Archive for March, 2007
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III Juridical Entities: B. Shareholders (Sec 5)
Tuesday, March 20th, 2007
(5.) Single Member Companies
Public companies within Belize must have at minimum seven members. Private companies must have a minimum of two. Members of companies where these minimums are not met for six months and whom are cognizant of this continued operation will be jointly and severally liable for any debts […]
III Juridical Entities: B. Shareholders (Sec 6-7)
Sunday, March 18th, 2007(6.) Extraordinary Special Resolution
Extraordinary resolutions are those passed by seventy-five percent of such members entitled to do so, vote in person or by proxy where allowed at a general meeting where the notice of the resolution proposition was provided. Special resolutions are extraordinary resolutions with the added test that the […]
III Juridical Entities: B. Shareholders (Sec 8)
Saturday, March 17th, 2007(8.) Capital – Payment In Kind
Shares may be issued for cash or other consideration. The requirements to allow payments in kind as consideration for capital would include a contract in writing constituting the title of the allottee along with any contract of sale for services or other consideration that the […]