Amendment Tracker
Gazette amendments to the Companies Act (2026 Revision) since the 2026 Revision.
Companies Act (2026 Revision),
Gazette: 29 Jan 2026Commencement: Not specified
Section-level detail not yet available for this entry.
Companies (Amendment) Act, 2024 (Commencement) Order, 2025
SL 41 of 2025LG42/S1
Gazette: 1 Jan 2026Commencement: The Companies (Amendment) Act, 2024 comes into force on 1st January, 2026
Section-level detail not yet available for this entry.
Land Holding Companies Share Transfer Tax (Amendment) Act, 2025
Gazette: 18 Dec 2025Commencement: Not specified
Section-level detail not yet available for this entry.
Land Holding Companies Share Transfer Tax (Amendment) Regulations, 2025
Gazette: 18 Dec 2025Commencement: Not specified
Section-level detail not yet available for this entry.
Local Companies (Control) Act (2025 Revision),
Gazette: 4 Feb 2025Commencement: Not specified
Section-level detail not yet available for this entry.
Companies Act ( (2025 Revision),
Gazette: 28 Jan 2025Commencement: Not specified
Section-level detail not yet available for this entry.
Companies Management Act (2025 Revision),
Gazette: 28 Jan 2025Commencement: Not specified
Section-level detail not yet available for this entry.
Companies (Amendment and Validation) Bill, 2024
Gazette: 15 Nov 2024Commencement: Not specified
Section-level detail not yet available for this entry.
Companies Management (Amendment) Bill, 2024
Gazette: 15 Nov 2024Commencement: Not specified
Section-level detail not yet available for this entry.
Companies (Amendment of Schedule 5) Order, 2024
Gazette: 17 Oct 2024Commencement: Not specified
Section-level detail not yet available for this entry.
Companies (Amendment) Act, 2023 (Commencement) Order, 2024
LG26, S2LG26/S2
Gazette: 31 Jul 2024Commencement: Not specified
Section-level detail not yet available for this entry.
Companies Management (Amendment) (No.2) Act, 2023 (Commencement) Order, 2024
LG26, S8LG26/S8
Gazette: 31 Jul 2024Commencement: Not specified
Section-level detail not yet available for this entry.
Companies (Amendment) Act, 2023 (Commencement) Order, 2024
SL 17 of 2024LG26/S2
Gazette: 31 Jul 2024Commencement: The Companies (Amendment) Act, 2023 comes into force on 31st July, 2024.
Section-level detail not yet available for this entry.
Companies (Amendment) Act, 2024
Gazette: 11 Mar 2024Commencement: Not specified
Section-level detail not yet available for this entry.
Companies Management Act (2024 Revision)
LG4, S11LG4/S11
Gazette: 1 Feb 2024Commencement: Not specified
Section-level detail not yet available for this entry.
Companies (Amendment) Act, 2023
LG41, S3LG41/S3
Gazette: 15 Dec 2023Commencement: Not specified
Section-level detail not yet available for this entry.
Companies Management (Amendment) (No. 2), Act, 2023
LG41, S4LG41/S4
Gazette: 15 Dec 2023Commencement: Not specified
Section-level detail not yet available for this entry.
Local Companies (Control) (Amendment) Bill, 2023
LG41, S12LG41/S12
Gazette: 15 Dec 2023Commencement: Not specified
Section-level detail not yet available for this entry.
Companies (Amendment of Schedule 5) Order, 2023
Gazette: 30 Nov 2023Commencement: Not specified
Section-level detail not yet available for this entry.
Companies (Amendment of Schedule 4) Order, 2023
Gazette: 19 Jul 2023Commencement: Not specified
Section-level detail not yet available for this entry.
Companies Management (Amendment) Act, 2023
Gazette: 26 May 2023Commencement: Not specified
Section-level detail not yet available for this entry.
Companies Act (2023 Revision)
Gazette: 12 Jan 2023Commencement: Not specified
Section-level detail not yet available for this entry.
Companies (Amendment) Act, 2021 (Commencement) Order, 2022
SL 28 of 2022SL 28 of 2022
Gazette: 31 Aug 2022Commencement: The Companies (Amendment) Act, 2021 comes into force on 31st August, 2022.
Section-level detail not yet available for this entry.
COMPANIES WINDING UP (AMENDMENT) RULES, 2022
SL 31 of 2022LG29/S2
Gazette: 31 Aug 2022Commencement: on the 31st day of August 2022
Section-level detail not yet available for this entry.
