Application for consent to be registered

(1) The promoters of a public fund which is proposed to be formed may apply to the Minister for his consent to register such proposed public fund upon being lawfully constituted under the laws of Belize or of any other country or jurisdiction and upon complying with the requirements of this Act. (2) An application under subsection (1) of this section shall be, (a) in the form of a letter setting out the particulars of the proposed public fund; and (b) accompanied by a copy of the instrument by which the public fund will be constituted and the application fee set out in Part II of the Second Schedule or such other amount as may be prescribed by regulations. (3) The consent of the Minister shall be, (a) in such form as the Minister may direct; and (b) valid for a period of three months from the date it is granted subject to there being no change, which the Minister considers material, in any of the particulars contained in the application for consent. (4) The promoters of a proposed public fund may, upon the expiry of the three month period referred to in subsection (3) (b) of this section, apply for the renewal of the Minister’s consent subject to, (a) supplying such documents or information as the Minister may require; and (b) the payment of a renewal fee which shall be the same amount as the application fee under Part II of the Second Schedule. 19