Form 6 renewal of a money lenders licence by an individual

Form 6 Renewal of a Money Lenders Licence by an Individual

Form 6 renews a money lenders licence for an individual or partnership. Under the Money Lenders Ordinance (Cap. 163), a sole proprietor or partnership submits this form to the Commissioner for Labour to continue operating after the current licence expires. Companies use Form 7. The renewal application must be filed before the existing licence expires.

Money Lenders Licence Renewal Form 6

Form 6 is the statutory document for renewing a money lenders licence held by an individual or partnership. Submit the completed form to the Commissioner for Labour, the licensing authority. The application requires a declaration that the business meets the ordinance’s fit and proper criteria. A money lenders licence authorises a regulated activity and is separate from the Business Registration Certificate, which all businesses need but does not permit money lending.

Individual Money Lender Licence Renewal Hong Kong

A sole proprietor renews using Form 6. Provide your full name, Hong Kong identity card number, residential address and business address. Declare any criminal convictions, bankruptcy history or previous licence revocations. The Commissioner for Labour will assess if you remain a fit and proper person. Failing to update the business address or attach a current Business Registration Certificate are common errors.

Partnership Money Lender Licence Renewal

Partnerships also use Form 6. Name every partner on the form. Each partner must provide the same personal declarations as an individual applicant. The partnership must hold a valid Business Registration Certificate. All partners must sign the form, or a partner with written authority may sign. The Commissioner for Labour assesses each partner against the fit and proper test. A frequent mistake is omitting a new partner or failing to declare a change in the partnership’s composition.

Money Lenders Ordinance Form 6

Form 6 is the legal instrument for renewal. The ordinance requires the application be made no later than 60 days before the existing licence expires, though the exact deadline is on the licence. Attach the prescribed fee, a copy of the current Business Registration Certificate and any other documents the Commissioner for Labour may require. The authority may request further information, such as financial statements or an anticipated loan volume. An incomplete form or a missed deadline will cause the licence to lapse, requiring a fresh application.

The Application Process for Form 6

Obtain Form 6 from the Labour Department website or its office. Complete every section, including the declaration of no disqualifying events. Attach supporting documents and pay the fee by cheque or bank draft payable to the Government of the Hong Kong Special Administrative Region. Submit the application to the Money Lenders Licensing Section of the Labour Department. The Commissioner for Labour will review the application and may inspect the business premises. Allow sufficient time for processing before the licence expires.

Key Fields and Common Errors on Form 6

Several fields are often completed incorrectly. The business address must match the Business Registration Certificate exactly; any discrepancy will return the application. Declare all criminal convictions, including spent or minor offences, as non-disclosure is an offence under the Money Lenders Ordinance. For partnerships, provide the full names and identity card numbers of all partners. Every partner must sign, or a duly authorised representative must sign with written authority attached. Submitting the form without the correct fee will halt processing until payment is made.

Relationship to Other Licence Renewal Forms

Form 6 is one of two renewal forms under the Money Lenders Ordinance. A company renews its licence using Form 7. An individual or partnership may need to submit supplementary information on Form SIS-4, while a company uses Form SIS-3. The key distinction is that Form 6 is for individuals and partnerships. The licensing authority applies the same fit and proper test to all applicants regardless of business structure.

After Submission

The Commissioner for Labour will process a complete Form 6 application and issue a new licence if satisfied. The licence will state the renewed period and any conditions. Keep a copy of the submitted form and the fee receipt. If the application is refused, the Commissioner for Labour must provide reasons, and the applicant may appeal to the Administrative Appeals Board. Operating without a valid licence after expiry is a criminal offence under the Money Lenders Ordinance.