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BRITISH
VIRGIN ISLANDS
INTERNATIONAL
BUSINESS COMPANIES ACT
(CAP.291)
No
8. of 1984
THIS
IS AN UNOFFICIAL CONSOLIDATION OF THE INTERNATIONAL BUSINESS COMPANIES ACT AND
AMENDMENTS THERETO. WHILST EVERY EFFORT HAS BEEN MADE TO ENSURE CORRECTNESS, NO
RESPONSIBILITY IS ASSUMED FOR ANY ERRORS WHICH MAY APPEAR.
The
International Business
I
Assent
D.
R. Barwick
Governor
13th
July, 1984
PART
I
-
-Short
Title and Interpretation
3
1.
Short
Title
3
2.
Interpretation
3
PART
II -
Constitution
of Companies
6
3.
Incorporation
6
4.
Restrictions
on Incorporation
6
5.
Requirements
of International Business Companies
6
6.
Effect
of failure to satisfy requirement of Section 5
6
7.
Personal
liability
8
8.
Business
objects or purposes
8
9.
Powers
8
10.
Validity
of acts of company
10
11.
Name
10
12.
Memorandum
12
13.
Articles
14
14.
Registration
14
15.
Certificate
of Incorporation
14
16.
Amendment
of Memorandum and Articles
14
17.
Copies
of Memorandum and Articles to Members
16
PART
III
1Capital
and Dividends
16
17A.
Power
to allot shares
16
18.
Shares
to be fully paid
16
19.
Kind
of consideration for shares
16
20.
Forfeiture
of shares
16
21.
Amount
of consideration of shares
16
22.
Fractional
shares
18
23.
Authorized
capital in several currencies
18
24.
Capital
and surplus accounts
18
26.
Dividend
of shares
18
27.
Increase
or reduction of authorized capital
18
28.
Division
and combination of shares
20
29.
Character
of a shares
20
30.
Share
Certificates
20
31.
Share
register
20
32.
Rectification
of share register
22
33.
Transfer
of registered shares
22
34.
Transfer
of bearer shares
22
35.
Seizure
22
36.
Acquisition
of own shares
24
37.
Treasury
shares disables
24
38.
Increase
or reduction of capital
25
39.
Dividends
25
40.
Appreciation
of assets
27
41.
Mortgages
and charges of shares
27
PART
IV
Registered
Office and Agent
29
Registered
office
29
Registered
agent
29
Repealed
29
Register
of Registered Agents
29
Penalty
for contravention of section 38 and 39.
31
PART
V
Directors,
Officers, Agents and Liquidators
31
Management
by directors
31
Election,
term and removal of directors
31
Optional
register of directors
31
Number
of directors
31
Powers
of directors
33
Emoluments
of directors
33
Committees
of directors
33
Meetings
of directors
33
Notice
of meetings of directors
33
Quorum
for meetings of directors
33
Consents
of directors
33
Alternates
for directors
33
Officers
and agents
33
Standard
of care
