Examples of IBC Act in a sentence
Productive Business Solutions Limited (“the Company”) is a company incorporated and domiciled in Barbados under the International Business Corporation (IBC) Act Cap.
Pursuant to the International Business Companies Act, 1984 (the “IBC Act”) of the BVI, international business companies incorporated pursuant to the IBC Act enjoy a complete exemption from income tax.
The IBC Act also provides for voluntary winding up on a resolution of shareholders.
The IBC Act provides for the liquidation of an IBC on the order of the Anguillan court if it is unable to pay its debts or where the court considers it just and equitable that it be wound up and dissolved.
International business companies must be incorporated under the International Business Corporations (IBC) Act (as amended), and are regulated by the Financial Services Regulatory Commission.
The company is a subsidiary of Margaritaville Caribbean Limited, a company registered under the Bahamas IBC Act of 2000.
The Bank is authorized to accept deposits and other types of borrowings from foreign persons, and as an exception under the IBC Act, from the Government Development Bank for Puerto Rico (GDB) and the Economic Development Bank of Puerto Rico (EDB).
The most notable sources of fugitive PM include drilling, blasting, ore and waste rock handling, windblown dust from exposed surfaces such as stockpiles as well as traffic on haul routes.
The word 'Limited', 'Corporation', 'Incorporated', 'Societe Anonyme' or 'Sociedad Anonima' or the abbreviation 'Ltd', 'Corp', 'Inc' or 'S.A.' must be part of the name of every company incorporated under IBC Act, but a company may use and be legally designated by either the full or the abbreviated form.
An IBC and ISRL are exempt from the provisions of the Income Tax Act (Cap.73), except as provided in section 10 of the IBC Act (Cap.