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Vanuatu Consolidated Legislation - 1988 |
Commencement: 23 June 1970
LAWS OF THE REPUBLIC OF VANUATU
REVISED EDITION 1988
CHAPTER 62
REGISTRATION OF BUSINESS NAMES
QR 3 of 1970
QR 7 of 1974
QR 9 of 1978
Act 22 of 1984
Act 10 of 1988
ARRANGEMENT OF SECTIONS
SECTION
14. Deletion of names from register
15. Inspection of statements registered
16. Fees
17. Rules
18. Offences of corporations
19. Misleading business names
20. Penalty for use of name after refusal
SCHEDULE 1-Statement of particulars
SCHEDULE 2-Statement of changes in particulars
SCHEDULE 3-Notice of cessation of business
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REGISTRATION OF BUSINESS NAMES
To provide for the registration of business names by persons, firms, and corporations carrying on business in Vanuatu.
INTERPRETATION
"firm" means an unincorporate body of two or more individuals or of one or more individuals and one or more corporations or of two or more corporations who have entered into partnership with one another with a view to carrying on business for profit;
"individual" means a natural person and shall not include a corporation;
"initials" includes any recognised abbreviation of a first name;
"Minister" means the Minister responsible for commerce;
"business name" means the name or style under which any business is carried on whether in partnership or otherwise;
"the Registrar" means the person appointed to fulfil the functions of Registrar of Companies in Vanuatu.
FIRMS, PERSONS AND CORPORATIONS TO BE REGISTERED
2. Subject to the provisions of this Act -
(a) every firm having a place of business in Vanuatu and carrying on business under a business name which does not consist of the true surnames of all partners who are individuals and the corporate names of all partners who are corporations, without any addition other than the true first names of individual partners or initials of such first names;
(b) every individual having a place of business in Vanuatu and carrying on business under a business name which does not consist of his true surname, without any addition other than his true first names or the initials thereof;
(c) every individual or firm having a place of business in Vanuatu who, or a member of which, has changed his name (except in the case of a woman, in consequence of marriage);
(d) every corporation carrying on business under a business name which does not consist of its corporate name without any addition;
shall be registered in the manner provided by this Act:
Provided that -
(i) where the business is carried on by a trustee in bankruptcy or a receiver or manager appointed by any court, registration shall not be necessary; and
(ii) a purchase or acquisition of property by two or more persons as joint tenants or tenants in common is not of itself to be deemed carrying on a business, whether or not the owners share any profits arising from the sale thereof.
MANNER AND PARTICULARS OF REGISTRATION
(a) the business name;
(b) the general nature of the business;
(c) the principal place of business;
(d) where the registration to be effected is that of a firm, the present first name and surname, any former first name or surname, the nationality, and if that nationality is not the nationality of origin, the nationality of origin, the usual residence and the other business occupation (if any) of each of the individuals who are partners, and the corporate name and registered or principal office of every corporation which is a partner;
(e) where the registration to be effected is that of an individual, the present first name and surname, any former first name or surname, the nationality, and if that nationality is not the nationality of origin, the nationality of origin, the usual residence and the other business occupation (if any) of such individual;
(f) where the registration to be effected is that of a corporation, its corporate name, the place and date of its incorporation and its registered office and principal place of business in Vanuatu;
(g) the date of the commencement of the business.
(2) Where a business is carried on under 2 or more business names, each of those business names must be stated.
RESERVATION OF NAME
(2) The Registrar upon payment of a fee of VT1,000 shall reserve the proposed name for a period not exceeding 6 months.
STATEMENT TO BE SIGNED BY PERSONS, ETC., REGISTERING
Provided that no such statutory declaration stating that any person other than the declarant is a partner, or omitting to state that any person other than as aforesaid is a partner, shall be evidence for or against any such other person in respect of his liability or non-liability as a partner, and the Supreme Court may on application by any person alleged or claiming to be or not to be a partner, direct the rectification of the register and decide any question arising under this section.
TIME FOR REGISTRATION
(2) This section shall apply in any case where registration is required in consequence of a change of name, as if for references to the date of commencing to carry on the business there were substituted references to the date of such change.
REGISTRATION OF CHANGES IN FIRM, ETC.
PENALTY FOR DEFAULT IN REGISTRATION
PERSONS, ETC., IN DEFAULT BRINGING ACTION SHALL BE ORDERED BY THE COURT TO REGISTER
PROCEEDINGS AGAINST UNREGISTERED FIRMS, ETC.
Provided that nothing in this section shall be construed to exempt any firm, corporation or person from compliance with any of the provisions of this Act.
PENALTY FOR FALSE STATEMENTS
REGISTRAR TO FILE STATEMENT AND ISSUE CERTIFICATE OF REGISTRATION
(2) The Registrar may call upon the signatory or signatories of any statement or declaration made in pursuance of this Act to furnish any information or evidence supporting any particular thereof and he may, if in his opinion such particular is not sufficiently substantiated, refuse to register the statement.
REGISTRAR TO KEEP INDEX
DELETION OF NAMES FROM REGISTER
(2) On receiving a notice as provided by subsection (1), the Registrar shall delete the name of the firm, corporation or person from the register.
