Act 10 2020 - INTERNATIONAL BUSINESS COMPANIES (AMENDMENT) ACT

[9th April 2020] Supplement to Official Gazette 73 INTERNATIONAL BUSINESS COMPANIES (AMENDMENT) ACT, 2020 (Act 8 of 2020) I assent Danny Faure President 6th April, 2020 AN ACT to amend the International Business Companies Act, 2016. ENACTED by the President and the National Assembly. 1. This Act may be cited as the International Business Short title and Companies (Amendment) Act, 2020 and shall come into commencement operation on such date as the Minister of Finance may appoint by Notice published in the Gazette. 74 Supplement to Official Gazette [9th April 2020] 2. The International Business Companies Act, 2016 is Amendment of Act 15 of 2016 hereby amended as follows — (a) in section 173 (1) — (i) in paragraph (f), insert the word “and”, after the word “directors;”; (ii) repeal paragraph (g); (b) in section 272 (1) (b) — (i) in subparagraph (iv), by repealing the words “, register of beneficial owners”; (ii) after subparagraph (iv), insert the following subparagraph — “(iva) register of beneficial owners to be maintained under the Beneficial Ownership Act, 2020;”; (c) in section 349 (1) (c), by inserting the words “maintained under the Beneficial Ownership Act, 2020” after the words “beneficial owners”; (d) by repealing PART XX; and (e) by repealing subparagraph (b) of section 390. I certify that this is a correct copy of the Bill which was passed by the National Assembly on 25th March, 2020. Mrs. Tania Isaac Deputy Clerk to the National Assembly