Regulatory AlertsBVI Business Companies Act (Revised 2020)
The Law Revision Commissioner of the British Virgin Islands issued this consolidated statute to establish the legal framework for the incorporation, management, and operation of various company types within the jurisdiction. The Act mandates strict requirements for corporate governance, including the maintenance of registered agents, accurate registers of members and directors, and adherence to solvency tests for distributions and share acquisitions. It further regulates complex corporate structures such as segregated portfolio companies, outlines procedures for mergers and liquidations, and defines the fiduciary duties and liabilities of directors and members.
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