Companies

Cap. 250 · Revised Edition 2020 · 259 sections

s. 1Short title
s. 2Interpretation
s. 3Prohibition of partnerships exceeding certain number
s. 4Mode of forming incorporated company
s. 5Requirements with respect to memorandum
s. 6Stamp and signature of memorandum
s. 7Restriction on alteration of memorandum
s. 8Mode in which an extent to which objects of company may be altered
s. 9Name of company and change of name
s. 10Regulations required in case of unlimited company or company limited by guarantee
s. 11Application of Table A
s. 12Form, stamp and signature of articles
s. 13Alteration of articles by special resolution
s. 14Effect of memorandum and articles
s. 15Registration of memorandum and articles
s. 16Effect of registration
s. 17Conclusiveness of certificate of incorporation
s. 18Copies of memorandum and articles to be given to members
s. 19Restriction on charitable and other companies holding land
s. 20Power to dispense with “Limited” in name of charitable and other companies
s. 21Provisions as to companies limited by guarantee
s. 22Power of the Attorney General to vary fees
s. 23Nature of shares and the numbering thereof
s. 24Certificate of shares or stock
s. 25Definition of member
s. 26Register of members
s. 27Annual list of members and summary
s. 28Trusts not to be entered on register
s. 29Registration of transfer at request of transferor
s. 30Transfer by personal representative
s. 31Inspection of register of members
s. 32Power to close register
s. 33Power of court to rectify register
s. 34Register to be evidence
s. 35Registrar may license companies to keep branch registers
s. 36Notice to company keeping a branch register without a licence, and proceedings consequent thereon
s. 37Stamp duties in case of shares registered in registers
s. 38Prohibition on the issue of bearer shares or share warrants
s. 39Offence of personation, etc
s. 40Power of company to arrange for different amounts being paid on shares
s. 41Power to return accumulated profits in reduction of paid-up share capital
s. 42Power of company limited by shares to alter its share capital
s. 43Notice to Registrar of consolidation of share capital, conversion of shares into stock, etc
s. 44Effects of conversion of shares into stock
s. 45Notice of increase of share capital or of members
s. 46Reorganisation of share capital
s. 47Power to issue redeemable preference shares
s. 48Special resolution for reduction of share capital
s. 49Application to court for confirming order
s. 50Addition to name of company of “and reduced”
s. 51Objections by creditors, and settlement of list of objecting creditors
s. 52Order confirming reduction
s. 53Registration of order and minute of reduction
s. 54Minute to form part of memorandum
s. 55Liability of members in respect of reduced shares
s. 56Penalty on concealment of name of creditor
s. 57Publication of reasons for reduction
s. 58Increase and reduction of share capital in case of a company limited by guarantee having a share capital
s. 59Registration of unlimited company as limited
s. 60Power of unlimited company to provide for reserve share capital on re-registration
s. 61Reserve liability of limited company
s. 62Limited company may have directors with unlimited liability
s. 63Special resolution of limited company making liability of directors unlimited
s. 64Registered office of company
s. 65Publication of name by a limited company
s. 66Annual general meeting
s. 67First statutory meeting of company
s. 68Convening of extraordinary general meeting on requisition
s. 69Provisions as to meetings and votes
s. 70Representation of companies at meetings of other companies of which they are members
s. 71Extraordinary and special resolution
s. 72Registration and copies of special resolutions
s. 73Minutes of proceedings of meetings of company and of directors and managers
s. 74Restrictions on appointment or advertisement of director
s. 75Qualification of director
s. 76Validity of acts of directors
s. 77List of directors to be sent to Registrar
s. 78Form of contracts
s. 79Bills of exchange and promissory notes
s. 80Execution of deeds abroad
s. 81Power for company to have official seal for use abroad
s. 82Dating of prospectus
s. 83Specific requirements as to particulars of prospectus
s. 84Obligations of companies where no prospectus is issued
