Section 15
of International Business Companies Order, 2000
Section 15
(1)
Subject to any relevant modification, an IBC may amend its Memorandum or
Articles by a resolution of its members or, where permitted by its Memorandum or Articles, by a resolution of its directors.
(2)
An IBC that amends its Memorandum or Articles shall within twenty one days of making an amendment pursuant to subsection (1) submit to the Registrar, together with the prescribed fee, a copy of the resolution under subsection (1) amending the Memorandum or
Articles, as the case may be, certified as a true copy by a director, the resident secretary or the
IBC’s registered agent and, subject to subsection (3), the Registrar shall retain the certified copy and register the amendment to which it relates, provided that the Registrar may require replacement Memorandum or Articles to be filed where in his opinion this is desirable owing to the nature, extent or effect of any amendment made in accordance with this section and the original or replaced Memorandum and Articles shall remain on the file of the company.
(3)
Where the amendment to the Memorandum is or includes a change in the name of the IBC, the Registrar shall not register the amendment unless he is satisfied that he can do so, having regard to sections 13 and 14.
(4)
An amendment to the Memorandum or Articles has effect from the time the amendment is registered.
Incorporating amendments until S 53/2017
(Clean Vesion) NANI/zimah _ as of 11 February 2020
26
BLUV as at 20th June 2017
(5)
An IBC which fails to comply with subsection (2) shall be guilty of an offence and liable on conviction to a fine not exceeding two thousand dollars and to a further fine not exceeding one hundred dollars for each day after conviction on which the failure continues.
Supply of copies of Memorandum and Articles.