BRITISH VIRGIN ISLANDS - Mossack Fonseca & Co.

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236. (1) The fees and penalties specified in Parts I and II respectively of
Schedule 1 shall be payable to the Registrar who shall pay them into the
Government Trust Account established under section 19 of the Financial
Services Commission Act.
(2) Parts I and II of Schedule 1 are subject to the provisions contained in
Part III of that Schedule.
(3) Unless this Act or the Regulation provide otherwise, the registered
agent is the only person authorised to pay a fee to the Registrar under
this section, and the Registrar shall not accept a fee paid by any other
person.
237. Any fee or penalty payable under this Act that remains unpaid for thirty days
immediately following the date on which demand for payment is made by
the Registrar is recoverable at the instance of the Commission before a
Magistrate in civil proceedings notwithstanding the amount sought to be
recovered.
238. A company continues to be liable for all fees and penalties payable under
this Act notwithstanding that the name of the company has been struck off
the Register of Companies.
239. The Registrar may refuse to take any action required of him under this Act for
which a fee is prescribed until all fees have been paid.
240. (1) The Executive Council may, on the advice of the Commission, make
Regulations generally for giving effect to this Act and specifically in respect
of anything required or permitted to be prescribed by this Act.
(2) Without limiting subsection (1), the Regulations may provide for the
circumstances in which, and the procedures by which, a company
may re-register from one type of company under section 5 to another
type of company under that section;
(3) The Regulations may make different provision in relation to different
persons, circumstances or cases.
241. (1) Where this Act or the Regulations require a document to be in “the
approved form”, the Commission shall, by publication in the prescribed
manner, approve a form to be used for the document.
(2) The Commission may, with respect to any other document required or
permitted to be filed, issued or produced under this Act or the
Regulations, approve a form to be used for the document.
AE/ET/Pub./bg/03.2007
Fees and
penalties to be
paid to
Registrar.
No. 12 of 2001
Schedule 1
26/2005
Recovery of
penalties,
etc.
Company struck
off liable for
fees, etc.
Fees payable to
Registrar.
Companies
Regulations.
Approval of forms
by Commission.
12/2006