International Business Companies Act (1984) 

104.

There shall be paid to the Registrar fees as follows:

(a)

$300.00 upon the registration of a company incorporated under this Act if

(i)

the authorised capital of the company does not exceed $50,000.00,

(ii)

all the shares of the company have a par value, and

(iii)

the company is prohibited by its memorandum from issuing bearer shares;

(b)

$1,000.00 upon the registration of a company incorporated under this Act if either or both of the following apply to the company:

(i)

the authorised capital of the company exceeds $50,000.00;

(ii)

the company is not prohibited by its memorandum from issuing bearer shares.

(c)

upon the registration by the Registrar of a copy of a resolution of members or a resolution of directors amending the Memorandum or Articles of a company incorporated under this Act,

(i)

$25.00 if the registration is within 30 days immediately following the passing of the resolution authorizing the amendment,

(ii)

$50.00 if the registration is within 60 days immediately following the passing of the resolution authorizing the amendment,

(iii)

$75.00 if the registration is within 90 days immediately following the passing of the resolution authorizing the amendment, and

(iv)

$100.00 if the registration is later than 90 days following the passing of the resolution authorizing the amendment;

(ca)

$700.00 upon the registration by the Registrar of a copy of a resolution of members or a resolution of directors amending the memorandum of a company incorporated under this Act that has the effect of permitting the company to issue bearer shares;

(d)

$500.00 upon the registration by the Registrar of articles of merger or consolidation, but $700.00 if the articles of merger or consolidation

(i)

also constitute the memorandum of a company which, if it was being registered, would be liable to pay a fee of $1,000.00 under paragraph (b), or

(ii)

amend the memorandum of a company such that the company, if it was being registered, would be liable to pay a fee of $1,000.00 under paragraph (b);

(e)

$500.00 upon the registration by the Registrar of articles of arrangement, but $700.00 if the articles of arrangement

(i)

also constitute the memorandum of a company which, if it was being registered, would be liable to pay a fee of $1,000.00 under paragraph (b), or

(ii)

amend the memorandum of a company such that the company, if it was being registered, would be liable to pay a fee of $1,000.00 under paragraph (b);

(f)

$250.00 upon the submission to the Registrar of articles of continuation for a company incorporated under the Companies Act the authorized capital of which does not exceed $50,000.00 and which is prohibited by its memorandum from issuing bearer shares, and, in addition, in the case of a company that continues its incorporation under this Act before 30th April in any year, such sum as would have been payable by that company under the Companies Act if that company had not so continued its incorporation under this Act;

(g)

$1,000.00 upon the submission to the Registrar of articles of continuation for a company incorporated under the Companies Act and which, if it was being registered, would be liable to pay a fee of $1,000.00 under paragraph (b), and, in addition, in the case of a company that continues its incorporation under this Act before 30th April in any year, such sum as would have been payable by that company under the Companies Act if that company had not so continued its incorporation under this Act;

(h)

$500.00 upon the submission to the Registrar of articles of continuation for a company not incorporated under the Companies Act the authorized capital of which does not exceed $50,000.00 and which is prohibited by its memorandum from issuing bearer shares;

(i)

$1,000.00 upon the submission to the Registrar of articles of continuation for a company not incorporated under the Companies Act and which, if it was being registered, would be liable to pay a fee of $1,000.00 under paragraph (b);

(j)

$100.00 upon the registration by the Registrar of articles of dissolution;

(k)

$100.00 upon the registration by the Registrar of a resolution rescinding articles of dissolution;

(l)

$25.00 upon the issue by the Registrar of a duplicate, or certified copy of a certificate of incorporation, merger, consolidation, arrangement, continuation, dissolution, discontinuance or good standing;

(m)

$15.00 upon the issue by the Registrar of a copy or extract, whether or not certified, of a document or a part of a document, other than a certificate of incorporation, merger, consolidation, arrangement, continuation, dissolution or good standing;

(n)

$10.00 for an inspection of the documents kept by the Registrar pursuant to this Act;

(o)

upon the restoration by the Registrar to the Register of a company incorporated under this Act, the name of which was struck off the Register,

(i)

$300.00 if the restoration is applied for within 6 months immediately following the striking of the name off the Register; or

(ii)

$600.00 if the restoration is applied for more than 6 months immediately following the striking of the name off the Register;

(p)

$25.00 for the reservation of a name as provided for in subsection (7) of section 11;

(q)

