The BVI Business Companies Act 2004 (BCA):
On 1/1/2007, all existing IBC companies will
be automatically re-registered under the BCA
if they have not done so voluntarily by 31 December
2006.
- authorised share capital concept abolished
- immobilisation of bearer shares
- concept of reserve director introduced
- extend the date of 1st director appointment
to 6 months
- disclosure of director's interests
- redomiciliation: proof of not disqualified
from continuing
