BVI definition
Examples of BVI in a sentence
The Company has in all respects complied with the requirements of the BVI ES Act and has completed such filings as are required by the BVI ES Act and the BVI BOSS Act in respect of each financial period since the BVI ES Act came into force and all such filings have been correctly made and duly filed and were correct when filed.
Any Escrow Earnout Shares (and Earnings thereon) that are determined to have been forfeited by Seller in accordance with this Section 1.3 or Section 7.5 will be automatically surrendered for no consideration in accordance with Section 59(1A) of the BVI Act and per the terms of the Surrender Letters (with any other securities or property included within the forfeited Escrow Earnout Shares being held in reserve by Buyer).
Evidence (in form and substance satisfactory to Buyer) that the Company has made all necessary filings up Closing under the BVI ES Act and BVI BOSS Act.
The Company has filed its annual financial return in accordance with the requirements under section 98A of the BVI Act.
The Company is not liable to pay any fines under the BVI Act and all returns, filings, publications, particulars, resolutions, notices and other documents (including the memorandum and articles of association) which the Company is required by applicable law to file with or deliver to the BVI Registrar or any authority in the BVI have been correctly made and duly and timely filed and delivered and were correct when filed and delivered.