Companies (Minimum Share Capital) Order 2000
COMPANIES (MINIMUM SHARE CAPITAL) ORDER 2000
1
BR 72/2000
COMPANIES ACT 1981
1981 : 59
THE COMPANIES (MINIMUM SHARE CAPITAL) ORDER 2000
ARRANGEMENT OF PARAGRAPHS
1 Citation
2 Minimum share capital
3 Revocation of BR 30/1983
4 Commencement
The Minister of Finance, in exercise of the powers conferred on
him by section 6(3) of the Companies Act 1981, makes the following
Order:
Citation
1 This Order may be cited as the Companies (Minimum Share
Capital) Order 2000.
Minimum share capital
2 No company shall be registered under the Companies Act 1981 if
its minimum share capital—
(a) in the case of an insurance company, is less than the
amount required under section 7 of the Insurance Act
1978;
(b) in the case of a mutual fund company, is less than $1;
(c) in the case of any other company is less than $12,000.
2
Revocation of BR 30/1983
3 The Companies (Minimum Share Capital) Order 1983 (BR
30/1983) is revoked.
Commencement
4 This Order comes into force on 1st October 2000.
.
Made this 1st day of October, 2000
Minister of Finance
