The government is aiming to introduce Companies Ordinance reforms to the Legislative Council for debate in 2010. It hopes to begin drafting the reforms early next year and to make a white paper ready for public consultation by the middle of 2009 before a blue bill is introduced to the Legco. The ordinance was last substantially reviewed in 1984. Proposed changes include reforming capital maintenance provisions and modernising the statutory language, which the government said would improve clarity and help business owners reduce compliance costs. The government also said it would enable wider use of electronic communications. It noted that during the past decade, most other major common law jurisdictions - such as Britain, Australia, New Zealand and Singapore - have either started or completed company law reform. A framework for the proposed reforms will be submitted to Legco for discussion and approval on Monday.