Companies Winding Up (Amendment) Rules, 2022 (Commencement) Order, 2022
Gazette: 4 Aug 2022Commencement: Not specified
Section-level detail not yet available for this entry.
Companies Winding Up (Amendment) Rules, 2022
Gazette: 4 Aug 2022Commencement: Not specified
Section-level detail not yet available for this entry.
Companies (Amendment) Act, 2021 (Commencement) Order, 2022
Gazette: 29 Jul 2022Commencement: Not specified
Section-level detail not yet available for this entry.
Companies (Amendment of section 254) Regulations, 2022
Gazette: 10 Jun 2022Commencement: Not specified
Section-level detail not yet available for this entry.
Land Holding Companies Share Transfer Tax Act (2022 Revision),
Gazette: 25 Jan 2022Commencement: Not specified
Section-level detail not yet available for this entry.
Companies (Amendment) Act, 2021
Gazette: 16 Dec 2021Commencement: Not specified
Section-level detail not yet available for this entry.
Companies (Amendment) (No. 3) Act, 2020 (Commencement) Order, 2021
Gazette: 20 Jan 2021Commencement: Not specified
Section-level detail not yet available for this entry.
Companies Act (2021 Revision)
Gazette: 12 Jan 2021Commencement: Not specified
Section-level detail not yet available for this entry.
Companies Management Act (2021 Revision)
Gazette: 12 Jan 2021Commencement: Not specified
Section-level detail not yet available for this entry.
Companies (Amendment) (No. 3) Act, 2020
Gazette: 7 Jan 2021Commencement: Not specified
Section-level detail not yet available for this entry.
Companies (Amendment) (No. 2) Law (Commencement) (No. 2) Order, 2020
Gazette: 20 Aug 2020Commencement: Not specified
Section-level detail not yet available for this entry.
Beneficial Ownership (Companies) (Amendment) Regulations, 2020
Gazette: 22 Jul 2020Commencement: Not specified
Section-level detail not yet available for this entry.
Companies Management (Amendment) Law, 2020
Gazette: 7 Jul 2020Commencement: Not specified
Section-level detail not yet available for this entry.
Companies (Amendment) (No. 2) Law, 2020 (Commencement) Order, 2020
SL 78 of 2020LG44/S1
Gazette: 29 Jun 2020Commencement: With the exception of sections 3, 5, 6, 7, 16 and 17, the Companies (Amendment) (No. 2) Law, 2020 comes into force on 29th June, 2020.
Section-level detail not yet available for this entry.
Companies (Amendment) (No.2) Law, 2020 (Commencement) Order, 2020
Gazette: 9 Jun 2020Commencement: Not specified
Section-level detail not yet available for this entry.
Companies (Amendment) (No.2) Law, 2020 (LG 39, S3)
Gazette: 22 May 2020Commencement: Not specified
Section-level detail not yet available for this entry.
Companies (Amendment) Law, 2020 (Commencement) (No.2) Order, 2020
SL 27 of 2020LG22/S1
Gazette: 15 May 2020Commencement: Sections 5 and 6 of the Companies (Amendment) Law, 2020 come into force on 15th May, 2020.
Section-level detail not yet available for this entry.
Companies (Amendment) Law, 2020 (Commencement) (No.2) Order, 2020
Gazette: 27 Mar 2020Commencement: Not specified
Section-level detail not yet available for this entry.
Companies (Amendment) Law, 2020 (Commencement) Order, 2020
Gazette: 18 Feb 2020Commencement: Not specified
Section-level detail not yet available for this entry.
Companies (Amendment) Law, 2020
Gazette: 12 Feb 2020Commencement: Not specified
Section-level detail not yet available for this entry.
Companies Law (2020 Revision),
Gazette: 9 Jan 2020Commencement: Not specified
Section-level detail not yet available for this entry.
Companies (Amendment) Law, 2019 (Commencement of Section 5) Order, 2019
Gazette: 19 Sept 2019Commencement: Not specified
Section-level detail not yet available for this entry.
Private Trust Companies (Amendment) (No. 2) Regulations, 2019 (LG 29, S2)
Gazette: 16 Aug 2019Commencement: Not specified
Section-level detail not yet available for this entry.
Companies (Amendment) Law, 2019
Law 10 of 2019LG28/S1
Gazette: 8 Aug 2019Commencement: Not specified
Section-level detail not yet available for this entry.
Local Companies (Control) Law (2019 Revision)
LG2, S5LG02/S5
Gazette: 19 Feb 2019Commencement: Not specified
Section-level detail not yet available for this entry.
