Regulatory Alerts2026-08-11
Added
International Business Companies (Amendment) Act, 2026
This Act amends the International Business Companies Act, 2016 by modifying section 134 to substitute the words "nine months of" with "30 days from", and revising section 150 to require disclosure of the nominee status of directors and the identity of their nominators. New subsection (1B) defines "nominee" and "nominator," mandating that identity details for individuals include name, address, date of birth, nationality, and national identity number or equivalent, while bodies corporate must provide name, address, date and place of incorporation or registration, and incorporation or registration number. Sections 346 and 352 are amended to require the name and date of appointment of each company's current directors, with compliance for section 150 amendments required by 31 December, 2026, and the sections 346 and 352 changes taking effect from 1 January, 2027.
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