Virgin Islands Removal of two directors
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How to fill out Removal Of Two Directors?
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FAQ
General information on a company's registration number, registered office, incorporation date, status and authorized capital, etc. is available. A small fee is charged for each search and various payment methods are available for your convenience. Please contact the BVI Commercial Registry to conduct your search.
The Certificate of Incumbency will show when the company was incorporated and the current structure. This includes a the country of registration, the registered office address and information on the directors and shareholders, often required for a bank account.
Challenge Directors Where the shareholders exercise the right to remove a director by passing a written resolution, a majority must be of at least 75% of the shareholders entitled to vote (or, in either case, other thresholds specified in the Memorandum or Articles).
A BVI certificate of incumbency is a requirement by financial institutions globally for a BVI company to open an account. In most cases, we will advise new clients to purchase the certificate of incumbency as they can open bank accounts within the first 6 months of incorporation.
Like mainland Puerto Rico, the Virgin Islands that belonged to Spain were ceded to the United States in 1898. The United States took possession of the islands after the signing of the armistice that put an end to military operations in the Spanish?American War.
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.
The registered address is the legal address of your BVI company, The Registered Agent is responsible for safe custody and maintaining of the Memorandum and Articles of Association, the Register of Members, the Register of Directors, copies of Resolutions, notices and filings.
Release of security If the notice is filed by or on behalf of the Company, it must be signed by the chargee or a registered agent or a BVI lawyer acting on behalf of the chargee or accompanied by a statutory declaration verifying the matters stated in the notice.