The Private Trust Companies (Amendment) Regulations, 2019
Commencement: Not specified
s.2amendedAmended the definition of “connected trust business” by substituting “of which there is one or more than one contributor” for “the contributors”.
s.3addedInserted paragraph (1A) allowing the Authority to inspect documents and records at the registered office.
s.3amendedAmended paragraph (2) to require documents to be made available for inspection, deleted 'and' from paragraph (d), substituted a semi-colon and 'and' for the full stop in paragraph (e), and inserted paragraph (f) related to financial and transactional records.
s.4amendedAmended paragraph (2)(a)(iii) by inserting "or members, if any," after "the shareholders".
s.4addedInserted sub-paragraph (aa) requiring proof of identification of directors and shareholders.
s.4amendedAmended paragraph (2)(b) by substituting “three thousand five hundred” for “seven thousand”.
s.4addedInserted paragraph (2A) requiring a surcharge for late payment of the annual registration fee.
s.4amendedAmended paragraph (3) by substituting "paragraphs (2)(a) and (aa)" for "paragraph (2)(a)".
s.4addedInserted paragraph (4) requiring notification of changes in information provided to the Authority.
s.4addedInserted regulation 4A requiring a natural person as a director and regulation 4B allowing the Authority to refuse or cancel registration.
Companies (Amendment) Law, 2020
Law 4 of 2020LG10/S1
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
s.2addedInserts definitions of “Cayman Islands Stock Exchange” and “Cayman Islands exempted limited partnership”.
Companies (Amendment) Law, 2020
Law 4 of 2020LG10/S1
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
s.40amendedAmends section 40(3)(a) by inserting after the words “rights conferred on shareholders” the words “, including the right to appoint or remove directors,”.
Companies (Amendment) Law, 2020
Law 4 of 2020LG10/S1
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
s.244amendedAmends section 244(1) by inserting after the word “current” the words “beneficial ownership”.
Companies (Amendment) Law, 2020
Law 4 of 2020LG10/S1
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
s.245substitutedAmends section 245(3)(a) by deleting the words “in excess of 75%” and substituting the words “seventy-five per cent or more”.
Companies (Amendment) Law, 2020
Law 4 of 2020LG10/S1
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
s.247substitutedAmends section 247(3) by deleting the words “more than 25%” wherever they appear and substituting the words “twenty-five per cent or more”.
Companies (Amendment) Law, 2020
Law 4 of 2020LG10/S1
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
s.252substitutedAmends section 252 by repealing subsections (2) and (3) and substituting new subsections regarding corporate services providers and beneficial ownership registers.
s.252addedAmends section 252 by inserting a new subsection (5) defining "ordinary non-resident company" and "ordinary resident company".
Companies (Amendment) Law, 2020
Law 4 of 2020LG10/S1
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
Companies (Amendment) Law, 2020
Law 4 of 2020LG10/S1
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
s.277substitutedAmends section 277 by deleting the words “section 262(2)” and substituting the words “section 262(3A)”.
Companies (Amendment) Law, 2020
Law 4 of 2020LG10/S1
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
s.279addedAmends the principal Law by inserting a new section 279A regarding requests for additional information from companies or corporate services providers.
Companies (Amendment) (No.2) Law, 2020
Law 19 of 2020LG39/S3
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
s.2amendedAmends the definition of "regulatory Laws" by adding references to Development Bank Law (2018 Revision), Directors Registration and Licensing Law, 2014, and Private Funds Law, 2020.
Companies (Amendment) (No.2) Law, 2020
Law 19 of 2020LG39/S3
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
s.26substitutedSubstitutes subsections (3), (3A), and (3B) regarding the register of companies and inspection of the register.
Companies (Amendment) (No.2) Law, 2020
Law 19 of 2020LG39/S3
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
s.156addedInserts section 156A regarding striking off companies for failure to pay administrative fines.
Companies (Amendment) (No.2) Law, 2020
Law 19 of 2020LG39/S3
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
s.168amendedAmends section 168 by inserting paragraph (aa) requiring the annual return to state the nature of the business.
Companies (Amendment) (No.2) Law, 2020
Law 19 of 2020LG39/S3
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
Companies (Amendment) (No.2) Law, 2020
Law 19 of 2020LG39/S3
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
Companies (Amendment) (No.2) Law, 2020
Law 19 of 2020LG39/S3
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
s.245amendedAmends section 245 by deleting the words "(other than a company registered as an excluded person under section 5(4) of the Securities Investment Business Law (2020 Revision)" wherever they appear.
