Gazette amending-2024-0003 — Companies Act

Gazette

amending-2024-0003

Published

LG13/S2 —

s2Inserts new definitions including 'high net worth person' and adds subsection (6) for 'public in the Islands'.

LG13/S2 —

s14Substitutes subsection (1) to allow reduction by solvency statement and amends subsection (2).

LG13/S2 —

s14AAdds new section for reduction of capital supported by a solvency statement.

LG13/S2 —

s14BAdds new section for registration of solvency statement and minute of reduction.

LG13/S2 —

s15Changes wording to 'special resolution for reducing share capital' in subsection (1).

LG13/S2 —

s17Changes wording to 'special resolution for reducing share capital' in subsection (2).

LG13/S2 —

s37Inserts references to 'fractions of shares' in subsection (1).

LG13/S2 —

s88Changes section heading and substitutes subsection (1) for acquiring shares of dissenting shareholders.

LG13/S2 —

s201Allows companies without share capital to apply for continuation and repeals subsection (7).

LG13/S2 —

s211AAdds new section for re-registration of an exempted company as an ordinary resident company.

LG13/S2 —

s211BAdds new section for the effect of re-registration of an exempted company as an ordinary resident company.

LG13/S2 —

s232Inserts definitions for 'foundation company' and 'LLC agreement'.

LG13/S2 —

s233AAdds new section for conversion of a limited liability company to an exempted company.

LG13/S2 —

s233BAdds new section for conversion of a foundation company to an exempted company.