BVIPTEBC 2013/01/45(PVNOC)
BVI COMPANY NUMBER:
TERRITORY OF THE BRITISH VIRGIN ISLANDS
THE BVI BUSINESS COMPANIES ACT, 2004
MEMORANDUM AND ARTICLES
OF ASSOCIATION
OF
SAMPLE M&A
A COMPANY LIMITED BY SHARES
Incorporated on the day of , 2013
INCORPORATED IN THE BRITISH VIRGIN ISLANDS
BVIPTEBC 2013/01/45(PVNOC) - 1 -
TERRITORY OF THE BRITISH VIRGIN ISLANDS
THE BVI BUSINESS COMPANIES ACT, 2004
MEMORANDUM OF ASSOCIATION
OF
SAMPLE M&A
A COMPANY LIMITED BY SHARES
1. DEFINITIONS AND INTERPRETATION
1.1. In this Memorandum of Association and the Articles of Association of the Company, if not inconsistent
with the subject or context:
“Act” means the BVI Business Companies Act, 2004 (No. 16 of 2004) and includes the regulations made
under the Act;
“Articles” means the Articles of Association of the Company;
“Chairman of the Board” has the meaning specified in Regulation 12;
“Distribution” in relation to a distribution by the Company to a Shareholder means the direct or indirect
transfer of an asset, other than Shares, to or for the benefit of the Shareholder, or the incurring of a debt to
or for the benefit of a Shareholder, in relation to Shares held by a Shareholder, and whether by means of
the purchase of an asset, the purchase, redemption or other acquisition of Shares, a transfer of
indebtedness or otherwise, and includes a dividend;
“Memorandum” means this Memorandum of Association of the Company;
“Person” includes individuals, corporations, trusts, the estates of deceased individuals, partnerships and
unincorporated associations of persons;
“Registrar” means the Registrar of Corporate Affairs appointed under section 229 of the Act;
“Resolution of Directors” means either:
(a) a resolution approved at a duly convened and constituted meeting of directors of the Company by
the affirmative vote of a majority of the directors present at the meeting who voted except that
where a director is given more than one vote, he shall be counted by the number of votes he casts
for the purpose of establishing a majority; or
(b) a resolution consented to in writing or by telex, telegram, cable or other written electronic
communication by a majority of the directors of the Company. A written resolution consented to in
such manner may consist of several documents including written electronic communication, in like
form each signed or assented to by one or more directors.
BVIPTEBC 2013/01/45(PVNOC) - 2 -
“Resolution of Shareholders” means either:
(a) a resolution approved at a duly convened and constituted meeting of the Shareholders of the
Company by the affirmative vote of a majority of in excess of 50 percent of the votes of the Shares
entitled to vote thereon which were present at the meeting and were voted; or
(b) a resolution consented to in writing by a majority of in excess of 50 percent of the votes of Shares
entitled to vote thereon;
“Seal” means any seal which has been duly adopted as the common seal of the Company;
“Securities” means Shares and debt obligations of every kind of the Company, and including without
limitation options, warrants and rights to acquire Shares or debt obligations;
“Share” means a share issued or to be issued by the Company;
“Shareholder” means a Person whose name is entered in the register of members as the holder of one or
more Shares or fractional Shares;
“Treasury Share” means a Share that was previously issued but was repurchased, redeemed or
otherwise acquired by the Company and not cancelled; and
“Written” or any term of like import includes information generated, sent, received or stored by
electronic, electrical, digital, magnetic, optical, electromagnetic, biometric or photonic means, including
electronic data interchange, electronic mail, telegram, telex or telecopy, and “in writing” shall be
construed accordingly.
1.2. In the Memorandum and the Articles, unless the context otherwise requires a reference to:
(a) a “Regulation” is a reference to a regulation of the Articles;
(b) a “Clause” is a reference to a clause of the Memorandum;
(c) voting by Shareholders is a reference to the casting of the votes attached to the Shares held by the
Shareholder voting;
(d) the Act, the Memorandum or the Articles is a reference to the Act or those documents as amended
or, in the case of the Act, any re-enactment thereof and any subsidiary legislation made thereunder;
and
(e) the singular includes the plural and vice versa.
1.3. Any words or expressions defined in the Act unless the context otherwise requires bear the same
meaning in the Memorandum and the Articles unless otherwise defined herein.
1.4. Headings are inserted for convenience only and shall be disregarded in interpreting the Memorandum
and the Articles.
2. NAME
The name of the Company is SAMPLE M&A.