s. 85Restriction on alteration of terms mentioned in prospectus or statement in lieu of prospectus
s. 86Liability for statements in prospectus
s. 87Restriction as to allotment
s. 88Effect of irregular allotment
s. 89Restrictions on commencement of business
s. 90Return as to allotments
s. 91Power to pay certain commissions, and prohibition of payment of all other commissions, discounts, etc
s. 92Statement in balance sheet as to commissions and discounts
s. 93Power of company to pay interest out of capital in certain cases
s. 94Limitation of time for issue of certificates
s. 95Registration of mortgages and charges
s. 96Registration of enforcement of security
s. 97Filing of accounts of receivers and managers
s. 98Rectification of register of mortgages
s. 99Entries of satisfaction and release of property from charge
s. 100Index to register of mortgages and charges
s. 101Penalties
s. 102Company’s register of mortgages
s. 103Right to inspect copies of instruments creating mortgages and charges and company’s register of mortgages
s. 104Right of debenture holders to inspect the register of debenture holders and to have copies of trust deed
s. 105Perpetual debentures
s. 106Power to re-issue redeemed debentures in certain cases
s. 107Specific performance of contract to subscribe for debentures
s. 108Payments of certain debts out of assets subject to floating charge in priority to claims under the charge
s. 109Certain companies to publish statement in Schedule
s. 110Investigation of affairs of company
s. 111Power of company to appoint inspectors
s. 112Report of inspectors to be evidence
s. 113Appointment and remuneration of auditors
s. 114Powers and duties of auditors
s. 115Rights of preference shareholders, etc., as to receipt and inspection of reports, etc
s. 116Prohibition on carrying on business with fewer than seven members in the case of a public company
s. 117Service of documents on company
s. 118Authentication of documents
s. 119Application and alteration of tables and forms
s. 120Arbitration between companies and others
s. 121Power to compromise with creditors and members
s. 122Meaning of “private company”
s. 123Modes of winding-up
s. 124Liability as contributories of present and past members
s. 125Definition of “contributory”
s. 126Nature of liability of contributory
s. 127Contributories in case of death of member
s. 128Contributories in case of bankruptcy of member
s. 129Provision as to married women
s. 130Circumstances in which company may be wound-up by court
s. 131Company when deemed unable to pay its debts
s. 132Jurisdiction to wind-up companies in Belize
s. 133Provisions as to applications for winding-up
s. 134Effect of winding-up order
s. 135Commencement of winding-up by court
s. 136Power to stay or restrain proceedings against company
s. 137Power of court on hearing petition
s. 138Actions stayed on winding-up order
s. 139Copy of order to be forwarded to Registrar
s. 140Power of court to stay winding-up
s. 141Court may have regard to wishes of creditors or contributories
s. 142Definition of “Official Receiver.”
s. 143Statement of company’s affairs to be submitted to Official Receiver
s. 144Report by Official Receiver
s. 145Appointment, remuneration and title of liquidators
s. 146Custody of company’s property
s. 147Powers of liquidator
s. 148Meetings of creditors and contributories to determine whether committee of inspection shall be appointed
s. 149Liquidator to give information to Official Receiver
s. 150Payments of liquidator into bank
s. 151Audit of liquidator’s accounts in winding-up
s. 152Books to be kept by liquidator in winding-up
s. 153Release of liquidators
s. 154Exercise and control of liquidator’s powers
s. 155Control over liquidators
s. 156Committee of inspection in winding-up
s. 157Power to appoint special manager
s. 158Power to appoint Official Receiver as receiver for debenture holders or creditors
s. 159Settlement of list of contributories and application of assets
s. 160Power to require delivery of property
s. 161Power to order payment of debts by contributory
s. 162Power of court to make calls
s. 163Power to order payment into bank
s. 164Order on contributory conclusive evidence
s. 165Power to exclude creditors not proving in time
s. 166Adjustment of rights of contributories
s. 167Power to order costs
s. 168Dissolution of company
s. 169Delegation to liquidator of certain powers of court
