: Install vertical racking systems, such as pallet racking or cantilever racks, to stack items vertically. These systems provide sturdy support and can accommodate various types of inventory, optimizing space utilization. Mezzanine floors: Mezzanine floors effectively double your storage space by utilizing vertical height. They are ideal for storing smaller or lighter items. Vertical lift modules (VLMs): These compact units consist of vertically arranged trays that store and retrieve items with the push of a button. VLMs are particularly useful for storing small to medium-sized items and optimizing picking and retrieval processes. Carousel systems: Carousel systems, also known as vertical carousels or lift modules, consist of rotating shelves or trays that bring items directly to the operator. These systems minimize travel time, increase picking efficiency, and maximize storage capacity in a compact footprint. Automated storage and retrieval systems (AS/RS): AS/RS solutions combine advanced technology and automation to optimize vertical storage. These systems use robotic cranes or shuttles to retrieve and store items, maximizing storage density and streamlining operations. Modula Inc. revolutionizes inventory management with its vertical storage solutions. Their efficient products, like the Modula Vertical Lift Module (VLM), optimize space in warehouses worldwide. Contact them for tailored storage solutions and expert guidance. 3. Implementing Inventory Management Systems Implementing an inventory management system is a crucial step in optimizing storage and streamlining warehouse operations. These systems provide real-time visibility into inventory levels, locations, and movement, enabling better control and efficient utilization of storage space. Here's how implementing an inventory management system can enhance storage optimization: Centralized inventory tracking: An inventory management system allows you to centralize inventory tracking, providing a comprehensive view of your stock levels across various locations. You can easily monitor inventory movement, identify slow-moving or obsolete items, and make data-driven decisions to optimize storage allocation. Demand forecasting and planning: Advanced inventory management systems often include demand forecasting capabilities. By analyzing historical data, sales trends, and market insights, these systems can help you forecast future demand accurately. This enables proactive inventory planning and optimization, reducing excess stock and ensuring adequate storage space for high-demand items. FIFO and lot control: For businesses handling perishable or time-sensitive goods, implementing inventory management systems that support First-In, First-Out (FIFO), and lot control is essential. These features ensure proper rotation of inventory, minimize waste, and prevent expired or obsolete items from occupying valuable storage space. Real-time alerts and notifications: Inventory management systems can send real-time alerts and notifications when inventory levels reach predefined thresholds. This ensures timely replenishment and prevents stockouts or overstock situations, optimizing storage space by maintaining optimal inventory levels. Barcode or RFID integration: Integrating barcode or RFID technology with your inventory management system enables seamless tracking and accurate identification of items. This streamlines picking, receiving, and inventory reconciliation processes, reducing errors and improving overall efficiency. Final Thoughts Optimizing storage in your warehouse is not just a mundane task but a transformative journey that can have a significant impact on your overall business success. It requires strategic planning, efficient use of space, and implementation of advanced systems. By embracing warehouse optimization, you can maximize storage capacity, streamline operations, and improve overall efficiency. So, don't wait any longer—start implementing these strategies today to transform your warehouse into a well-organized and highly productive space! Read Also: How To Get Product Ideas For Your Ecommerce Business Tips To Choose The Best Inventory Management Software 6 Things To Consider Before Choosing Web Hosting For Your Ecommerce Website