Companies (Amendment) (No.2) Law, 2020
Law 19 of 2020LG39/S3
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
s.256amendedAmends section 256(3) by deleting "the company shall" and substituting "the corporate services provider shall".
Companies (Amendment) (No.2) Law, 2020
Law 19 of 2020LG39/S3
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
Companies (Amendment) (No.2) Law, 2020
Law 19 of 2020LG39/S3
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
Companies (Amendment) (No.2) Law, 2020
Law 19 of 2020LG39/S3
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
Companies (Amendment) (No.2) Law, 2020
Law 19 of 2020LG39/S3
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
s.280amendedAmends section 280(1)(h) by deleting "companies" and substituting "corporate services providers".
Companies (Amendment) (No.2) Law, 2020
Law 19 of 2020LG39/S3
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
Companies (Amendment) (No.2) Law, 2020
Law 19 of 2020LG39/S3
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
s.282amendedAmends section 282 by deleting "Schedule 4 or Schedule 5" and substituting "Schedule 4, Schedule 5 or Schedule 7".
Companies (Amendment) (No.2) Law, 2020
Law 19 of 2020LG39/S3
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
sch.addedInserts Schedule 1A - Required Particulars.
Companies (Amendment) (No.2) Law, 2020
Law 19 of 2020LG39/S3
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
sch.amendedAmends Schedule 5 cross-heading and Inserts Part 1A regarding fees payable for inspecting the register.
Companies (Amendment) (No.2) Law, 2020
Law 19 of 2020LG39/S3
Commencement: This Law shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Law and in relation to different matters.
sch.addedInserts Schedule 7 – administrative fines.
Companies (Amendment) (No. 3) Act, 2020
Act 60 of 2020LG1/S4
Commencement: This Act shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Act and in relation to different matters.
s.26addedThe Customs and Border Control Service is added to the list of entities the Registrar can provide information to.
s.41amendedAmends section 41 to require companies to include the nature of their business in the annual list of members.
sch.substitutedPart XV is repealed and substituted with a new Part XV prohibiting the issue of bearer shares.
s.245substitutedParagraph (d) of subsection (1) is repealed and substituted relating to regulated jurisdictions.
s.245substitutedSubsection (2)(b) is amended to change references to the list of equivalent jurisdictions.
s.263substitutedSubsection (1) is repealed and substituted regarding the disclosure of beneficial ownership information by the Cayman Islands Monetary Authority.
Companies (Amendment) (No. 2) Law, 2020 (Commencement) (No. 2) Order, 2020
SL 115 of 2020LG60/S2
Commencement: section 3 (repeal of section 26(3) and substitution of sections 26(3) and 26(3B)) on 1st September, 2020; section 3 (repeal of section 26(3) and substitution of section 26(3A)) on 1st October, 2020; sections 5, 6, 7 and 16 on 1st September, 2020; and section 17 on 1st October, 2020.
Section-level detail not yet available for this entry.
Companies (Amendment) (No. 3) Act, 2020 (Commencement) Order, 2021
SL 9 of 2021LG5/S6
Commencement: Sections 1, 2, 3, 5, 6, 7 and 8 of the Companies (Amendment) (No. 3) Act, 2020 come into force on 1st February, 2021; Section 4 of the Companies (Amendment) (No. 3) Act, 2020 comes into force on 1st March, 2021.
Section-level detail not yet available for this entry.
Companies (Amendment) Act, 2021
Act 6 of 2021LG72/S3
Commencement: This Act shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Act and in relation to different matters.
s.86amendedAmends section 86 regarding power to compromise with creditors and members, adding references to restructuring officers and clarifying voting requirements for compromises.
Companies (Amendment) Act, 2021
Act 6 of 2021LG72/S3
Commencement: This Act shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Act and in relation to different matters.
sch.substitutedSubstitutes the Part heading of PART V to include Company Restructuring.
Companies (Amendment) Act, 2021
Act 6 of 2021LG72/S3
Commencement: This Act shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Act and in relation to different matters.
s.91addedInserts a new division after section 91 regarding company restructuring, including sections 91A through 91J.
Companies (Amendment) Act, 2021
Act 6 of 2021LG72/S3
Commencement: This Act shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Act and in relation to different matters.
s.94substitutedAmends section 94 regarding application for winding up, modifying provisions related to directors presenting winding up petitions.
