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BVI - International Business Companies Act 1984
BVI Partnership Act 1996

[still under construction - we apologise if formatting and hyperlinks are still not completed]

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  Repealed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