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how to harvest kale

How to Harvest Kale Throughout the Year: A Seasonal Guide

Kale is one of the most nutritious and versatile greens you can grow in your garden. It's packed with vitamins, minerals, antioxidants, and fiber and can be used in salads, soups, smoothies, and more. But how do you harvest kale throughout the year so that you can enjoy it fresh and crisp and also make it last longer? In this article, I will show you how to harvest kale so it keeps growing, how to harvest kale from the garden, how to store and freeze kale, and the health benefits and taste of kale. Additionally, I will also share some tips and tricks on how to grow kale successfully and how to use it in delicious recipes. Whether you're a beginner or an expert gardener, this guide will help you make the most of your kale harvest. What is Kale & Why Should You Harvest It? Kale has a mild, earthy, and slightly bitter taste, which can vary depending on the variety, growing conditions, and harvesting time. It can also become sweeter after a frost, as the cold temperatures trigger the plant to produce more sugars. Kale can be eaten raw or cooked, and it can complement many dishes and flavors. It can also be seasoned with salt, pepper, lemon juice, garlic, onion, vinegar, or any other condiments you like. Kale is not only tasty, but also healthy. It's low in calories and high in fiber, vitamins, minerals, antioxidants, and phytochemicals. It can help improve various aspects of health, such as: Eye health Kale is rich in lutein and zeaxanthin. These are carotenoids that protect the eyes from age-related macular degeneration, cataracts, and glaucoma. Kale also contains vitamin A, which is essential for vision and eye health. Blood pressure Kale is high in potassium, magnesium, and nitrates, which are compounds that help lower blood pressure and relax the blood vessels. Kale also contains vitamin C, which helps prevent homocysteine, an amino acid that can damage the blood vessels and increase the risk of cardiovascular diseases. Bone health Kale is a good source of calcium, magnesium, and vitamin K, which are important for bone health and density. Kale also contains vitamin C, which helps the body absorb calcium and produce collagen, a protein that strengthens the bones and connective tissues. Immune system Kale is loaded with vitamin C, which is a powerful antioxidant that boosts the immune system and fights off infections and inflammation. Kale also contains vitamin E, which enhances the immune response and protects the cells from oxidative stress. Digestion Kale is high in fiber, which helps regulate digestion and prevent constipation, diarrhea, and bloating. Fiber also feeds the beneficial bacteria in the gut, which improve the digestion and absorption of nutrients and support the immune system. Skin and hair Kale is rich in vitamins A, C, E, and iron, essential for healthy skin and hair. Vitamin A helps maintain the moisture and elasticity of the skin and prevents acne and wrinkles. Vitamin C helps produce collagen, which keeps the skin firm and smooth. On the other hand, vitamin E helps protect the skin from sun damage and aging. Iron helps deliver oxygen to the skin and hair cells and prevents anemia, which can cause hair loss and pale skin. How to Harvest Kale So It Keeps Growing? One of the best things about kale is that it's a cut-and-come-again crop. This means that you can harvest it multiple times throughout the season, as long as you do it correctly. Here are the steps to follow to harvest kale so it keeps growing: Choose the right time to harvest The best time to harvest kale is when the leaves are young and tender, usually about 30 to 40 days after planting. You can also harvest baby kale leaves about 15 to 25 days after planting. You should harvest kale before it starts to flower. This is when it produces yellow or white blossoms and becomes bitter and tough. Kale usually flowers when the days get longer and warmer. Therefore, you should harvest it more frequently in the spring and summer. Use a sharp knife or scissors to cut the leaves You can either cut the whole plant at the base, leaving about an inch of stem or cut individual leaves from the lower part of the plant, leaving the upper leaves to grow.  Additionally, you should cut the leaves about an inch above the soil to avoid damaging the crown and the roots. You should also avoid cutting too many leaves from one plant. This is because this will weaken the plant and reduce the yield. A good rule of thumb is to leave at least half of the leaves on each plant. Wash and dry the leaves You should wash the kale leaves as soon as possible after harvesting to remove any dirt, bugs, or pesticides. To rinse the leaves under cold water, you can use a colander or a salad spinner. After that, pat them dry with a paper towel or a cloth. You should also remove any damaged or yellow leaves, and trim any tough stems. Enjoy or store the leaves You can eat the kale leaves fresh, or store them in the refrigerator or freezer for later use. I will explain how to store and freeze kale in the next sections. How to Harvest Kale from the Garden? If you want to harvest kale from the garden, you need to follow some simple steps and tips to ensure a successful and bountiful harvest. Here are some things to consider when harvesting kale from the garden: Choose the right variety There are many varieties of kale to choose from, depending on your preference and climate. Some of the most common varieties are curly kale, which has dark green, and curly leaves that are great for salads and chips.  You can also try dinosaur kale, which has dark blue-green, flat leaves that are great for soups and stir-fries, and red Russian kale, which has purple-red, frilly leaves that are great for salads and smoothies. You can also choose kale varieties based on their maturity time, cold tolerance, flavor, and color. Some popular kale varieties are Winterbor, Redbor, Lacinato, and Scarlet. Plant the seeds or seedlings Depending on your preference and availability, you can plant kale seeds or seedlings in the garden. The best time to plant kale seeds or seedlings is in early spring, as soon as the soil can be worked, or in late summer or early fall, for a winter harvest. You can also plant kale seeds or seedlings every two to three weeks, for a continuous harvest. You should plant the seeds or seedlings about a quarter to half an inch deep, and one to two inches apart, in rows that are 18 to 24 inches apart. Additionally, you should water the seeds or seedlings well, and keep the soil moist until they germinate or establish, which usually takes seven to 14 days. Thin the seedlings When the kale seedlings have two to four true leaves, you should thin them to avoid overcrowding and competition. You should leave about six to 12 inches of space between each plant and eat or transplant the thinned seedlings. You should also weed the area around the kale plants regularly, to prevent pests and diseases. Harvest the leaves You can start harvesting kale leaves when they are big enough to eat, usually about 30 to 40 days (about one and a half months) after planting, depending on the variety. You can either harvest the whole plant or pick individual leaves from the lower part of the plant, leaving the upper leaves to grow. That is not all. You should harvest kale in the morning when the leaves are crisp and fresh and before the sun gets too hot. You should also harvest kale before it starts to flower, which is when it produces yellow or white blossoms and becomes bitter and tough. How to Store and Freeze Kale Kale is best eaten fresh, as it loses its flavor and texture quickly. However, if you have a large harvest, or you want to preserve kale for later use, you can store or freeze it. Here are the best ways to store and freeze kale: Store kale in the refrigerator: You can store fresh kale in the refrigerator for up to a week, if you keep it in a perforated plastic bag or a container with a lid. You should also avoid washing the kale before storing it, as this will make it wilt faster. You should wash the kale just before using it. Freeze kale raw: You can freeze raw kale without blanching it, which is a process of briefly cooking and cooling the vegetables to stop the enzyme activity that causes them to spoil. However, freezing raw kale will result in a mushy and watery texture and a loss of flavor and nutrients. To freeze raw kale, you should wash and dry the leaves, and then pack them in freezer bags or containers, leaving some space for expansion. You can freeze raw kale for up to six months, and use it in smoothies, soups, or casseroles. Freeze kale blanched: You can freeze blanched kale, which will retain its color, texture, flavor, and nutrients better than raw kale. To freeze blanched kale, you should wash and trim the leaves, and then blanch them in boiling water for two to three minutes, depending on the size of the leaves. You should then drain and cool the leaves and squeeze out the excess water. Moreover, you can then pack the leaves in freezer bags or containers, leaving some space for expansion. You can freeze blanched kale for up to a year, and use it in salads, sandwiches, or quiches. How to Use Kale in Different Cuisines and Recipes Kale is a versatile vegetable that can be used in many different cuisines and recipes. Whether you want to make a salad, a soup, a smoothie, or a casserole, kale can add flavor, color, and nutrition to your dish. Here are some examples of how to use kale in different cuisines and recipes: American cuisine Kale is a popular ingredient in American cuisine, especially in salads, sandwiches, and casseroles. You can make a kale and apple salad with walnuts and honey mustard dressing, or a kale and chicken sandwich with mayonnaise and cheese. You can also make a kale and cheese casserole with eggs, milk, and bread crumbs, or a kale and sausage quiche with pie crust and cheddar cheese. Mediterranean cuisine Kale is a common ingredient in Mediterranean cuisine, especially in Greek, Italian, and Spanish dishes. You can make a kale and feta cheese pie with phyllo dough and olive oil, or a kale and white bean soup with garlic, rosemary, and lemon juice. You can also make kale and tomato pasta with parmesan cheese and basil, or a kale and potato tortilla with eggs, onion, and paprika. Asian cuisine Kale is widely used in Asian cuisine, especially in Chinese, Japanese, and Indian dishes. You can make a kale and tofu stir-fry with ginger, soy sauce, and sesame oil. Additionally, you can make a kale and seaweed salad with rice vinegar, sugar, and sesame seeds. You can also make kale and coconut curry with onion, garlic, curry paste, and coconut milk. If you like something Indian, you can also try kale and lentil dal with cumin, turmeric, and coriander. Wrapping It Up! Kale is a wonderful vegetable that you can harvest, store, and use in various ways. It's easy to grow, harvest, and store kale, as long as you follow some simple steps and tips. It's also healthy, delicious, and versatile, as you can use it in many different cuisines and recipes. Kale is a green treasure that you don't want to miss. If you want to know how to harvest kale, I hope that this blog has been of help to you. If there are any other queries related to the same, please feel free to let me know. All that you need to do is scroll down till you reach the bottom of the page. Then leave your comments and suggestions in the box below. And I will be there to help you out with the same! Read Also: How to Harvest Lettuce: A Step-by-Step Guide for Fresh and Crispy Salads Everything You Need To Know About Harvesting Basil!

