This consolidated version of the enactment incorporates all amendments listed in the. Consultation on potential amendments to the companies guernsey. Court the royal court of guernsey sitting as an ordinary court. The registration of nonregulated financial services businesses bailiwick of guernsey law, 2008 consolidated text note this consolidated version of the enactment incorporates all amendments listed in the footnote below. Companies guernsey law, 2008 as amended the company laws. Companies guernsey law, 2008 consolidated text guernsey. The company is limited by shares within the meaning of section 22ai of the company laws. The law introduced a modern company incorporation and registration system the guernsey registry replacing the role that the greffe, advocates and the court played in. City code has the meaning given in the companies law. The registered office of the company will be situate in guernsey.
Walkers guernsey proposed changes to the companies. The companies guernsey law, 2008 as amended noncellular company limited by shares articles of incorporation of eurocastle investment limited registered this 8 th day of august 2003 new articles of incorporation adopted by special resolution dated 18 may 2016. Mxc capital limited, incorporated in guernsey under registered number 58895. Registration of nonregulated financial services businesses bailiwick of guernsey law, 2008 schedule 1 amendment regulations, 2010. B shares to the company in accordance with the terms of this appendix. The company is limited by shares within the meaning of section 22ai of the law. The authoritative text of the enactment and of the amending instruments may be obtained from her majestys greffier, royal court house, guernsey, gy1 2pb. The companies guernsey law, 2008, as amended company limited by shares amended and restated articles of incorporation of pershing square holdings, ltd. The companies guernsey law, 2008, as amended noncellular company limited by shares articles of incorporation of duke royalty limited registered on 22 february 2012, with articles of incorporation adopted by a special resolution passed.
You will find below the key extracts from the guernsey companies law along with the full act. To access the consolidated version in printable format, please click. Conversion ratio in relation to each class of c shares, a divided by b. A police officer within the meaning of the companies guernsey law 2008. The companies guernsey law, 2008 as amended, extended or replaced and any ordinance, statutory instrument. Companies guernsey law, 2008 together the statutory. The objects for which the company is established are.
The aim is to increase flexibility, and reduce the cost of incorporating a company in some cases, whilst maintaining aml and cft standards, which apply to all the above. Home laws revised edition current companies jersey law 1991. The companies guernsey law, 2008 amendment ordinance. The amendments will affect the liquidations and administrations of companies. It should be noted that the duties of a company secretary under this section. The registered office of the company will be situated in guernsey. This briefing summarises the major changes to this area of law and outlines important administrative steps which need to be taken by company administrators and directors in all sectors. Responses will be considered by the committee for economic. Company name 1 a company shall have the following word or words at the end. The companies guernsey law, 2008 as amended noncellular company limited by shares articles of incorporation of pyne gould corporation limited 1. Provisions which may be displaced or supplemented by contrary provisions in a company s memorandum or articles of incorporation. On 1 july 2008, the companies guernsey law, 2008 the companies law came into force.
Companies guernsey law, 2008 consolidated text note. The name of the company is alpha real trust limited. The company is a noncellular company within the meaning of section 21c. Dematerialised instruction an instruction sent or received by means an uncertificated s ystem. This briefing considers the impact of the companies law. Company globalworth real estate investments limited, a company registered in guernsey with registration number 56250. The company is a noncellular company within the meaning of section 21c of the. Ordinance, 2014 and companies guernsey law, 2008 amendment ordinance, 2015.
Managing director the managing director of the company appointed pursuant to article 32. All companies registered in guernsey must abide by guernsey company law stated in the companies guernsey law 2008. However, while it is believed to be accurate and up to date, it. Member in relation to shares means the person whose name is entered in the register as the holder of the shares and. The companies guernsey law, 2008 company limited by shares articles of incorporation of john laing infrastructure fund limited adopted by special resolution passed on 26 october 2010 1 standard articles the standard articles prescribed pursuant to section 162 of the law shall be excluded in their entirety. Company icglongbow senior secured uk property debt investments limited. Voluntary winding up under the guide companies guernsey. The companies guernsey law, 2008 is amended as follows. Registration of nonregulated financial services businesses bailiwick of guernsey law 2008 schedule 1 amendment regulations, 20. In section 972, for paragraph b substitute the following paragraph b confirmation from her majestys procureur and the administrator of income tax that they have no objection to the removal of the company from the register. This memorandum has been prepared to assist our clients in connection with the provisions in the companies guernsey law, 2008 as amended most recently by the companies guernsey law, 2008 amendment ordinance 2015 the companies law which may i be. Last week, the states of guernsey approved amendments to the companies guernsey law 2008 that will modernise the corporate insolvency regime in guernsey. Companies law the companies guernsey law, 2008 as amended.
Page 3 the companies guernsey law, 2008 transitional provisions guidance regulation 12. This briefing summarises the major changes to this area of law and outlines important administrative steps which need to be taken by company administrators and. Page 3 introduction on the 1 st july 2008 a new consolidated companies guernsey law, 2008 the law came into force. Controlling shareholder has the meaning given to it in article 49. The companies guernsey law, 2008, as amended noncellular company limited by shares memorandum of incorporation of summit germany limited 1.
On 30 may 2012, the commerce and employment department released revised proposals to amend the companies guernsey law, 2008 for consultation in a document entitled the companies guernsey law. The companies guernsey law 2008 as amended noncellular company limited by shares memorandum of incorporation of alpha real trust limited 1. The company is a noncellular company within the meaning of section 2lc of the companies. Insurance intermediaries bailiwick of guernsey law, 2002. On 1 july 2008, guernsey s new companies law, the companies guernsey law 2008 the law came into force. The companies guernsey law, 2008 amendment ordinance, 2015 detailed summary of changes. The company s registered office will be situated in guernsey.
Standard articles the standard articles of incorporation prescribed pursuant to section 162 of the law shall be excluded in their entirety. The liability of the shareholders is limited to the amount if any for the time being unpaid on the. The companies guernsey law, 2008, as amended company limited by shares articles of incorporation of the channel islands securities exchange limited 1. Conversion in relation to any class of c shares, conversion of that class of c shares in accordance with these articles.
This guide examines the procedure for carrying out a voluntary winding up. Standard articles the standard articles prescribed pursuant to section 162 of the law shall be excluded in their entirety. The liability of each member of the company is limited to the amount, if any, unpaid on the shares held by him. Section 200 relates to incorporated cells which are not required to hold an agm unless it is required to by its memorandum or. One of the many developments introduced by the 2008 law was a complete overhaul of the rules governing the declaration of dividends and the making of distributions. Companies law means the companies guernsey law, 2008 as from time to time amended, supplemented, consolidate or replaced and all ordinances and regulations made thereunder. This consolidated version of the enactment incorporates all amendments listed in the footnote below. The company shall have the power by special resolution to make provision in this. Section 947 of the companies act 2006, article 7 of the companies takeovers and mergers panel jersey law 2009 and section 340f of the companies guernsey law, 2008 together the statutory provisions give the takeover panel the panel power to require documents and information. A voluntary winding up is the procedure used to wind up a solvent guernsey company under the companies guernsey law, 2008 the law.
277 1425 228 1021 880 362 1267 936 721 96 511 7 253 1104 1131 195 1435 1420 388 229 1245 211 848 1145 242 140 286 262 1157 1274 281 225 732 360 863 1021 1415 646 1105 92 400 164 1423 377 263 1241 886 1296 1380