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Shares may have a par value expressed in any currency or no par value. A minimum of one director is required (unless the Company is regulated as a fund under the BVI Mutual Funds Regulations, 2010 (as amended), in which case a minimum of two directors is required).
Requirements of BVI company registration All shareholders/directors shall be over 18 of age, and hold valid identification documents including passport or identity card (no restriction on nationality);
Common Shareholders' Main Rights Voting power on major issues. ... Ownership in a portion of the company. ... The right to transfer ownership. ... Entitlement to dividends. ... Opportunity to inspect corporate books and records. ... The right to sue for wrongful acts.
The shareholders of a business company have the power, subject to the terms of the Memorandum and Articles, to remove a director of the business company from office by passing a shareholders' resolution.
The shareholders of a business company have the power, subject to the terms of the Memorandum and Articles, to remove a director of the business company from office by passing a shareholders' resolution.