At present, an applicant body becomes eligible for consideration for allocation of school premises or school sites when it is: |
|
(1) |
(a) incorporated under the Companies Ordinance (Cap 622), and its articles of association contain all the standard articles (Note) required for allocation of a school premises/school site; or (b) incorporated under other ordinances and the Permanent Secretary for Education is satisfied, having regard to its constitution, that it is fit to be considered for allocation of a school premises/school site; and |
(2) |
exempted from tax under Section 88 of the Inland Revenue Ordinance. |
(Note) | According to the information from the Company Registry, with the enactment of the new Companies Ordinance (Cap 622) on 3 March 2014, for existing companies, the content of the Memorandum of Association immediately before the commencement of the new Companies Ordinance will be deemed to be regarded as provisions of the Articles of Association of that company under section 98 of the new Companies Ordinance. |