Revised Laws of Saint Lucia (2023)

• 1. Short title

• 2. Interpretation

• 2A. Function of the Minister

• 2B. Delegation of functions

• 2C. Power to require the production of information

• 2D. Power to enter premises to obtain information

• 3. Business purposes

• 4. Application for Registration

• 5. Registration

• 5A. Companies registered from the 1 day of January, 2019

• 5B. Liability to pay income tax as a resident

• 6. Certificate of incorporation

• 7. Memorandum

• 8. Articles

• 9. Amendment of memorandum or articles

• 10. Name

• 11. Annual fee

• 12. Prohibitions

• 13. Penalty

• 14. Powers

• 15. Validity of acts of company

• 16. Personal liability

• 17. Consideration for shares

• 18. Kind of consideration for shares

• 19. Amount of consideration for shares

• 20. Fractional shares

• 21. Authorised capital in several currencies

• 22. Capital and surplus accounts

• 23. Dividend of shares

• 24. Increase or reduction of authorised capital

• 25. Division and combination

• 26. Nature of shares

• 27. Share certificates

• 28. Share register and register of beneficial owner

• 29. Rectification of share register

• 30. Transfer of registered shares

• 31. Transfer of registered shares of deceased, incompetent or bankrupt

• 32. Seizure

• 33. Acquisition of own shares

• 34. Treasury shares disabled

• 35. Increase or reduction of capital

• 36. Dividends

• 37. Appreciation of assets

• 38. Registered office

• 39. Registered agent

• 40. Resignation of registered agent

• 41. Change of registered office or registered agent

• 42. Management by directors

• 43. Election, term and removal of directors

• 44. Number of directors

• 45. Powers of directors

• 46. Emoluments of directors

• 47. Committees of directors

• 48. Meetings of directors

• 49. Notice of meetings of directors

• 50. Quorum for meetings of directors

• 51. Consents of directors

• 52. Alternates for directors

• 53. Officers and agents

• 54. Standard of care

• 55. Reliance on records and reports

• 56. Conflicts of interest

• 57. Indemnification

• 58. Insurance

• 59. Meetings of members

• 60. Notice of meetings of members

• 61. Quorum for meetings of members

• 62. Voting by members

• 63. Consents of members

• 64. Service of notice on members

• 65. Service of process

• 66. Books, records and common seal

• 67. Inspection of books and records

• 68. Contracts generally

• 69. Contracts before incorporation

• 70. Contracts for payments or transfer

• 71. Notes and bills of exchange

• 72. Power of attorney

• 73. Authentication or attestation

• 74. Company without members

• 75. Interpretation for purposes of Part 7

• 76. Merger or consolidation

• 77. Merger with subsidiary

• 78. Effect of merger or consolidation

• 79. Merger or consolidation with foreign company

• 80. Disposition of assets

• 81. Redemption of minority shares

• 82. Arrangements

• 83. Rights of dissenters

• 84. Continuation

• 85. Provisional registration

• 86. Certificate of continuation

• 87. Effect of continuation

• 88. Continuation under foreign law

• 89. Compulsory winding-up and dissolution

• 90. Voluntary winding-up, and dissolution

• 91. Powers of directors

• 92. Appointment and duties of liquidator

• 93. Powers of liquidator

• 94. Procedure

• 95. Rescission

• 96. Winding-up and dissolution for unpaid claims

• 97. Winding-up and dissolution by Court

• 98. Receivers and managers

• 99. Striking-off

• 100. Restoration to Register

• 101. Effect of striking-off

• 102. Appointment of official liquidator

• 103. Dissolution of company struck-off

• 104. Fees to be prescribed

• 105. Penalties

• 106. Recovery of fees

• 107. Liability of fees

• 108. No action pending payment

• 109. Exemption from income tax and other taxes

• 109A. Exemption from stamp duty

• 110. Exemption for dividends and distributions

• 111. Records

• 112. Exemption from exchange controls

• 113. Tax concessions

• 113A. Concessions for a head office company

• 114. Employment of Registrar

• 115. Form of certificate

• 116. Certificate of good standing

• 117. Inspection

• 118. Filed memorandum and articles

• 119. Optional registration of registers

• 120. Charging of assets and registration of the charge and mortgage

• 121. Jurisdiction

• 122. Declaration by Court

• 123. Judge in Chambers