THE REGISTRAR OF Companies has advised its clients that with the recent proclamation of the Companies (Amendment) Act, 2011-8, several amendments have been introduced with respect to the administration of companies without share capital.
The changes, which will take effect from Tuesday, November 1, include: a mandatory requirement of a minimum of three directors – Section 316; a requirement for the filing of a Notice of Change of Directors within 15 days of the change – section 316; and a penalty of $100 per day for failing to file Notice of  Change with the Registrar within the prescribed time – Section 316.
To review the full text of the Companies (Amendment) Act, 2011-8, persons may visit the website at www.caipo.gov.bb. (BGIS)