Companies (Amendment) Act, 2021
Act 6 of 2021LG72/S3
Commencement: This Act shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Act and in relation to different matters.
s.97amendedAmends section 97 regarding avoidance of attachments and stay of proceedings, excluding criminal proceedings and adding subsection regarding stay of criminal proceedings.
Companies (Amendment) Act, 2021
Act 6 of 2021LG72/S3
Commencement: This Act shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Act and in relation to different matters.
s.100substitutedAmends section 100 regarding commencement of winding up by the Court, adding provisions relating to appointment of a restructuring officer.
Companies (Amendment) Act, 2021
Act 6 of 2021LG72/S3
Commencement: This Act shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Act and in relation to different matters.
s.104substitutedAmends section 104 regarding appointment and powers of provisional liquidator, modifying provisions for company application.
Companies (Amendment) Act, 2021
Act 6 of 2021LG72/S3
Commencement: This Act shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Act and in relation to different matters.
s.109amendedAmends section 109 regarding remuneration of official liquidators, adding restructuring officers to the heading and including provisions for their remuneration.
Companies (Amendment) Act, 2021
Act 6 of 2021LG72/S3
Commencement: This Act shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Act and in relation to different matters.
s.110substitutedAmends section 110 regarding function and powers of official liquidators, substituting subsection (5) regarding related persons.
Companies (Amendment) Act, 2021
Act 6 of 2021LG72/S3
Commencement: This Act shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Act and in relation to different matters.
s.116amendedAmends section 116 regarding circumstances in which a company may be wound up voluntarily, substituting subsection (3) relating to commencement of winding up.
Companies (Amendment) Act, 2021
Act 6 of 2021LG72/S3
Commencement: This Act shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Act and in relation to different matters.
s.134amendedAmends section 134 regarding fraud in anticipation of winding up by adding provisions relating to fraudulent trading when a restructuring officer is appointed.
Companies (Amendment) Act, 2021
Act 6 of 2021LG72/S3
Commencement: This Act shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Act and in relation to different matters.
s.135amendedAmends section 135 regarding transactions in fraud of creditors by adding provisions relating to transactions at an undervalue when a restructuring officer is appointed.
Companies (Amendment) Act, 2021
Act 6 of 2021LG72/S3
Commencement: This Act shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Act and in relation to different matters.
s.136amendedAmends section 136 regarding misconduct in course of winding up by adding provisions relating to actions during restructuring officer appointments.
Companies (Amendment) Act, 2021
Act 6 of 2021LG72/S3
Commencement: This Act shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Act and in relation to different matters.
s.137amendedAmends section 137 regarding material omissions from statement relating to company’s affairs by adding provisions relating to statements prepared for restructuring officer appointments.
Companies (Amendment) Act, 2021
Act 6 of 2021LG72/S3
Commencement: This Act shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Act and in relation to different matters.
s.145amendedAmends section 145 regarding voidable preference by adding provisions relating to voidable preferences during restructuring officer appointments.
Companies (Amendment) Act, 2021
Act 6 of 2021LG72/S3
Commencement: This Act shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Act and in relation to different matters.
s.148amendedAmends section 148 regarding supply of utilities by adding a new subsection pertaining to essential supplies during restructuring officer appointments and winding up.
Companies (Amendment) Act, 2021
Act 6 of 2021LG72/S3
Commencement: This Act shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Act and in relation to different matters.
s.154amendedAmends section 154 regarding Insolvency Rules Committee to include restructuring officer matters.
Companies (Amendment) Act, 2024
Act 3 of 2024LG13/S2
Commencement: Appointed by Cabinet Order
s.2amendedInserts new definitions including 'high net worth person' and adds subsection (6) for 'public in the Islands'.
s.14amendedSubstitutes subsection (1) to allow reduction by solvency statement and amends subsection (2).
sch.addedAdds new section for reduction of capital supported by a solvency statement.
sch.addedAdds new section for registration of solvency statement and minute of reduction.
s.88amendedChanges section heading and substitutes subsection (1) for acquiring shares of dissenting shareholders.
s.201amendedAllows companies without share capital to apply for continuation and repeals subsection (7).
sch.addedAdds new section for re-registration of an exempted company as an ordinary resident company.
sch.addedAdds new section for the effect of re-registration of an exempted company as an ordinary resident company.
sch.addedAdds new section for conversion of a limited liability company to an exempted company.
sch.addedAdds new section for conversion of a foundation company to an exempted company.