s. 170Power to summon persons suspected of having property of company
s. 171Power to order public examination of promoters, directors, etc
s. 172Power to arrest absconding contributory
s. 173Powers of court cumulative
s. 174Power to enforce orders
s. 175Circumstances in which company may be wound-up voluntarily
s. 176Commencement of voluntary winding-up
s. 177Effect of voluntary winding-up on status of company
s. 178Notice of resolution to wind-up voluntarily
s. 179Consequences of voluntary winding-up
s. 180Notice by liquidator of his appointment
s. 181Rights of creditors in a voluntary winding-up
s. 182Power to fill vacancy in office of liquidator
s. 183Delegation of authority to appoint liquidators
s. 184Arrangement; when binding on creditors
s. 185Power of liquidator to accept shares, etc., as consideration for sale of property of company
s. 186Power to apply to court
s. 187Power of liquidator to call general meeting
s. 188Final meeting and dissolution
s. 189Costs of voluntary liquidation
s. 190Saving for rights of creditors and contributories
s. 191Power of court to adopt proceedings of voluntary winding-up
s. 192Power to order winding-up subject to supervision
s. 193Effect of petition for winding-up subject to supervision
s. 194Court may have regard to wishes of creditors and contributories
s. 195Power of court to appoint liquidator
s. 196Power to remove liquidator
s. 197Effect of supervision order
s. 198Avoidance of transfers, etc., after commencement of winding- up
s. 199Debts of all descriptions to be proved
s. 200Application of bankruptcy rules in winding-up of insolvent companies
s. 201Preferential payments
s. 202Fraudulent preference
s. 203Avoidance of certain attachments, executions, etc
s. 204Effect of floating charge
s. 205General scheme of liquidation may be sanctioned
s. 206Power of court to assess damages against delinquent directors, etc
s. 207Penalty for falsification of books
s. 208Prosecution of delinquent directors, etc
s. 209Penalty on perjury
s. 210Meetings to ascertain wishes of creditors or contributories
s. 211Books of company to be evidence
s. 212—
s. 213Disposal of books and papers of company
s. 214Power of court to declare dissolution of company void
s. 215Information as to pending liquidations
s. 216Affidavits, etc
s. 217“Companies Liquidation Account” defined
s. 218Rules and fees for winding-up
s. 219Powers to make rules of procedure
s. 220Registrar may strike defunct company off register
s. 221Registration office
s. 222Fees
s. 223Application of Act to companies formed under former Companies Acts
s. 224Application of Act to companies registered under former laws
s. 225Application of Act to companies registered under former Acts
s. 226Companies capable of being registered
s. 227Definition of “joint stock company”
s. 228Liability of bank of issue unlimited in respect of notes
s. 229Requirements for registration by joint stock companies
s. 230Requirements for registration by other than joint stock companies
s. 231Authentication of statements of existing companies
s. 232Registrar may require evidence as to nature of company
s. 233Exemption of certain companies from payment of fees
s. 234Addition of “Limited” to name
s. 235Certificate of registration of existing companies
s. 236Vesting of property on registration
s. 237Saving for existing liabilities
s. 238Continuation of existing actions
s. 239Effect of registration
s. 240Power to substitute memorandum and articles for deed of settlement
s. 241Power of court to stay or restrain proceedings
s. 242Actions stayed on winding-up order
s. 243Meaning of “unregistered company”
s. 244Winding-up of unregistered companies
s. 245Contributories in winding-up of unregistered company
s. 246Power of court to stay or restrain proceedings
s. 247Actions stayed on winding-up order
s. 248Directions as to property in certain cases
s. 249Provisions of this Part cumulative
s. 250Overseas company
s. 251Documents, etc., to be delivered to Registrar by overseas companies carrying on business in Belize
s. 252Prosecution of offences
s. 253Applications of fines
s. 254Costs in actions by certain limited companies
s. 255Power of court to grant relief in certain cases
s. 256Penalty for false statement
s. 257Penalty for improper use of word “Limited”
s. 258Companies (Winding-up) Rules applied to Belize
s. 259—