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BRITISH VIRGIN ISLANDS - Mossack Fonseca & Co.

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144<br />

PART XIV<br />

ADMINISTRATION AND GENERAL<br />

228. (1) An oral or written statement or report made by an inspector or any<br />

other person in an investigation under this Part has absolute privilege.<br />

(2) Nothing in this Part affects the legal privilege that exists in respect of a<br />

legal practitioner and his client.<br />

228A. (1) The Minister shall, with the advice of the <strong>Co</strong>mmission, establish a<br />

committee to be known as the “<strong>Co</strong>mpany Law Review Advisory <strong>Co</strong>mmittee”.<br />

(2) The Minister shall, with the advice of the <strong>Co</strong>mmission, appoint as<br />

members of the <strong>Co</strong>mmittee such persons having knowledge and<br />

experience of company law as it considers appropriate.<br />

(3) The functions of the <strong>Co</strong>mpany Law Review Advisory <strong>Co</strong>mmittee shall be<br />

(a) to keep this Act, and such other enactments relevant to<br />

company law as may be specified by the <strong>Co</strong>mmission, under<br />

review;<br />

(b) to make such recommendations as it considers appropriate to<br />

the <strong>Co</strong>mmission for changes to this Act and to any other<br />

enactments specified by the <strong>Co</strong>mmission under paragraph (a);<br />

and<br />

(c) to make such recommendations as it considers appropriate to<br />

the <strong>Co</strong>mmission for the development and reform of company<br />

law in the Virgin Islands;<br />

(4) The Chairman of the <strong>Co</strong>mmittee shall be the Managing Director of the<br />

<strong>Co</strong>mmission or such other person as he may designate.<br />

(5) The Regulations shall specify rules of procedure for the <strong>Co</strong>mmittee.<br />

229. (1) The <strong>Co</strong>mmission<br />

(a) shall appoint a suitably experienced person to be Registrar of<br />

<strong>Co</strong>rporate Affairs, and<br />

(b) may appoint one or more Deputy Registrars of <strong>Co</strong>rporate<br />

Affairs and one or more Assistant Registrars of <strong>Co</strong>rporate<br />

Affairs,<br />

AE/ET/Pub./bg/03.2007<br />

Privilege.<br />

26/2005<br />

26/2005<br />

<strong>Co</strong>mpany Law<br />

Review Advisory<br />

<strong>Co</strong>mmittee.<br />

26/2005<br />

Registrar of<br />

<strong>Co</strong>rporate<br />

Affairs.

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