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Recruiting Paper Authors Online Safe

Is Recruiting Paper Authors Online Safe? Try Not To Get Found Out!

Understudies who are overpowered by how much work they need to do frequently look for proficient help. Recruiting Paper authors can be a solution to the issues before students. On the Web, you can track down various composing administrations that offer many highlights and assurances. It is elusive an organization that won’t trick you or uncover your own data. This article will give you a few supportive tips and contemplations to stay away from upsetting missteps and dangers. It will likewise assist you with picking the right organization. Get Exhortation From Your Companions Requesting help from your companions is the most effective way to track down a protected, trustworthy site. Consider using some decent and inexpensive online services like https://123homework.com/test-takers-for-hire because you can trust that your friends won't let you down. It is ideal to overlook the guidance of undergrads and just follow their suggestions. You can likewise gain from their encounters. It is vital to pick a couple of organizations, and afterwards research their sites to figure out additional about their strategies and administrations. Authentic Organizations Authentic organizations won’t uncover your telephone number or email address. When you are recruiting Paper authors, look that they have a valid phone number. It is likewise important to finish the contact structure on the site or to utilize the talk, if accessible. Your companions and companions can be the best wellspring of data for finding a dependable web-based composing administration. Pose them the pertinent inquiries in light of their general impression and experience. Did they get a unique paper and one that satisfied scholastic guidelines? This is an incredible method for beginning your pursuit. Contact The Support Team:  The first step in ensuring the security of the service you choose is to talk to the customer service team. 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You ought not to be compelled to arrange a greater number of elements or pages than needed, however, you ought to focus on your guidelines. Consideration, custom and a proper tone are exceedingly significant well-being standards. Casual language and shoptalk is an admonition to transfer ownership of to remain from the organization. Your impression and sentiments will likewise be significant variables while pursuing your official choice and exploring the data and tests distributed on sites. Read Also: CRMDialer: A Zoho Alternative 6 Top CRM For Small Businesses In 2019 Cold Calling Script For Successful Sales Persons

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