(i) Maintain in force an election under section 203 (filing of the register of members) of the Companies Act 2006;
(ii) Register, under Section 138 (registration of charges) of the Companies Act 2006, any charges created over its property.
(iii) Maintain up to date copies of the minutes of meetings and resolutions respectively of its directors, members, committees of directors and classes of members, at its business premises in the Isle of Man or at the office of the its registered agent;
(iv) Notify the Authority as it becomes aware of any intention of its registered agent to resign as its registered agent;
(v) Have only natural persons as directors;
(vi) Without prejudice to any other applicable regulatory requirement, have at least two directors;
(vii) Advance approval from the Authority prior to any restructuring including any reductions in share capital;
(viii) Advance approval from the Authority prior to any merger, consolidation or amalgamation; and
(ix) Advance approval from the Authority prior to re-registering as a 1931 Act company.
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