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Specialist in British Virgin Islands (BVI) Company Formations
We provide BVI offshore company formations and related services to clients worldwide. We are specialist in tax exempt BVI Companies. All aspects of the incorporation and post incorporation process can be completed on-line and via email. Professional personnel are available to help you on-line and off-line.
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Offshore Company Land NewsLetters?

 
 

Can I amend the Memorandum and Articles of Association of my BVI company?  
Staff writer: NetIncorp.com
October 17, 2012


Yes. Your BVI offshore company may amend its Memorandum and Articles of Association by resolution of the shareholders or by a resolution of the directors. However the directors do not have the power to amend the Memorandum and Articles of Association in the following ways:

(1) to restrict the rights or powers of the shareholders to amend the Memorandum and Articles of Association.

(2) to change the percentage of shareholders required to pass a resolution to amend the Memorandum and Articles of Association or in circumstances where the Memorandum and Articles of Association cannot be amended by the shareholders.

These rules are in place to protect the shareholders when the directors and shareholders interests are not aligned. 

Some common amendments are name changes, changes in the number of authorized shares, changes in share structure and change of BVI registered agent.     

If you have any questions about the above, send us an email.

      


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