Revised Laws of Saint Lucia (2021)

535.   Regulations

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    (1)   The Minister may make such regulations as are required for the better administration of this Act, and, in particular, the Minister may make regulations—

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      (a)     prescribing any matter required or authorised by this Act to be prescribed;

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      (b)     requiring the payment of a fee in respect of the filing, examination or copying of any documents or in respect of any action that the Registrar is required or authorised to take under this Act, and prescribing the amount thereof;

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      (c)     prescribing the format and contents of returns, notices or other documents required to be sent to the Registrar or to be issued by him or her;

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      (d)     prescribing the rules with respect to exemptions permitted by this Act;

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      (e)     respecting the names of companies or classes thereof;

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      (f)     respecting the authorised capital of companies;

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      (g)     respecting the preferences, rights, conditions, restrictions, limitations or prohibitions attaching to shares or classes or series of shares of companies;

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      (h)     respecting the designation of classes of shares; and

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      (i)     respecting any other matter required for the efficient administration of this Act.

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    (2)   Regulations made under this section are subject to negative resolution.

Division D: Offences and Penalties