Mountain Co. Ltd. is a small public company limited by shares formed in September 2020 which adopts the Model Articles for public companies limited by shares as its articles of association. Mountain Co. Ltd. does not have much profit and it now wants to raise more share capital but does not want to spend a lot of cost on raising more share capital. Mountain Co. Ltd. seeks your advice on the possible ways for it to raise more share capital. Mountain Co. Ltd. also wants to know whether it can issue partly-paid shares.

Jackson holds some share warrant for bearer shares issued by Cave Co. Ltd. in September 2012. His wife, Sally, holds some stock issued by Cave Co. Ltd. in July 2013. Jackson and Sally now hear that the Companies Ordinance (Cap.622) affects the share warrant for bearer shares and stock of a company. Jackson and Sally want to seek your advice on their situation.

Waterfall Co. Ltd. is a private company limited by shares formed in April 2021 which adopts the Model Articles for private companies limited by shares as its articles of association. Olivia signed a contract of sale to purchase 5,000 $10 ordinary shares from Jackson, an existing shareholder of Waterfall Co. Ltd. Olivia lodged the proper instrument of transfer and the stamped sellers share certificate to Waterfall for registration on 4 January 2023. However, Olivia had not yet received the share certificates from Waterfall Co. Ltd. Olivia tried to inspect and get a copy of the register of members two days ago but she was refused by Waterfall Co. Ltd. on the ground that Olivia was not a member. Olivia wants to confirm whether she is a registered shareholder of Waterfall Co. Ltd. or not. Olivia also wants to know whether she can inspect the register of members of Waterfall Co. Ltd. and to have a copy of the register of members.

Advise Mountain Co. Ltd., Jackson, Sally and Olivia concerning the above-mentioned issues according to corporate law respectively.