3. STATUS
The Company is a company limited by Shares.
BVIPTEBC 2013/01/45(PVNOC) - 3 -
4. REGISTERED OFFICE AND REGISTERED AGENT
4.1. The first registered office of the Company is at P.O. Box 957, Offshore Incorporations Centre, Road
Town, Tortola, British Virgin Islands, the office of the first registered agent.
4.2. The first registered agent of the Company is Offshore Incorporations Limited of P.O. Box 957, Offshore
Incorporations Centre, Road Town, Tortola, British Virgin Islands.
4.3. The Company may by Resolution of Shareholders or by Resolution of Directors change the location of
its registered office or change its registered agent.
4.4. Any change of registered office or registered agent will take effect on the registration by the Registrar of
a notice of the change filed by the existing registered agent or a legal practitioner in the British Virgin
Islands acting on behalf of the Company.
5. CAPACITY AND POWERS
5.1. Subject to the Act and any other British Virgin Islands legislation, the Company has, irrespective of
corporate benefit:
(a) full capacity to carry on or undertake any business or activity, do any act or enter into any
transaction; and
(b) for the purposes of paragraph (a), full rights, powers and privileges.
5.2. For the purposes of section 9(4) of the Act, there are no limitations on the business that the Company may
carry on.
6. NUMBER AND CLASSES OF SHARES
6.1. Shares in the company shall be issued in the currency of the United States of America.
6.2. The Company is authorised to issue a maximum of 50,000 Shares of a single class each with a par value
of US$1.00.
6.3. The Company may issue fractional Shares and a fractional Share shall have the corresponding fractional
rights, obligations and liabilities of a whole Share of the same class or series of Shares.
6.4. Shares may be issued in one or more series of Shares as the directors may by Resolution of Directors
determine from time to time.
7. RIGHTS OF SHARES
7.1. Each Share confers upon the Shareholder:
(a) the right to one vote at a meeting of the Shareholders or on any Resolution of Shareholders;
(b) the right to an equal share in any dividend paid by the Company; and
(c) the right to an equal share in the distribution of the surplus assets of the Company on its
liquidation.
7.2. The Company may by Resolution of Directors redeem, purchase or otherwise acquire all or any of the
Shares subject to Regulation 3 of the Articles.
BVIPTEBC 2013/01/45(PVNOC) - 4 -
8. VARIATION OF RIGHTS
If at any time the Shares are divided into different classes, the rights attached to any class may only be
varied, whether or not the Company is in liquidation, with the consent in writing of or by a resolution
passed at a meeting by the holders of not less than 50 percent of the issued Shares in that class.
9. RIGHTS NOT VARIED BY THE ISSUE OF SHARES PARI PASSU
The rights conferred upon the holders of the Shares of any class shall not, unless otherwise expressly
provided by the terms of issue of the Shares of that class, be deemed to be varied by the creation or issue
of further Shares ranking pari passu therewith.
10. REGISTERED SHARES
10.1. The Company shall issue Registered Shares only.
10.2. The Company is not authorised to issue Bearer Shares, convert Registered Shares to Bearer Shares or
exchange Registered Shares for Bearer Shares.
11. TRANSFER OF SHARES
11.1. The Company shall, on receipt of an instrument of transfer complying with Sub-Regulation 6.1 of the
Articles, enter the name of the transferee of a Share in the register of members unless the directors
resolve to refuse or delay the registration of the transfer for reasons that shall be specified in a Resolution
of Directors.
11.2. The directors may not resolve to refuse or delay the transfer of a Share unless the Shareholder has failed
to pay an amount due in respect of the Share.
12. AMENDMENT OF THE MEMORANDUM AND THE ARTICLES
12.1. Subject to Clause 8, the Company may amend the Memorandum or the Articles by Resolution of
Shareholders or by Resolution of Directors, save that no amendment may be made by Resolution of
Directors:
(a) to restrict the rights or powers of the Shareholders to amend the Memorandum or the Articles;
(b) to change the percentage of Shareholders required to pass a Resolution of Shareholders to amend
the Memorandum or the Articles;
(c) in circumstances where the Memorandum or the Articles cannot be amended by the Shareholders;
or
(d) to Clauses 7, 8, 9 or this Clause 12.
12.2. Any amendment of the Memorandum or the Articles will take effect on the registration by the Registrar
of a notice of amendment, or restated Memorandum and Articles, filed by the registered agent.