(3) Where the Registrar has reasonable cause to believe that any firm, corporation or person registered under this Act is not carrying on business, he may send to such firm, corporation or person, by registered post, a notice that unless an answer is received to such notice within 3 months from the date thereof, the name of the firm, corporation or person may be deleted from the register.
(4) If the Registrar either receives an answer from the firm, corporation or person to the effect that the business in question is no longer carried on or does not within 3 months after sending the notice receive an answer, he may delete the name of the firm, corporation or person from the register.
(5) Where a firm, corporation or person fails to pay the annual fee provided in section 16(l)(b) 3 months after the due date the Registrar may delete the name of the firm, corporation or person from the Register.
INSPECTION OF STATEMENTS REGISTERED
(2) Any person may require a certificate of the registration of any firm, corporation or person, or a copy of or extract from any registered statement to be certified by the Registrar.
(3) A certificate of registration or a copy of or extract from any statement registered under this Act, purporting to be signed and certified by the Registrar shall be admissible in legal proceedings as prima facie and sufficient proof of the fact and date of registration and of the other particulars therein contained.
FEES
16. (1) The following fees shall be payable to the Registrar -
(a) for the registration of a statement under the provisions of sections 3 and 7, a fee of VT5,000 and VT2,500 respectively;
(b) an annual fee of VT2,500 upon each anniversary of the registration of the business name;
(c) for inspecting the register of statements filed by the Registrar or the index thereto, the sum of VT200;
(d) for the issue of a certificate of registration, or a certified copy or extract from any registered statement, the sum of VT3,000.
(2) The fees provided by subsection (1) may be amended from time to time by rules made by the Minister.
(3) The annual fee provided in subsection (1)(b) shall be increased to -
(a) VT3,000 if payment is made more than 1 month after the due date; and
(b) VT4,000 if payment is made more than 2 months after the due date.
RULES
17. The Minister may make rules for the purposes of this Act prescribing -
(a) the duties to be performed by the Registrar for the performance of his functions under this Act; and
(b) generally the conduct and regulation of registration under this Act and any matters incidental thereto.
OFFENCES OF CORPORATIONS
MISLEADING BUSINESS NAMES
(2) Without prejudice to the generality of the foregoing subsection no business name shall be registered by a name which -
(a) is identical with the name by which a company is registered under the Companies Act, Cap. 191 or under which a company has at any time been incorporated in Vanuatu (whether or not that company has been dissolved) or so nearly resembles such name as to be in the opinion of the Registrar calculated or likely to deceive or mislead;
(b) suggests or is likely to suggest connection with the Government of any country or with the United Nations or with any public board or statutory corporation or any municipal or other local authority;
(c) contains the words "co-operative" or "building society";
(d) contains words of a language other than the English, Bislama or French language.
(3) The registration of a business name under the provisions of this Act shall not be construed as authorising the use of that name if apart from such registration the use thereof could be prohibited.
PENALTY FOR USE OF NAME AFTER REFUSAL
________________________
SCHEDULE 1
STATEMENT OF PARTICULARS
1. The business name or names for which registration is required
2. The general nature of the business carried on under such name or names
3. The principal place in Vanuatu where the business is carried on
7. The date of the commencement of the business
Signed at ...................... this ..................... day of .................. 19.......
................................................................
Note: If the business in respect of which registration is required is carried on by an individual, this statement must be signed by him or her, if by a corporation it must be signed by a director or the secretary thereof, and if by a firm it must be signed by each individual who is a partner and by a director or the secretary of each corporation which is a partner OR by any individual who is a partner or a director or the secretary of any corporation which is a partner. In either of the last 2 cases, a statutory declaration verifying the above particulars by the signatory must accompany this statement.
________________________________-
SCHEDULE 2
STATEMENT OF CHANGE IN PARTICULARS
2. Business name registered
3. Nature of change of particulars registered
4. Date on which such change occurred
Dated at ........................... this ......................... day of ................. 19 ......
................................................................
Note: If the business in respect of which registration of change of registered particulars is required is carried on by an individual, this statement must be signed by him or her, if by a corporation it must be signed by a director or the secretary thereof, and if by a firm it must be signed by each individual who is a partner and by a director or the secretary of each corporation which is a partner OR by any individual who is a partner or a director or the secretary of any corporation which is a partner. In either of the last 2 cases, a statutory declaration verifying the above particulars by the signatory must accompany this statement.
___________________________
SCHEDULE 3
NOTICE OF CESSATION OF BUSINESS
TAKE NOTICE that ...........................................................................................................
................................................................................................................................................
........................................................................................................................................
(the full names of the partners of the firm, of the corporation or the person)
carrying on business in Vanuatu under the business name.......................................
................................................................................................................................................
(the business name registered)
which was registered on
the ................................ day of ............................................................................ 19 ..........
(the date of registration)
has/have ceased to carry on that business, as from the ................................................... day of ................................. 19 .......... (the date of cessation of the business).
Note: This statement must be signed by all partners of the firm, the directors and the secretary of the corporation or the individual concerned, as the case may be. If the individual is deceased, it should be signed by his personal representative.
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