Continuation

(1) A company incorporated under the Companies Act or incorporated under the laws of a jurisdiction outside Belize may, if it will satisfy the requirements prescribed for an International Business Company under section 5, continue as a company incorporated under this Act as followsCAP. 250. (a) articles of continuation, written in the English language or if written in a language other than the English language, accompanied by a certified translation into the English language, must be approved96 (i) by a majority of the directors or the other persons who are charged with exercising the powers of the company; or (ii) in such other manner as may be established by the for exercising the powers of the company; (b) the articles of continuation must contain– (i) the name of the company and the name under which it is being continued; (ii) the jurisdiction under which it is incorporated; (iii) the date on which it was incorporated; (iv) the information required to be included in a Memorandum under section 12(1); and (v) the amendments to its Memorandum and Articles, or their equivalent, that are to be effective upon the registration of the articles of continuation; (c) the articles of continuation, accompanied by a copy of the Memorandum and Articles of the company, or their equivalent, written in the English language or, if written in a language other than the English language, accompanied by a certified translation into the English language and in the case of a foreign company, evidence satisfactory to the Registrar that the company is in good standing, must be submitted to the Registrar who must retain and register them in the Register; and International Business Companies[CAP. 270 97 (d) upon the registration of the articles of continuation, the Registrar shall issue a certificate of continuation under his hand and seal certifying that the is incorporated under this Act. (2) A company incorporated under the laws of a jurisdiction outside Belize is entitled to continue as a company incorporated under this Act notwithstanding any provision to the contrary in the laws of the jurisdiction under which it is incorporated. CAP. 250. (3) Notwithstanding any provisions of the Companies Act, a company incorporated under that Act may, by resolution of the directors, continue the incorporation of the company under this Act. CAP. 250. (4) Where a company incorporated under the Companies Act has continued its incorporation under this Act, the Registrar General shall within 30 days of such continuation strike the name of the company off the Register maintained under that Act and publish notice of the striking-off in the Gazette.