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The Vanuatu International Companies Act defines company law for companies incorporated in Vanuatu. You will find below the key extracts from the Vanuatu International Companies Act along with the full act.<\/p>\n
An international company shall have as part of and at the end of its name\u2013 \u201cCorporation\u201d, \u201cIncorporated\u201d, \u201cLimited”, \u201cSendirian Berhad\u201d, \u201cSoci\u00e9t\u00e9 \u00e0 Responsabilit\u00e9,\u201cBesloten Vennootschap\u201d, \u201cGesellschaft mit beschrankter Haftung\u201d or there abbreviations<\/p>\n
No company shall have a name that:<\/p>\n
If the name of a company is to contain other than romanised characters or Arabic numerals, a certified translation of the name in either the English or French languages shall be provided to the Commission<\/p>\n
A company shall at all times have a registered office and Agent in Vanuatu.<\/p>\n
Upon incorporation the address of the registered office and the agents name set out in the constitution shall be the first registered office and agent of the company.<\/p>\n
Being a registered agent shall not by itself make the registered agent an officer of the company.<\/p>\n
The constitution of every company shall state:<\/p>\n
Subject to any limitations in its constitution, the business and affairs of a company shall be managed by of a board of directors that consists of one or more persons who may be natural persons or bodies corporate.<\/p>\n
The directors shall have all the powers of the company that are not reserved to its members in its constitution or under this Act.<\/p>\n
Except as otherwise provided in the constitution, all shares vote as one class and each whole share has one vote.<\/p>\n
The directors of a company may, in the notice of a meeting, fix any date being on or before the meeting as the record date for determining those shares that are entitled to vote at the meeting and unless so fixed it shall be 7 days prior to the meeting.<\/p>\n
If the name of a company has been struck off the Register under section 106 the Commission, or a creditor, member or liquidator thereof, may at any time apply within 20 years of the date of striking-off to the court to have the name of the company restored to the Commission.<\/p>\n
the company, or a creditor, member or liquidator thereof, may within 3 years immediately following the date of the striking-off, apply to the Commission to have the name of the company restored to the Register, and upon payment to the Commission of:<\/p>\n