The British Virgin Islands Financial Services Commission is proposing changes to the Business Companies Act 2004 following recommendations made by a company law advisory committee. A draft of the BVI Business Companies (Amendment) Act 2011 and the BVI Companies Regulations 2011 have been published for comment: see, respectively, here (pdf) and here (pdf). Explanatory notes are available here (pdf). The changes cover, amongst other things, company names, the duties of alternate directors, the registration of charges and the creation of a new type of company: the not for profit company.
Friday, 8 July 2011
BVI: FSC consults on Business Companies Act changes
The British Virgin Islands Financial Services Commission is proposing changes to the Business Companies Act 2004 following recommendations made by a company law advisory committee. A draft of the BVI Business Companies (Amendment) Act 2011 and the BVI Companies Regulations 2011 have been published for comment: see, respectively, here (pdf) and here (pdf). Explanatory notes are available here (pdf). The changes cover, amongst other things, company names, the duties of alternate directors, the registration of charges and the creation of a new type of company: the not for profit company.
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