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Companies (Amendment) Act 1993

Commencement: 20 September 1993

REPUBLIC OF VANUATU

THE COMPANIES (AMENDMENT) ACT
NO. 27 OF 1993

Assent: 06/09/93
Commencement: 20/09/93

An Act to amend the Companies Act [CAP. 191].

BE IT ENACTED by the President and Parliament as follows: -

AMENDMENT OF SECTION 392 OF THE COMPANIES ACT [CAP. 191]

1. Section 392 of the Companies Act [CAP. 191] is amended by inserting the following new subsections after subsection (3) –
   

"(3A) The Minister may prescribe fees to be paid to the Registrar of Companies –

(a) upon application being made by a company for the approval by the Minister of a prospectus pursuant to section 51, whether or not approval is granted; and

(b) for the registration of a prospectus pursuant to section 55.

(3B) The fees referred to in subsection (3A) may be proportionate to the amount intended to be raised by the share issue, to the amount actually raised or to the minimum subscription and the fee for registration of the prospectus may be conditional in whole or in part upon the minimum subscription being received."

COMMENCEMENT

2. This Act shall come into force on the date of its publication in the Gazette.

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