A BVI Business Company (BC) has a separate legal personality from its members and over the course of its life the activities which it undertakes are recorded in documents that were created or entered into on its behalf. The documents and records that a BC must maintain are prescribed by law and this paper will present a general overview of the documents and records that a non-regulated BC, limited by shares is legally required to keep.
Generally, a BC is required to keep copies of its constitutional documents, registers, resolutions and financial records.
Constitutional Documents -
These are the memorandum and articles of association of the BC and are the documents that define the responsibilities of the directors, the kind of business to be undertaken, and the means by which the shareholders and directors control the BC.
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