Virgin Islands Proposed Amendment to articles of incorporation regarding preemptive rights
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How to fill out Proposed Amendment To Articles Of Incorporation Regarding Preemptive Rights?
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FAQ
A nominee shareholder is an unrelated third party, who is officially registered as the holder of shares in an offshore company. The purpose of the nominee shareholder is to uphold client secrecy by shielding the actual owner of the company from being publicly associated with that particular offshore company.
Almost all companies formed in the British Virgin Islands are now registered under the BVI Business Companies Act (although a large number of existing companies were originally registered under the International Business Companies Act).
A shareholder is entitled, by written notice to the business company, to inspect the register of members, the register of directors, minutes of shareholder meetings and shareholder written resolutions.
The BVI Business Companies Act (No 16 of 2004) is the principal statute of the British Virgin Islands relating to British Virgin Islands company law, regulating both offshore companies and local companies.
Limited companies can issue more shares at any point after incorporation. Likewise, shareholders (members) can transfer or sell their company shares to other people at any time.
A rights issue is an invitation to existing shareholders to purchase additional new shares in the company. In a rights offering, each shareholder receives the right to purchase a pro-rata allocation of additional shares at a specific price and within a specific period (usually 16 to 30 days).
What is the process to transfer shares in a BVI company? Shares in a BVI company are transferred by a written instrument of transfer, which must be signed by the transferor and contain the name and address of the transferee. The executed instrument of transfer should be sent to the company for registration.
Any notice for such a meeting of members must state that the removal is the purpose (or one of the purposes) of the meeting. Alternatively, a director can be removed by a written resolution of members approved by at least 75 per cent of the votes of members who are entitled to vote.
