SOCIETIES WITH RESTRICTED LIABILITY ACT BARBADOS

ARTICLES OF ORGANISATION

Form 1

INSTRUCTIONS
Format:
Document required to be sent to the Registrar pursuant to the Act must conform with regulations 6 to 10 of the Regulations under the Act. Where any provision required to be set out is too long to be set out in the space provided in the form, the form may incorporate the provisions by annexing a schedule in the manner described in regulation 10 of the Regulations.

Item 1:
Set out proposed name that complies with sections 11 and 12 of the Act and with regulation 2 of the Regulations.

Item 2:
Set out the purpose, business or undertaking for which the Society is formed.

Item 3:
The Society must be formed for a fixed stated period which cannot exceed 50 years in accordance with paragraph (c) of subsection (1) of section 6 of the Act.

Items 4 and 5:
Set out the Society’s registered office and the name address of the society’s agent in Barbados.

Item 6:
Set out the details required by the section 17(2) of the Act. All quotas must be without nominal or par value and must comply with Part III of the Act.

Item 7:
Any restrictions placed on the right to transfer quotas of the society must be set out in a statement to this effect, along with the restrictions placed on the transferee in accordance with subsection (5) of section 14 of the Act.

Item 8:
If restrictions are to be placed on the business the society may carry on, they must be set out.

Item 9:
Any provision that is to form part of the Articles may be set out if the provision is permitted by the Act or regulations to be set out in the by-laws of the society or in a unanimous agreement of all quota holders.


Item 10:
Each signatory must state his name, residential address and affix his signature. If a signatory is a company or another society, the address shall be that of the company or society, the address shall be that of the company or society, and the articles shall be signed by a person authorised by the company or society.

Other Information:
Completed documents in duplicate and the prescribed fee are to be deposited at the office of the Registrar.