Nevis Business Corporation Ordinance 1984 - Intax Info

(3) The succession of the corporation if other than perpetual;
(4) The purpose or purposes for which the corporation is organized. It shall be sufficient
to state, either alone or with other businesses or purposes, that the purpose of the
corporation is to engage in any lawful act or activity for which corporation: may be
organized under this Ordinance, and by such statement all lawful acts and activities
shall be within the purposes of the corporation, except for express limitations, if any.
(5) The address of the corporation in Nevis which shall be the address of its registered
agent.
(6) The aggregate number of shares which the corporation shall have authority to issue;
if such shares are to consist of one class only, the par value of each of such shares, or
a statement that all of such shares are without par value; or if such shares are to be
divided into classes, the number of shares of each class, and a statement of the par
value of the shares of each class or that such shares are to be without par value.
(7) If the shares are to be divided into classes, the designation of each class and a
statement of the preferences, limitations, and relative rights in respect of the shares of
each class.
(8) The number of shares to be issued as registered shares and as bearer shares and
whether registered shares may be exchanged for bearer shares and bearer shares for
registered shares.
(9) If bearer shares are authorized to be issued,
(i)
(ii)
appropriate procedural provisions respecting the rights and obligations of
bearer shareholders including those relating to (1) notice of meetings or
other action, (2) payment of dividends and, (3) qualification for voting; or,
a statement that the provisions required by (i) above shall be set forth in the
bylaws.
(10) If the corporation is to issue the shares of any preferred or special class in series, then
the designation of each series and a statement of the variations in the relative rights
and preferences as between series insofar as the same are to be fixed in the articles of
incorporation, and a statement of any authority to be vested in the board of directors
to establish series and fix and determine the variations in the relative rights and
preferences as between series.
(11) If the initial directors are to be named in the articles of incorporation, the names and
addresses of the persons who are to serve as directors until the first annual meeting of
the shareholders or until their successors shall be elected and qualify.
(12) The name and address of each incorporator.
(13) Any provision, not inconsistent with law, which the incorporators elect to set forth in
the articles of incorporation for the regulation of the affairs of the corporation,
including the designation of initial directors, subscription of stock by the
incorporators, and any provision restricting the transfer of shares or providing for
greater quorum or voting requirements with respect to shareholders or directors than
are otherwise prescribed in this Ordinance, and any provision which under this
Ordinance is required or permitted to be set forth in the bylaws. It shall not be
necessary to enumerate in the articles of incorporation the general corporate powers
stated in section 12 of Part II.
Powers and rights of bondholders.
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