Revised Laws of Saint Lucia (2021)

65.   Organisational meeting

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    (1)   After the issue of a certificate of incorporation of a company, a meeting of the directors of the company shall be held at which the directors may—

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      (a)     make bye-laws;

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      (b)     adopt forms of share certificates and corporate records;

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      (c)     authorise the issue of shares;

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      (d)     appoint officers;

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      (e)     appoint an auditor to hold office until the first annual meeting of shareholders;

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      (f)     make banking arrangements; and

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      (g)     transact any other business.

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    (2)   An incorporator or a director may call a meeting of directors referred to in subsection (1) by giving by post not less than 7 clear days' notice of the meeting to each director and stating in the notice the time and place of the meeting.

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    (3)   Subsection (1) does not apply to a company to which a certificate of amalgamation has been issued under section 225.