FAQ Categories Companies Register

Is a company required to file change in shareholders with ROC?

Ordinary resident (local) companies are required to file changes to their shareholdings with ROC. All changes should be supported by relevant documentation such as:

Share transfer form signed by both transferor and transferee, whose signatures should be witnessed by a notary/JP.
Valid (unexpired) government-issued ID for all shareholders.

webster2023-02-27T19:40:55-05:00February 27th, 2023|

What documents are required to file a change in directors and officers?

For a local company not having a licensed service provider as its registered office the following should be provided on CBP:

Name of director/officer
Address
Position
Date of appointment
Valid Government issued ID (not expired)
Date of resignation (where applicable)
Resignation letter, where applicable (signed by resigning director/officer & witnessed by a JP or Notary Public)

webster2023-02-27T19:35:46-05:00February 27th, 2023|

When a change is made to directors & officers is the company required to file that with ROC?

Pursuant to Section 55 of the Companies Act.

The company shall send a copy of the register of directors & officers to the Registrar within sixty days of the first appointment of any director or officer of the company

Notify the Registrar of any change in such directors or officers including a change of the name of such directors or officers, within thirty days of any such change.

webster2023-02-27T19:34:53-05:00February 27th, 2023|

Are the by-laws for a strata registered with ROC?

If the strata is registered as a company the required registration documents would be lodged with ROC but the strata by-laws would be optional filings.

webster2023-02-27T19:33:33-05:00February 27th, 2023|

How can I determine the authenticity of a certificate?

All certificates issued by the Cayman Islands Companies Registry bear an

authentication code
website address
date of issue

at the bottom right corner of the certificate. Visit the stated website: www.verify.ky and follow the instructions to verify the certificate.

webster2023-02-27T09:13:31-05:00February 27th, 2023|

What is the procedure for applying for a certificate on CBP

The applicant must first have an account on CBP and the entity for which the certificate is required MUST be on that account.

webster2023-02-27T09:13:52-05:00February 24th, 2023|

May I use the name of a company after it has been removed from the register?

A name may be used ten (10) years after an entity has been dissolved.

webster2023-02-27T09:14:00-05:00February 24th, 2023|

Would there be any reason why a name is not available?

A name would not be available if

- It is identical or closely resembles a name already registered or any translated name on the register of companies, contains the words “Chamber of Commerce” unless the company registered under section 80 without the addition of the word “Limited” or the abbreviation “Ltd.” to its name;
- contains the words “building society”.

Other Restrictions may apply to see the list of restricted words or phrases.

Where restrictions apply approval may be sought from the Registrar of Companies or the Cayman Islands Monetary Authority as applicable.

webster2023-02-24T10:43:25-05:00February 24th, 2023|

How can a company’s name be changed?

Any company may, by special resolution, change its name and, in the case of an exempted company, may adopt a dual foreign name or change its dual foreign name, if any, and any dual foreign name shall precede or follow its name.

webster2023-02-27T09:14:07-05:00February 24th, 2023|

Are there any consequences for failing to change the name as directed by the Registrar?

A company which defaults in complying with a direction from the Registrar to change its name is liable to a fine of ten dollars for every day during which the default continues.

webster2023-02-27T09:14:15-05:00February 24th, 2023|