Revised Laws of Saint Lucia (2022)

• 1.   Short title

• 2.   Interpretation

• 3.   Business purposes

• 4.   Application for Registration

• 5.   Registration

• 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

• 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

• 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

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

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

• 28.   Share register and register of beneficial owner

• 109A.   Exemption from stamp duty

• 2D.   Power to enter premises to obtain information