Republic of New Lemuria Business Corporation Ordinance 1991 Click here to form your Republic of New Lemuria Corporation now! Table of Contents Part I. General Provisions Section 1.) Short Title 2.) Interpretation 3.) Application of the Ordinance 4.) Form of Instruments; Filing/s 5.) Certificates or Certified Copies as Evidence 6.) Fees on Filing Articles of Incorporation; Other doc/s 7.) Annual Registration Fee 8.) Waiver of Notice 9.) Notice to Shareholders of Bearer Shares 10.) Construction Part II. Corporate Purposes and Powers 11.) Purposes 12.) General Powers 13.) Guarantee Authorized by Shareholders 14.) Defense of Ultra Vires 15.) Effect of Incorporation; Corporation as Proper Party to Action 16.) Liability of Directors, Officers and Shareholders Part III. Service of Process; Registered Agent 17.) Registered Agent for Service of Process 18.) Minister of Finance or His Appointee as Agent for Service of Process 19.) Records and Certificates of Minister of Finance 20.) Limitation on Effect of Part Part IV. Formation of Corporation; Corporate Names 21.) Incorporators 22.) Corporate Name 23.) Index of Names of Corporations 24.) Reservation of Name 25.) Contents of Articles of Incorporation 26.) Powers and Rights of Bondholders 27.) Execution and Filing of Articles of Incorporation 28.) Effect of Filing Articles of Incorporation 29.) Organization Meeting 30.) Bylaws Part V. Corporate Finance 31.) Classes and Series of Shares 32.) Restriction on Transfer of Shares 33.) Subscription for Shares 34.) Consideration for Shares 35.) Payment for Shares 36.) Compensation for Formation, Reorganization, & Financing 37.) Determination of Stated Capital 38.) Form and Content of Certificates 39.) Dividends in Cash, Stock or Other Property 40.) Share Dividends 41.) Purchase or Redemption by Corporation of its Own shares 42.) Reacquired Shares 43.) Reduction of Stated Capital by Action of the Board Part VI. Directors and Management 44.) Management of Business of Corporation 45.) Qualification of Directors 46.) Number of Directors 47.) Election and Term of Directors 48.) Classification of Directors 49.) Newly created Directorships and Vacancies 50.) Removal of Directors 51.) Quorum; action by the Board 52.) Meetings of the Board 53.) Executive and Other Committees 54.) Director Conflicts of Interest 55.) Loans to Directors 56.) Indemnification of Directors and Officers 57.) Standard of Care to be Observed by Directors and Officers 58.) Officers 59.) Removal Officers Part VII. Shareholders 60.) Meetings of Shareholders 61.) Notice of Meetings of Shareholders 62.) Waiver of Notice 63.) Action by Shareholders Without a Meeting 64.) Fixing Record Date 65.) Proxies 66.) Quorum of Shareholders 67.) Vote of Shareholders Required 68.) Greater Requirement as to Quorum and Vote of Shareholders 69.) List of Shareholders at Meetings 70.) Qualification of Voters 71.) Voting Trusts 72.) Agreement among Shareholders as to Voting 73.) Conduct of Shareholder's Meetings 74.) Preemptive Rights 75.) Shareholder's Derivative Actions Part VIII. Corporate Records and Reports 76.) Requirement for Keeping Books of Account, Minutes and Records of Shareholders 77.) Shareholders' Right to Inspect Books and Records 78.) Directors' Right of Inspection 79.) Enforcement of Right of Inspection 80.) Annual and Interim Reports Part IX. Amendments to Articles of Incorporation 81.) Right to Amend Articles of Incorporation 82.) Reduction of Stated Capital by Amendment 83.) Procedure for Amendment 84.) Class Voting on Amendments 85.) Articles of Amendment 86.) Effectiveness of Amendment 87.) Right of Dissenting Shareholders to Payment 88.) Restated Articles of Incorporation Part X. Merger or Consolidation 89.) Definitions 90.) Merger or Consolidation of Domestic Corporations 91.) Merger of Subsidiary Corporations 92.) Effect of Merger or Consolidation 93.) Merger or Consolidation of Domestic and Foreign Corporations 94.) Sale, Lease, Exchange or Other Disposition of Assets 95.) Right of Dissenting Shareholder to Receive Payment for Shares 96.) Procedure to Enforce Shareholder's Right to Receive Payment for Shares Part XI. Dissolution 97.) Manner of Effecting Dissolution 98.) Judicial Dissolution 99.) Dissolution on Failure to Pay Annual Registration Fee or Appoint or Maintain Registered Agent 100.) Winding up Affairs of Corporation After Dissolution 101.) Settlement of Claims Against Corporation Part XII. Transfer of Domicile to The Republic of New Lemuria 102.) Definitions 103.) When transfer of Domicile is Permitted 104.) Application to Transfer Domicile 105.) Contents of Application to Transfer Domicile 106.) Documentation to be submitted 107.) Who may execute application 108.) Transfer of Domicile to the Republic of New Lemuria 109.) Prior Obligations and Liabilities 110.) Applicable Law 111.) Departure 112.) Certificate of Departure 113.) Effective Date of Departure 114.) Jurisdiction of Courts After Departure Part XIII. Tax Exemption 115.) Exemption 116.) Dividends and Distributions Part XIV. Miscellaneous 117.) Savings Provision 118.) Penalty for Default Continue to Part I. General Provisions Section Return to Legislation Page
Business Corporation Ordinance 1991
Click here to form your Republic of New Lemuria Corporation now!
