1. Part 1 Preliminary
Part 1 defines key terms used in the New CO.
In the New CO, the term “responsible person” was adopted to replace the previous term “an officer who is in default” in the old Cap.32.
Section 3(2) defines a “responsible person” of a company or non-Hong Kong company as an officer or shadow director of the company or non-Hong Kong company who “authorises or permits, or participates in, the contravention or failure”.