Companies Act 1981 (Fifth Schedule) Amendment Order 2000

Link to law: http://www.bermudalaws.bm/Laws/Annual%20Laws/2000/Statutory%20Instruments/Companies%20Act%201981%20%28Fifth%20Schedule%29%20Amendment%20Order%202000.pdf

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now
Companies Act 1981 (Fifth Schedule) Amendment Order 2000
COMPANIES ACT 1981 (FIFTH SCHEDULE) AMENDMENT
ORDER 2000

1

BR 28/2000

COMPANIES ACT 1981

1981 : 59

THE COMPANIES ACT 1981 (FIFTH SCHEDULE) AMENDMENT
ORDER 2000

ARRANGEMENT OF REGULATIONS

1 Citation and
commencement

2 Amends Part I of the Fifth
Schedule to the
Companies Act 1981

3 Amends Part II of the Fifth
Schedule to the
Companies Act 1981

The Minister in exercise of the power conferred upon him by
sections 121(7) and 131(7) of the Companies Act 1981, makes the
following Order:

Citation and commencement
1 This Order which amends the Fifth Schedule to the Companies
Act 1981 may be cited as the Companies Act 1981 (Fifth Schedule)
Amendment Order 2000 and shall come into operation on 1 April 2000.

Amends Part I of the Fifth Schedule to the Companies Act 1981
2 Part I of the Fifth Schedule to the Companies Act 1981 is
amended —

COMPANIES ACT 1981 (FIFTH SCHEDULE) AMENDMENT
ORDER 2000

2

(a) in paragraph 1, by deleting the words "two thousand
four hundred and seventy" and substituting the words
"two thousand five hundred and ninety-five";

(b) in paragraph 2, by deleting the figures under the
heading "Tax payable", appearing opposite each of the
items numbered (i) to (vii) and substituting therefor
respectively the following figures—

"$ 580
$ 865
$ 1,445
$ 2,880
$ 5,760
$10,975
$16,460"; and

(c) in the sentence beginning with "In the case of a local
company" and ending with "$15,675" by deleting the
figure "$15,675" and substituting the figure "$16,460".

Amends Part II of the Fifth Schedule to the Companies Act 1981
3 Part II of the Fifth Schedule to the Companies Act 1981 is
amended—

(a) in paragraph 1 A EXEMPTED COMPANIES—

(i) by deleting all the figures in sub-paragraph (a)
under the heading "Fee" appearing opposite the
items numbered (i) to (vii) and substituting
therefor respectively the following figures—

"$ 1,780
$ 3,635
$ 5,610
$ 7,475
$ 9,345
$16,695
$27,825"; and

(ii) by deleting all the figures under the heading
"Fee" appearing opposite the items in sub-
paragraphs (b), (bb)(i), (ii) and (iii) and (c)(i), (ii),
(iii), (iv) and (v) and substituting therefor
respectively the following figures—

"$ 2,595
$ 525
$ 1,050

COMPANIES ACT 1981 (FIFTH SCHEDULE) AMENDMENT
ORDER 2000

3

$ 1,765
$ 1,780
$ 1,780
$ 1,780
$ 3,685
$17,285"; and

(b) in paragraph 1 B PERMIT COMPANIES, by deleting
all the figures under the heading "Fee" appearing
opposite the items in sub-paragraphs (a), (b), (c) and (d)
and substituting therefor respectively the following
figures—

"$17,285
$ 3,685
$ 2,595
$ 1,780".

Made this day of 2000

Minister of Finance