Companies (Winding Up and Miscellaneous Provisions) Ordinance

If where a company is wound up it is shown that
                the
                company has not kept accounting records that comply with
section 373(2)
and (3) of the Companies Ordinance (
Cap. 622
) for any
                part of the shorter of the period of 2 years immediately preceding
                the commencement of the winding up, or the period between the
                specified
                date and the commencement of the winding up,
                every
                officer of the company who is in default
                is,
                unless the officer shows that the officer acted honestly and that
                in the circumstances in which the business of the company was carried on the default
                was excusable,
                guilty
                of an offence and liable to imprisonment and a fine.
(Replaced
6 of 1984 s. 190
. Amended
7 of 1990 s. 2
;
14 of 2016 s. 94
;
14 of 2025 s. 107
)