Organization : Cayman Business Portal (CBP)
Facility : File Shareholder Information
Country : Cayman Islands
Website : https://www.cbp.ky/manage-your-company/file-shareholder-information/
How To File Shareholder Information in Cayman Islands?
You are required to notify the Registrar of Companies, and keep on file at your Registered Office, an up-to-date record of shareholders and their respective shareholding.
Related / Similar Facility : Cayman Business Portal (CBP) Filing Beneficial Ownership Information
Company information can be maintained online using CBP. Sign in now to update your company’s details. – Don’t have an account yet? Get started here.
Register Here : http://www.cbp.ky/get-started/
Shares & Shareholders:
You need to notify General Registry when you change shareholding, change a shareholder’s personal information, or increase or decrease their share allocation. These changes should also be recorded on your own share register.
Directors & Officers:
The name, address, and appointment status of all company directors and officers must be kept up to date at your Registered Office and with the Registrar of Companies. The Cayman Islands General Registry must be updated within 20 business days of a change to these details occurring.
How To Register a Non-Profit Organisation in Cayman Islands?
In accordance to the Non-Profit Organisations Law 2017 (NPO Law), organisations that meet the legal definition of a non-profit organisation need to register with the Registrar of Companies. NPOs face a $500 penalty for noncompliance, plus $10 for every day beyond Aug. 1, 2018, that they fail to apply for registration up to a maximum fine of $3,000.
How To Close Company in Cayman Islands?
According to the Companies Law there are two options for voluntarily closing a company and removing it from the Register of Companies:
A Voluntary Winding Up:
** This is the most secure method of terminating a solvent company because it protects the company from post liquidation claims from members.
** As determined by the articles of incorporation of the company, a company should begin the voluntary winding up process by passing a resolution and then appointing a liquidator. (Any person, director or officer of the company may act as liquidator.)
** The Registrar will deem the company to be dissolved three months after they receive notice that the final meeting has been held.
A Strike Off:
Striking Off – Upon Request:
This is the quickest method of closing an Ordinary Resident Company. It is typically used for companies that never began conducting business in the first place or has no assets and no liabilities. The Company can request that the Registrar of Companies strike the company from the register by way of a resolution of the company requesting same.
Striking Off—Non-Compliance:
A company which has not filed its Annual Return and paid its annual fees will be struck from the register for non-compliance. Any assets held by the company when it is struck from the Register are automatically vested with the Minister of Finance.