Related Matters

• Contract Arrangements before Establishment of IMC
• Differentiation of Schools Funds and Assets
• Open bank accounts
  
  • The IMC shall, as soon as possible, open bank accounts for receiving and handling funds from the Government in the capacity of a trustee and inform the Funds Section of the Education Bureau of the particulars of its accounts. (In general, the IMC shall provide the bank its Certificate of Incorporation, constitution and the relevant minutes of meetings to confirm the authorized persons of the account. At the same time, each authorized person shall also provide a copy of the documentary proof of registration of manager and his/her signature sample to the bank.)
• Common Seal of IMC
  
  • The IMC shall have an English name and a Chinese name in the form of the registered name of the school. Besides, the IMC shall have a common seal and a registered office.
  • Download: Points to Note for the Name and Common Seal of IMC PDF
• Related Provisions
  • (Section 40BS) Failure to establish incorporated management committee (for operating school)
  • (Section 40BZ) Failure to establish incorporated management committee (for planned school)
  • (Section 40BQ) Dissolution of school management company
  • (Section 40BR) Transitional provisions for dissolution of school management company Schedule 2