BVIPTEBC 2013/01/45(PVNOC) - 5 -
We, OFFSHORE INCORPORATIONS LIMITED of P.O. Box 957, Offshore Incorporations Centre, Road Town,
Tortola, British Virgin Islands for the purpose of incorporating a BVI Business Company under the laws of the
British Virgin Islands hereby sign this Memorandum of Association the
Incorporator
……………………………………………….
(Sd.) Rexella D. Hodge
Authorised Signatory
OFFSHORE INCORPORATIONS LIMITED
BVIPTEBC 2013/01/45(PVNOC) - 6 -
TERRITORY OF THE BRITISH VIRGIN ISLANDS
THE BVI BUSINESS COMPANIES ACT, 2004
ARTICLES OF ASSOCIATION
OF
SAMPLE M&A
A COMPANY LIMITED BY SHARES
1. REGISTERED SHARES
1.1. Every Shareholder is entitled, on request to a certificate signed by a director or officer of the Company, or
any other person authorised by Resolution of Directors, or under the Seal specifying the number of
Shares held by him and the signature of the director, officer or authorised person and the Seal may be
facsimiles.
1.2. Any Shareholder receiving a certificate shall indemnify and hold the Company and its directors and
officers harmless from any loss or liability which it or they may incur by reason of any wrongful or
fraudulent use or representation made by any person by virtue of the possession thereof. If a certificate
for Shares is worn out or lost it may be renewed on production of the worn out certificate or on
satisfactory proof of its loss together with such indemnity as may be required by Resolution of Directors.
1.3. If several Persons are registered as joint holders of any Shares, any one of such Persons may give an
effectual receipt for any Distribution.
2. SHARES
2.1. Shares and other Securities may be issued at such times, to such Persons, for such consideration and on
such terms as the directors may by Resolution of Directors determine.
2.2. Section 46 of the Act (Pre-emptive rights) does not apply to the Company.
2.3. A Share may be issued for consideration in any form, including money, a promissory note, or other
written obligation to contribute money or property, real property, personal property (including goodwill
and know-how), services rendered or a contract for future services.
2.4. The consideration for a Share with par value shall not be less than the par value of the Share. If a Share
with par value is issued for consideration less than the par value, the person to whom the Share is issued
is liable to pay to the Company an amount equal to the difference between the issue price and the par
value.
2.5. No Shares may be issued for a consideration other than money, unless a Resolution of Directors has been
passed stating:
(a) the amount to be credited for the issue of the Shares;
BVIPTEBC 2013/01/45(PVNOC) - 7 -
(b) the determination of the directors of the reasonable present cash value of the non-money
consideration for the issue; and
(c) that, in the opinion of the directors, the present cash value of the non-money consideration for the
issue is not less than the amount to be credited for the issue of the Shares.
2.6. The consideration paid for any Share, whether a par value Share or a no par value Share, shall not be
treated as a liability or debt of the Company for the purposes of:
(a) the solvency test in Regulations 3 and 18; and
(b) sections 197 and 209 of the Act.
2.7. The Company shall keep a register (the “register of members”) containing:
(a) the names and addresses of the Persons who hold Shares;
(b) the number of each class and series of Shares held by each Shareholder;
(c) the date on which the name of each Shareholder was entered in the register of members; and
(d) the date on which any Person ceased to be a Shareholder.
2.8. The register of members may be in any such form as the directors may approve, but if it is in magnetic,
electronic or other data storage form, the Company must be able to produce legible evidence of its
contents. Until the directors otherwise determine, the magnetic, electronic or other data storage form
shall be the original register of members.
2.9. A Share is deemed to be issued when the name of the Shareholder is entered in the register of members.
3. REDEMPTION OF SHARES AND TREASURY SHARES
3.1. The Company may purchase, redeem or otherwise acquire and hold its own Shares in such manner and
upon such other terms as the directors may agree with the relevant Shareholder(s) save that the Company
may not purchase, redeem or otherwise acquire its own Shares without the consent of Shareholders
whose Shares are to be purchased, redeemed or otherwise acquired unless the Company is permitted by
the Act or any other provision in the Memorandum or Articles to purchase, redeem or otherwise acquire
the Shares without their consent.
3.2. The Company may only offer to purchase, redeem or otherwise acquire Shares if the Resolution of
Directors authorising the purchase, redemption or other acquisition contains a statement that the
directors are satisfied, on reasonable grounds, that immediately after the acquisition the value of the
Company’s assets will exceed its liabilities and the Company will be able to pay its debts as they fall due.
