Business company act to maintain head office or attorney. The essence of the Act was that a compny incorporated under that legislation was prohibited from conducting business with people resident within the Territory i. Ina series of international initiatives were commenced against tax havens by supra-national bodies gusiness as the OECDincluding an initiative against what was termed " unfair tax competition ". Part 5 — Management. Transfer of registered office by agent. The Act has already been amended multiple times in business company act relatively brief life. Amalgamation resulting in community contribution company. Lieutenant Governor in Council may make exclusions. Division 6 — Purchase of Shares by Subsidiary. Division 9 — Debentures. Articles on conversion of member-funded society. This reflected the market for British Virgin Islands companies prior to the repeal of the double-tax treaty. Registrar's duties after restoration or reinstatement. Conversion of special Just click for source corporations. Vacancies among class or series directors. Division 1 — Definition and Application. Here 5 — Http://adibodobe.online/meaning/procurement-means-business-1.php. Amalgamation resulting in limited company. Division 3 — Investigations. After 1 Januarybusiness company act companies which had been originally incorporated under the Companies Act were compulsorily re-registered under the BVI Business Companies Act.