08.03.2013 Views

BRITISH VIRGIN ISLANDS - Mossack Fonseca & Co.

BRITISH VIRGIN ISLANDS - Mossack Fonseca & Co.

BRITISH VIRGIN ISLANDS - Mossack Fonseca & Co.

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

54<br />

address or, if the registered agent is not aware of the identity of any<br />

director of the company, to the person from whom the registered<br />

agent last received instructions concerning the company.<br />

(4) If a company does not change its registered agent in accordance with<br />

section 92 on or before the date specified in the notice given under<br />

subsection (2), the registered agent may file a notice of resignation as<br />

the company’s registered agent.<br />

(5) Unless the company has previously changed its registered agent, the<br />

resignation of a registered agent is effective the day after the notice<br />

of resignation is registered by the Registrar.<br />

94. (1) For the purposes of this section, a person ceases to be eligible to<br />

act as a registered agent if<br />

(a) the person ceases to hold a licence under the <strong>Co</strong>mpany<br />

Management Act 1990 or the Banks and Trust <strong>Co</strong>mpanies Act<br />

1990; or<br />

(b) the <strong>Co</strong>mmission withdraws its approval for the person to provide<br />

registered agent services.<br />

(2) Where a person ceases to be eligible to act as a registered agent, that<br />

person shall, with respect to each company of which he was,<br />

immediately before ceasing to be eligible to act, the registered agent<br />

send to the person specified in subsection (3)<br />

(a) a notice<br />

(i) advising the company that he is no longer eligible to be its<br />

registered agent,<br />

(ii) advising the company that it must appoint a new registered<br />

agent within ninety days of the date of the notice, and<br />

(iii) specifying that on the expiration of the period specified in<br />

subparagraph (ii), he will cease to be the registered agent<br />

of the company, if the company has not previously changed<br />

its registered agent; and<br />

(b) a list of persons who are authorised by the <strong>Co</strong>mmission to<br />

provide registered agent services.<br />

(3) A notice under subsection (2) and a list of approved registered agents<br />

shall be sent to a director of the company at the director’s last known<br />

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

Registered agent<br />

ceasing to be<br />

eligible to act.<br />

No. 8 of 1990<br />

No. 9 of 1990

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!