Nevis Business Corporation Ordinance 1984 - Intax Info

ecords ordered to be produced in their custody or power, under penalty of punishment for contempt of court.
All expenses of the production shall be defrayed by the applicant unless the High Court orders them to be paid
or shared by the corporation.
Annual and interim reports
80. Upon the written request of any person who shall have been a shareholder of record for at least six
months immediately preceding his request, or of any person holding, or thereunto authorized in writing by the
holders of at least five percent of any class of the outstanding shares, the corporation shall give or mail to such
shareholder an annual balance sheet and profit and loss statement for the preceding fiscal year, and, if any
interim balance sheet or profit and loss statement has been distributed to its shareholders or otherwise made
available to the public, the most recent such interim balance sheet or profit and loss statement. The corporation
shall be allowed a reasonable time to prepare such annual balance sheet and profit and loss statement.
PART IX - AMENDMENTS TO ARTICLES OF INCORPORATION
Right to amend articles of incorporation
81. A corporation may amend its articles of incorporation from time to time in any and as many respects as
may be desired, provided such amendment contains only such provisions as might lawfully be contained in the
original articles of incorporation filed at the time of making such amendment.
Reduction of stated capital by amendment
82. Reduction of stated capital which is not authorized by action of the board may be effected by an
amendment of the articles of incorporation, but no reduction of stated capital shall be made by amendment
unless after such reduction the stated capital exceeds the aggregate preferential amount payable upon
involuntary liquidation upon all issued shares having preferential rights in assets plus the par value of all other
issued shares with par value.
Procedure for amendment
83.(1) Amendment of the articles of incorporation may be authorized by vote of the holders of a majority of
all outstanding shares entitled to vote thereon at a meeting of shareholders or by written consent of all
shareholders entitled to vote thereon.
(2) Alternatively, any one or more of the following amendments may be approved by the board:
(i)
(ii)
To specify or change the location of the office or registered address of the
corporation; and
To make, revoke or change the designation of a registered agent, or to specify or
change the address of its registered agent.
(3) The articles of incorporation may be amended by consent in writing of all the incorporators provided
the incorporators verify that no shares have been issued.
(4) This section shall not alter the vote required under any other section for the adoption of an amendment
referred to therein, nor alter the authority of the board to authorize amendments under any other section.
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