| On 1 January 2007 all BVI companies
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| | applicable laws. It's important not just
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| formed under the Old Act (International
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| | for good housekeeping reasons but the
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| Business Companies Act (Cap 291)) will be
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| | M&AAs will need to be up to date under
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| automatically re-registered under the New
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| | the new legislation when an institution
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| Act (BVI Business Companies Act 2004).
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| | such as a bank requires sight of them.
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| There is an opportunity to re-register
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| | Whilst reviewing the M&AAs there is also
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| under the New Act during 2007. This
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| | the opportunity to remove bearer share
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| means that it will be necessary to
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| | provisions if they are not required, a
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| consider adopting new Memorandum and
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| | move which will ultimately save US$750 in
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| Articles of Association....moreOn 1
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| | annual Government Tax.We recommend the
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| January 2007 all BVI companies formed
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| | above action so that every BVI company's
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| under the Old Act (International Business
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| | M&AA does not contradict and is fully
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| Companies Act (Cap 291)) will be
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| | consistent with the law that now applies.
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| automatically re-registered under the New
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| | ILS can effect these changes efficiently
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| Act (BVI Business Companies Act 2004).
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| | and cost effectively.
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| There is an opportunity to re-register
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| | Visit Beighton is the Sales and
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| under the New Act during 2007. This
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| | Marketing Manager at ILS, a company which
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| means that it will be necessary to
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| | establishes and administers onshore and
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| consider adopting new Memorandum and
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| | offshore companies and trusts.
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| Articles of Association relevant to the
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