Section 64
of International Business Companies Order, 2000
Section 64
(1)
The directors of every IBC shall appoint one or more secretaries at least one of whom shall be a resident secretary. Subject to subsection (2) and any relevant modification, a secretary of an IBC may be a corporation and such corporation may act by itself or through a nominee appointed in writing and may be appointed or may act as a secretary of more than one company.
(2)
No person, other than an officer of a registered agent or a wholly-owned subsidiary authorised under section 3(3) of the Registered Agents and Trustees Licensing
Order, 2000, shall act or be appointed as a resident secretary.
Incorporating amendments until S 53/2017
(Clean Vesion) NANI/zimah _ as of 11 February 2020
66
BLUV as at 20th June 2017
(3)
The resident secretary of an IBC shall be responsible for the compliance by the company with the requirements of this Order, provided that the resident secretary shall not be liable as an officer of the company to any penalty or damages save for anything done or omitted to be done by him in carrying out the duties of his office otherwise than by reason of his wilful misconduct, willful default or wilful neglect.
Management by directors.