Regulatory Alerts2023-11-23
Cancellation of Securities Registration for Jolly Capital Limited by the Cayman Islands Monetary Authority
The Cayman Islands Monetary Authority has cancelled the securities registration of Jolly Capital Limited effective 21 November 2023 due to multiple statutory breaches. The registrant failed to file required annual declarations and fees, maintain compliant directors, and operate from a registered office, demonstrating management that was not fit and proper. The decision is issued under section 17(2A)(a) of the Securities Investment Business Act and carries a statutory right to appeal to the Cayman Islands court.
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