St. Lucia International Business Companies Act - Lexadin

Saint Lucia International Business Companies Act, 1999 Page 48(d)(e)(f)(g)a statement of the estimated time required to wind up and dissolve the international businesscompany;a statement as to whether the liquidator is authorised to carry on the business of the internationalbusiness company if the liquidator determines that to do so would be necessary or inthe best interests of the creditors or members of the international business company;a statement of the name and address of each person to be appointed a liquidator and theremuneration proposed to be paid to each liquidator; anda statement as to whether the liquidator is required to send to all members a statement ofaccount prepared or caused to be prepared by the liquidator in respect of his or her actions ortransactions.(2) If a winding up and dissolution is being effected in a case where subsection (2) of section 90 isapplicable(a)(b)(c)the plan of dissolution must be authorised by a resolution of members, and the holders of theoutstanding shares of a class or series of shares are entitled to vote on the plan of dissolutionas a class or series only if the memorandum or articles so provide;if a meeting of members is to be held, notice of the meeting, accompanied by a copy of theplan of dissolution, must be given to each member, whether or not entitled to vote on the planof dissolution; andif it is proposed to obtain the written consent of members, a copy of the plan of dissolutionmust be given to each member, whether or not entitled to consent to the plan of dissolution.(3) After approval of the plan of dissolution by the directors, and if required, by the members in accordancewith subsection (2), articles of dissolution must be executed by the international business companyand must contain(a)(b)the plan of dissolution; andthe manner in which the plan of dissolution was authorised.(4) Articles of dissolution shall be submitted by the international business company to the Registrar whoshall retain and register them in the Register and within thirty days immediately following the date onwhich the articles of dissolution are submitted to the Registrar, the international business companyshall cause to be published, in the Gazette, in a publication of general circulation in Saint Lucia, anotice stating(a)(b)(c)that the international business company is in dissolution;the date of commencement of the dissolution; andthe names and addresses of the liquidators.(5) A winding up and dissolution commences on the date the articles of dissolution are registered by theRegistrar or on such date subsequent thereto, not exceeding thirty days, as is stated in the articles ofdissolution.