Table of Contents
1.) Short Title 2.) Interpretation 3.) Application of the Ordinance 4.) Form of Instruments; Filing/s 5.) Certificates or Certified Copies as Evidence 6.) Fees on Filing Articles of Incorporation; Other doc/s 7.) Annual Registration Fee 8.) Waiver of Notice 9.) Notice to Shareholders of Bearer Shares 10.) Construction
11.) Purposes 12.) General Powers 13.) Guarantee Authorized by Shareholders 14.) Defense of Ultra Vires 15.) Effect of Incorporation; Corporation as Proper Party to Action 16.) Liability of Directors, Officers and Shareholders
17.) Registered Agent for Service of Process 18.) Minister of Finance or His Appointee as Agent for Service of Process 19.) Records and Certificates of Minister of Finance 20.) Limitation on Effect of Part
21.) Incorporators 22.) Corporate Name 23.) Index of Names of Corporations 24.) Reservation of Name 25.) Contents of Articles of Incorporation 26.) Powers and Rights of Bondholders 27.) Execution and Filing of Articles of Incorporation 28.) Effect of Filing Articles of Incorporation 29.) Organization Meeting 30.) Bylaws
31.) Classes and Series of Shares 32.) Restriction on Transfer of Shares 33.) Subscription for Shares 34.) Consideration for Shares 35.) Payment for Shares 36.) Compensation for Formation, Reorganization, & Financing 37.) Determination of Stated Capital 38.) Form and Content of Certificates 39.) Dividends in Cash, Stock or Other Property 40.) Share Dividends 41.) Purchase or Redemption by Corporation of its Own shares 42.) Reacquired Shares 43.) Reduction of Stated Capital by Action of the Board
44.) Management of Business of Corporation 45.) Qualification of Directors 46.) Number of Directors 47.) Election and Term of Directors 48.) Classification of Directors 49.) Newly created Directorships and Vacancies 50.) Removal of Directors 51.) Quorum; action by the Board 52.) Meetings of the Board 53.) Executive and Other Committees 54.) Director Conflicts of Interest 55.) Loans to Directors 56.) Indemnification of Directors and Officers 57.) Standard of Care to be Observed by Directors and Officers 58.) Officers 59.) Removal Officers
60.) Meetings of Shareholders 61.) Notice of Meetings of Shareholders 62.) Waiver of Notice 63.) Action by Shareholders Without a Meeting 64.) Fixing Record Date 65.) Proxies 66.) Quorum of Shareholders 67.) Vote of Shareholders Required 68.) Greater Requirement as to Quorum and Vote of Shareholders 69.) List of Shareholders at Meetings 70.) Qualification of Voters 71.) Voting Trusts 72.) Agreement among Shareholders as to Voting 73.) Conduct of Shareholder's Meetings 74.) Preemptive Rights 75.) Shareholder's Derivative Actions
76.) Requirement for Keeping Books of Account, Minutes and Records of Shareholders 77.) Shareholders' Right to Inspect Books and Records 78.) Directors' Right of Inspection 79.) Enforcement of Right of Inspection 80.) Annual and Interim Reports
81.) Right to Amend Articles of Incorporation 82.) Reduction of Stated Capital by Amendment 83.) Procedure for Amendment 84.) Class Voting on Amendments 85.) Articles of Amendment 86.) Effectiveness of Amendment 87.) Right of Dissenting Shareholders to Payment 88.) Restated Articles of Incorporation
89.) Definitions 90.) Merger or Consolidation of Domestic Corporations 91.) Merger of Subsidiary Corporations 92.) Effect of Merger or Consolidation 93.) Merger or Consolidation of Domestic and Foreign Corporations 94.) Sale, Lease, Exchange or Other Disposition of Assets 95.) Right of Dissenting Shareholder to Receive Payment for Shares 96.) Procedure to Enforce Shareholder's Right to Receive Payment for Shares
97.) Manner of Effecting Dissolution 98.) Judicial Dissolution 99.) Dissolution on Failure to Pay Annual Registration Fee or Appoint or Maintain Registered Agent 100.) Winding up Affairs of Corporation After Dissolution 101.) Settlement of Claims Against Corporation
102.) Definitions 103.) When transfer of Domicile is Permitted 104.) Application to Transfer Domicile 105.) Contents of Application to Transfer Domicile 106.) Documentation to be submitted 107.) Who may execute application 108.) Transfer of Domicile to the Republic of New Lemuria 109.) Prior Obligations and Liabilities 110.) Applicable Law 111.) Departure 112.) Certificate of Departure 113.) Effective Date of Departure 114.) Jurisdiction of Courts After Departure
115.) Exemption 116.) Dividends and Distributions
117.) Savings Provision 118.) Penalty for Default
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