Representation of companies

—(1) Every company carrying on business in Belize shall be represented for the purposes of this Act by– (a) a principal officer residing in Belize; or (b) by an authorised agent residing in Belize; (2) Every company carrying on business in Belize shall notify the Director General of its representative under sub- section (1) within– (a) one month after it commences carrying on business in Belize; or (b) one month after the designated representative ceases to qualify as such.