← belizelaw.ai · International Foundations, Cap. 24:02 · PART V — Foundation Charter

Striking off

Cap. 24:02, s. 29 · Revised Edition 2020

(1) If a foundation fails– (a) to pay the prescribed annual fees within the time specified by this Act; (b) to maintain a registered agent pursuant to section 33; or (c) to file with the Registrar any return, notice or document required to be filed under this Act or regulations made under this Act, the Registrar may strike it off the Register. (2) Where the Registrar intends to strike a foundation off the Register, the Registrar shall give the foundation notice of his intention and a reasonable opportunity to show cause why the foundation should not be struck off the Register. (3) After the expiration of time mentioned in the notice, being not less than 90 days, the Registrar may, unless the foundation shows cause to the contrary, strike the foundation off (4) Without prejudice to sections 25, 26, 27 and 28, a foundation is dissolved when it is struck off the Register under sub-section (3), and the Registrar shall publish a notice of its striking off and dissolution in the Gazette, but the striking off and dissolution of the foundation shall take effect from the date of publication of the notice in the Gazette. (5) Where a foundation is struck off the Register under this section, the provisions of sections 28(2) and 28(3), shall apply as if the Court had ordered the dissolution of the foundation.
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