BVI BC Act definition

BVI BC Act means the BVI Business Companies Act, 2004 (as amended) of the British Virgin Islands.
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BVI BC Act has the meaning given to it under Clause 6.2(a)(i).
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Examples of BVI BC Act in a sentence

  • The BVI BC Act requires a company to have a common seal and an imprint of the seal shall be kept at the office of its registered agent.A business company is required to keep a register of members containing the names and addresses of the persons who hold registered shares in the company, the number of each class and series of registered shares held by each member, the date on which the name of each member was entered in the register of members and the date on which any person ceased to be a member.

  • The minutes of meetings and resolutions of members and of classes of members, and the minutes of meeting of directors and committees of directors are required by the BVI BC Act to be kept at the office of the company’s registered agent or at such other places, within or outside the BVI, as the directors may determine.

  • A BVI business company is required by the BVI BC Act to keep records that: (a) are sufficient to show and explain its transactions; and (b) will, at any time, enable the financial position of the company to be determined with reasonable accuracy.

  • The register of directors is prima facie evidence of any matters directed or authorised by the BVI BC Act to be contained therein.

  • A director shall exercise his powers as a director for a proper purpose and shall not act, or agree to the company acting, in a manner that contravenes the BVI BC Act or the memorandum or articles of association of the company.

  • The entry of the name of a person in the register of members as a holder of a share in a company is prima facie evidence that legal title in the share vests in that person.The BVI BC Act requires a business company to keep a register known as a register of directors containing the particulars as prescribed under the BVI BC Act.

  • The Company may, by resolution of the Board, purchase, redeem or otherwise acquire and hold its own Shares save that the Company may not purchase, redeem or otherwise acquire its own Shares without the consent of Shareholders whose Shares are to be purchased, redeemed or otherwise acquired unless the Company is permitted by the BVI BC Act or any other provision in the Memorandum or the Articles to purchase, redeem or otherwise acquire the Shares without their consent.

  • The Pledgor shall, immediately on receipt, deliver or procure to be delivered to the Secured Party the certificate of registration of charge issued by the Registrar of Corporate Affairs evidencing that the requirements of Part VIII of the BVI BC Act as to registration have been complied with and the filed stamped copy of the application containing the relevant particulars of charge.

  • There is no concept of authorised share capital, or of share capital, under the BVI BC Act.

  • But that shows me, that you need a variety of diversification beyond legal products and the BVI BC Act.

Related to BVI BC Act

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  • ACNC Act means the Australian Charities and Not-for-profits Commission Act 2012 (Cth).

  • FMC Act means the Financial Markets Conduct Act 2013.

  • SEBI Act or “Act” means the Securities and Exchange Board of India Act, 1992;

  • FW Act means the Fair Work Act 2009, as amended from time to time.

  • FOI Act means the Freedom of Information Act 2000 and any subordinate legislation made under that Act or any code issued pursuant to sections 45 or 46 of that Act or any guidance issued by the Information Commissioner;

  • POPI Act means the Protection of Personal Information Act, 4 of 2013;

  • 2000 Act means the Local Government Act 2000;

  • Cayman Companies Act means the Companies Act (As Revised) of the Cayman Islands.

  • 2012 Act means the Health and Social Care Act 2012;

  • FDI Act means the Federal Deposit Insurance Act, as amended or recodified.

  • 1990 Act means the Town and Country Planning Act 1990;

  • UK Bribery Act means the Xxxxxxx Xxx 0000 of the United Kingdom, as amended, and the rules and regulations thereunder.

  • Investment Company Act of 1940 means the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.

  • OBCA means the Business Corporations Act (Ontario);

  • Companies Act means the Companies Act, 2008 (Act No. 71 of 2008);

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  • PBR Act means the Plant Breeder’s Rights Xxx 0000 (Cth) as amended from time to time.

  • BHC Act means the Bank Holding Company Act of 1956, as amended.

  • BBBEE Act means the Broad Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003);

  • FDA Act means the U.S. Federal Food, Drug, and Cosmetic Act, as amended.

  • Charter Act The Federal National Mortgage Association Charter Act (12 U.S.C. § 1716

  • EP Act means the Environmental Protection Xxx 0000;

  • IBC Code means Insolvency and Bankruptcy Code, 2016 as amended from time to time;

  • Food Security Act means the Food Security Act of 1985, 7 U.S.C. §1631, as amended, and the regulations promulgated thereunder.

  • CBCA means the Canada Business Corporations Act.