IBC Act updated

Date: 01/01/14, Category: Offshore, read: 1752 times

Seychelles Update IBC (International Business Companies) Act

At the end of 2013 the Seychelles government officially enacted the IBC (Amendment) Bill on bearer share abolishment. These changes became effective starting January 2014. According to it all existing bearer shares must now be replaced by registered shares with the name of the shareholder. M&AA issued before need to be amended and replaced (i.e. so as to remove all bearer share provisions and to provide only for registered shares).

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