$10.00 for an inspection of each entry in the Register of International Business Companies;

(r)

$500.00 upon submission to the Registrar of documents referred to in subsection (1) of section 85;

(s)

$100.00 upon resubmission to the Registrar of the documents referred to in subsection (7) of section 85;

(t)

$350.00 upon the registration by the Registrar of a company incorporated under this Act that is prohibited by its memorandum from issuing bearer shares if

(i)

the authorized capital of the company does not exceed $50,000 and some of all of its shares have no par value, or

(ii)

the company has no authorised capital and all of its shares have no par value;

(u)

$25.00 upon the registration by the Registrar of a notice of increase or decrease of authorized capital of a company incorporated under this Act, but $700.00 in the case of a notice of increase of authorized capital from $50,000.00 or less to more than $50,000.00;

(v)

$50.00 upon initial registration by the Registrar of a copy of a share register, a register of directors or a register of mortgages;

(w)

$50.00 upon registration by the Registrar of a copy of a share register, a register of directors or a register of mortgages and charges showing changes from the copy of the particular register a copy of which was last registered by the Registrar;

(x)

$50.00 upon registration by the Registrar of a notice that a company has elected to cease to register a copy of a share register, a register of directors or a register of mortgages and charges showing changes from the copy of the particular register a copy of which was last registered with the Registrar;

(y)

$100.00 upon the registration by the Registrar of an affidavit attesting to a company incorporated under this Act continuing its incorporation under the laws of another jurisdiction; and

(z)

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105.

(1)

A company that is incorporated in the first 6 months of a year shall on or before 31st May in the following year and in each succeeding year pay to the Registrar a licence fee as follows:

(a)

$300.00 if on the license fee payment date

(i)

the authorised capital of the company does not exceed $50,000.00;

(ii)

all the shares of the company have a par value; and

(iii)

the company is prohibited by its memorandum from issuing bearer shares;

(b)

$1,000.00 if either or both of the following apply to the company on the license fee payment date

(i)

the authorised capital of the company exceeds $50,000.00;

(ii)

the company is not prohibited by its memorandum from issuing bearer shares.

(c)

$350.00 if, on the licence fee payment date, the company is prohibited by its memorandum from issuing bearer shares and -

(i)

its authorised capital does not exceed $50,000 and some or all of its shares have no par value; or

(ii)

it has no authorised capital and all its shares have no par value.

(2)

A company that is incorporated in the second 6 months of a year shall on or before 30th November in the following year and in each succeeding year pay to the Registrar a licence fee as follows:

(a)

$300.00 if on the license fee payment date

(i)

the authorised capital of the company does not exceed $50,000.00;

(ii)

all the shares of the company have a par value; and

(iii)

the company is prohibited by its memorandum from issuing bearer shares;

(b)

$1,000.00 if either or both of the following apply to the company on the license fee payment date

(i)

the authorised capital of the company exceeds $50,000.00;

(ii)

the company is not prohibited by its memorandum from issuing bearer shares.

(c)

$350.00 if, on the licence fee payment date, the company is prohibited by its memorandum from issuing bearer shares and -

(i)

its authorised capital does not exceed $50,000 and some or all of its shares have no par value; or

(ii)

it has no authorised capital and all its shares have no par value.

(3)

If a company fails to pay the amount due as the licence fee under subsection (1) or (2), as the case may be, by the time specified therein, then the licence fee increases by 10 per cent of that amount.

(4)

If a company fails to pay the amount due as an increased licence fee under subsection (3) at or before the expiration of a period of 2 months from the time specified in subsection (1) or (2), as the case may be, then the licence fee increases by 50 per cent of that amount.

(5)

This section does not apply to a company in the process of being wound up and dissolved.

106.

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107.

Any fee, licence fee or penalty payable under this Act that remains unpaid for 30 days immediately following the date on which demand for payment is made by the Registrar is recoverable at the instance of the Attorney General before a magistrate in civil proceedings as a debt due to the Crown notwithstanding the amount sought to be recovered.

108.

A company incorporated under this Act continues to be liable for all fees, licence fees and penalties payable under this Act notwithstanding that the name of the company has been struck off the Register and all those fees, licence fees and penalties have priority to all other claims against the assets of the company.

109.

All fees, licence fees and penalties paid under this Act shall be paid by the Registrar into the Consolidated Fund.

110.

(1)

The Registrar may refuse to take any action required of him under this Act for which a fee is prescribed until all fees have been paid.

(2)

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