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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
1.
Short
Title
2.
Interpretation
PART
II -
Constitution
of Companies
3.
Incorporation
4.
Restrictions
on Incorporation
5.
Requirements
of International Business Companies
6.
Effect
of failure to satisfy requirement of Section 5
7.
Personal
liability
8.
Business
objects or purposes
9.
Powers
10.
Validity
of acts of company
11.
Name
12.
Memorandum
13.
Articles
14.
Registration
15.
Certificate
of Incorporation
16.
Amendment
of Memorandum and Articles
17.
Copies
of Memorandum and Articles to Members
PART
III
1Capital
and Dividends
17A.
Power
to allot shares
18.
Shares
to be fully paid
19.
Kind
of consideration for shares
20.
Forfeiture
of shares
21.
Amount
of consideration of shares
22.
Fractional
shares
23.
Authorized
capital in several currencies
24.
Capital
and surplus accounts
26.
Dividend
of shares
27.
Increase
or reduction of authorized capital
28.
Division
and combination of shares
29.
Character
of a shares
30.
Share
Certificates
31.
Share
register
32.
Rectification
of share register
33.
Transfer
of registered shares
34.
Transfer
of bearer shares
35.
Seizure
36.
Acquisition
of own shares
37.
Treasury
shares disables
38.
Increase
or reduction of capital
39.
Dividends
40.
Appreciation
of assets
41.
Mortgages
and charges of shares
PART
IV
Registered
Office and Agent
42.
Registered
office
43.
Registered
agent
44.
Repealed
45.
Register
of Registered Agents
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
35
Reliance
on records and reports
35
Conflict
of interests
35
Indemnification
37
Insurance
37
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
35
Reliance
on records and reports
35
Conflict
of interests
35
Indemnification
