INTERNATIONAL BUSINESS COMPANIES ACT, 1994
PART IV

REGISTERED OFFICE AND AGENT

38.(1)    A company incorporated under this Act shall at all times have a registered office in Seychelles.

(2)    The directors of the company may change the address of the registered office of the company, which change shall be notified to the Registrar.

39.(1)    A company incorporated under this Act shall at all times have a registered agent in Seychelles.

(2)    All applications  made  and all documents required  to be submitted to the Registrar under this Act by a company incorporated  under this Act shall be made through the registered agent  who shall verify in writing the signature of any person appearing on the application or document and the registered agent may accept service  on behalf of the company and any  service  accepted by the registered agent shall be deemed to have  been accepted by the company.

(3) A company shall, not later than 7 days after changing its registered agent in Seychelles, notify the Registrar of the name and address of its new registered agent and the change shall have effect on the date the Registrar receives the notice of change.

(4) The Licences Act shall apply to the licensing of registered agents as if there were subsituted for the words “the Authority” in sections 6,7 and 8 of that Act the words “the Regisrar of International Business Companies”

(5) The Registrar shall, in discharging and exercising the functions and powers under subsection (4) act as far as may be in accordance with the provisions of the Licenses Act.”

40. (1)    A company that  contravenes section 38 or  39 (1), (2)  or (3)  shall be liable to a penalty of $25 for each day or part thereof during which the contravention continues.

(2)    A director who knowingly permits the contravention of section 38 or 39 (1), (2)  or (3) shall be liable to a penalty of $25 for each day or part thereof during which the contravention continues.

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