Examples of BVI Companies Act in a sentence
For the avoidance of doubt, a company within the meaning of section 3(1) of the BVI Companies Act, 2004 is also within the scope of ESA (see the definition of “company” in ESA section 2).
Subject to the provisions of the BVI Companies Act, any such commission may be satisfied by the payment of cash or by the issue of fully or partly paid shares or partly in one way and partly in another.
Sections 60, 61 and 62 of the BVI Companies Act (statutory procedure for a company purchasing, redeeming or acquiring its own shares), which may be disapplied by a company’s memorandum or articles of association, shall not apply to the Company.
The BVI Companies Act also provides that, subject to the company’s memorandum and articles of association, shares may be issued with or without a par value and in any currency.
There are no rules or provisions relating to the Ordinary Shares and squeeze-out and/or sell-out rules, save as provided by section 176 of BVI Companies Act (ability of the shareholders holding 90 per cent.