3.3. Sections 60 (Process for acquisition of own Shares), 61 (Offer to one or more shareholders) and 62
(Shares redeemed otherwise than at the option of company) of the Act shall not apply to the Company.
3.4. Shares that the Company purchases, redeems or otherwise acquires pursuant to this Regulation may be
cancelled or held as Treasury Shares except to the extent that such Shares are in excess of 50 percent of
the issued Shares in which case they shall be cancelled but they shall be available for reissue.
3.5. All rights and obligations attaching to a Treasury Share are suspended and shall not be exercised by the
Company while it holds the Share as a Treasury Share.
3.6. Treasury Shares may be transferred by the Company on such terms and conditions (not otherwise
inconsistent with the Memorandum and the Articles) as the Company may by Resolution of Directors
determine.
BVIPTEBC 2013/01/45(PVNOC) - 8 -
3.7. Where Shares are held by another body corporate of which the Company holds, directly or indirectly,
Shares having more than 50 percent of the votes in the election of directors of the other body corporate,
all rights and obligations attaching to the Shares held by the other body corporate are suspended and shall
not be exercised by the other body corporate.
4. MORTGAGES AND CHARGES OF SHARES
4.1. Shareholders may mortgage or charge their Shares.
4.2. There shall be entered in the register of members at the written request of the Shareholder:
(a) a statement that the Shares held by him are mortgaged or charged;
(b) the name of the mortgagee or chargee; and
(c) the date on which the particulars specified in subparagraphs (a) and (b) are entered in the register of
members.
4.3. Where particulars of a mortgage or charge are entered in the register of members, such particulars may be
cancelled:
(a) with the written consent of the named mortgagee or chargee or anyone authorised to act on his
behalf; or
(b) upon evidence satisfactory to the directors of the discharge of the liability secured by the mortgage
or charge and the issue of such indemnities as the directors shall consider necessary or desirable.
4.4. Whilst particulars of a mortgage or charge over Shares are entered in the register of members pursuant to
this Regulation:
(a) no transfer of any Share the subject of those particulars shall be effected;
(b) the Company may not purchase, redeem or otherwise acquire any such Share; and
(c) no replacement certificate shall be issued in respect of such Shares,
without the written consent of the named mortgagee or chargee.
5. FORFEITURE
5.1. Shares that are not fully paid on issue are subject to the forfeiture provisions set forth in this Regulation.
5.2. A written notice of call specifying the date for payment to be made shall be served on the Shareholder
who defaults in making payment in respect of the Shares.
5.3. The written notice of call referred to in Sub-Regulation 5.2 shall name a further date not earlier than the
expiration of 14 days from the date of service of the notice on or before which the payment required by
the notice is to be made and shall contain a statement that in the event of non-payment at or before the
time named in the notice the Shares, or any of them, in respect of which payment is not made will be
liable to be forfeited.
5.4. Where a written notice of call has been issued pursuant to Sub-Regulation 5.3 and the requirements of
the notice have not been complied with, the directors may, at any time before tender of payment, forfeit
and cancel the Shares to which the notice relates.
5.5. The Company is under no obligation to refund any moneys to a Shareholder whose Shares have been
cancelled pursuant to Sub-Regulation 5.4 and that Shareholder shall be discharged from any further
obligation to the Company.
BVIPTEBC 2013/01/45(PVNOC) - 9 -
6. TRANSFER OF SHARES
6.1. Subject to the Memorandum, Shares may be transferred by a written instrument of transfer signed by the
transferor and containing the name and address of the transferee, which shall be sent to the Company for
registration.
6.2. The transfer of a Share is effective when the name of the transferee is entered on the register of members.
6.3. If the directors of the Company are satisfie
本文档为【BVI公司章程PTEBC 2013-01-45_PVNOC系列_英文版】,请使用软件OFFICE或WPS软件打开。作品中的文字与图均可以修改和编辑,
图片更改请在作品中右键图片并更换,文字修改请直接点击文字进行修改,也可以新增和删除文档中的内容。
该文档来自用户分享,如有侵权行为请发邮件ishare@vip.sina.com联系网站客服,我们会及时删除。
[版权声明] 本站所有资料为用户分享产生,若发现您的权利被侵害,请联系客服邮件isharekefu@iask.cn,我们尽快处理。
本作品所展示的图片、画像、字体、音乐的版权可能需版权方额外授权,请谨慎使用。
网站提供的党政主题相关内容(国旗、国徽、党徽..)目的在于配合国家政策宣传,仅限个人学习分享使用,禁止用于任何广告和商用目的。