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CAP. 270, INTERNATIONAL BUSINESS COMPANIES ACT

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28<br />

<strong>CAP</strong>. <strong>270</strong>]<br />

International Business Companies<br />

(3) The Memorandum must be subscribed to by a person in the presence<br />

of another person who must sign his name as a witness.<br />

(4) The Memorandum, when registered, binds the company and its members<br />

from time to time to the same extent as if each member had subscribed<br />

his name and affixed his seal thereto and as if there were contained in the<br />

Memorandum, on the part of himself, his heirs, executors and administrators,<br />

a covenant to observe the provisions of the Memorandum, subject to this Act.<br />

Articles.<br />

13.-(1) The Memorandum, when submitted for registration, must be accompanied<br />

by Articles prescribing regulations for the company.<br />

(2) The Articles must be subscribed to by a person in the presence of<br />

another person who must sign his name as a witness.<br />

(3) The Articles, when registered, bind the company and its members<br />

from time to time to the same extent as if each member had subscribed his<br />

name and affixed his seal thereto and as if there were contained in the Articles,<br />

on the part of himself, his heirs, executors and administrators, a covenant to<br />

observe the provisions of the Articles, subject to this Act.<br />

Registration.<br />

14.-(1) The Memorandum and the Articles must be submitted to the Registrar,<br />

who must retain and register them in a Register to be maintained by him<br />

and to be known as the Register of International Business Companies.<br />

Certificate of<br />

incorporation.<br />

(2) The Minister may direct that the Registrar shall maintain one or more<br />

Branch Registers of International Business Companies which may be maintained<br />

in Belize or outside Belize.<br />

(3) Upon the registration of the Memorandum and the Articles, the Registrar<br />

shall issue a certificate of incorporation under his hand and seal certifying<br />

that the company is incorporated.<br />

15.-(1) Upon the issue by the Registrar of a certificate of incorporation of a<br />

[ ]<br />

THE SUBSTANTIVE LAWS OF BELIZE REVISED EDITION 2000<br />

Printed by the Government Printer,<br />

No. 1 Power Lane,<br />

Belmopan, by the authority of<br />

the Government of Belize.

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