All sections · Part VI: Membership · Sub-Part III: Members Meetings and Resolutions
126 Location of minutes and resolutions of members
This section has been amended. The text above is the 2016 wording; the amending provisions follow.
(1) A company shall keep its minutes and resolutions at such place inside or
outside of Seychelles as the directors shall determine.
(2) Where a company does not keep its minutes and resolutions at its
registered office, it shall notify in writing its registered agent of the
physical address of the place at which its minutes and resolutions are
kept.
(3) Where there is a change in the place at which its minutes and resolutions
are kept, a company shall, within 14 days of the change, notify in writing
its registered agent of the physical address of the place at which its
minutes and resolutions are kept.
(4) A company that contravenes subsections (1), (2) or (3) shall be liable to
a penalty fee of US$25 for each day or part thereof during which the
contravention continues.
(5) A director who knowingly permits a contravention under subsections (1),
(2) or (3) shall be liable to a penalty fee ofUS$25 for each day or part
thereof during which the contravention continues.
outside of Seychelles as the directors shall determine.
(2) Where a company does not keep its minutes and resolutions at its
registered office, it shall notify in writing its registered agent of the
physical address of the place at which its minutes and resolutions are
kept.
(3) Where there is a change in the place at which its minutes and resolutions
are kept, a company shall, within 14 days of the change, notify in writing
its registered agent of the physical address of the place at which its
minutes and resolutions are kept.
(4) A company that contravenes subsections (1), (2) or (3) shall be liable to
a penalty fee of US$25 for each day or part thereof during which the
contravention continues.
(5) A director who knowingly permits a contravention under subsections (1),
(2) or (3) shall be liable to a penalty fee ofUS$25 for each day or part
thereof during which the contravention continues.
Amended since 2016
Act 32 of 2021 · 2021-08-02
19. Section 126 of the principal Act is amended —
(i) in subsection (4), by repealing the words “of US$25 for each
day or part thereof during which the contravention
continues”, and substituting therefor the words “not
exceeding US$5,000”;
(ii) in subsection (5), by repealing the words “of US$25 for each
day or part thereof during which the contravention
continues”, and substituting therefor the words “not
exceeding US$5,000”.
(i) in subsection (4), by repealing the words “of US$25 for each
day or part thereof during which the contravention
continues”, and substituting therefor the words “not
exceeding US$5,000”;
(ii) in subsection (5), by repealing the words “of US$25 for each
day or part thereof during which the contravention
continues”, and substituting therefor the words “not
exceeding US$5,000”.
