THE BAHAMAS THE INTERNATIONAL BUSINESS COMPANIES ACT, 2000

PART IV REGISTERED OFFICE AND REGISTERED AGENT

37.

(1)   A company incorporated under this Act shall at all times have a registered office in The Bahamas.

(2)   The address of the registered office shall be submitted to the Registrar with the Memorandum for registration upon the date of the application for incorporation.

(3)   The directors of the company may change the address of the registered office of the company, which change shall be notified to the Registrar within seven days after such change has been made.

38.

(1)   A company incorporated under this Act shall at all times have a registered agent in The Bahamas.

(2)   No person shall act as registered agent unless he is licensed to carry on the business of financial and corporate services pursuant to section 3 of the Financial and Corporate Service Providers Act, 2000: Provided that this subsection shall not apply to a company licensed under the Banks and Trust Companies Regulation Act, 2000.

(3)   The Minister may by order vary or add to the requirements of subsection (2).

(4)   Any person who was acting as a registered agent before the coming into force of this section may continue to so act but only if such person, within 90 days from the commencement of this section obtains a licence pursuant to the Financial and Corporate Service Providers Act, 2000.

(5)   The name and address of the registered agent shall be submitted to the Registrar for registration at the date of incorporation of the company.

(6)   The company shall notify the Registrar of any change in the name or address of the registered agent.

39.

(1)   The Registrar shall maintain a register of licensed registered agents and the register referred to in section 9 of the Financial and Corporate Service Providers Act, 2000 shall be the register for the purposes of this section.

(2)   The Registrar shall, during the month of February in each year, publish in the Gazette a list of registered agents on 31st January in that year.

(3) Any change in the details kept by the Registrar in the register of registered agents pursuant to subsection (1) shall be notified immediately by the registered agent to the Registrar, and upon payment of such fee as may be prescribed by the Minister, the Registrar shall record the change in the register of registered agents.

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30/09/2006
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