Remove label in the Nominee Agreement

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How to Remove label in the Nominee Agreement

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[Music] in this video were going to talk about the difference between cancelled and withdrawn man do we see this get misused an awful lot a cancelled listing is a listing when everything has been satisfied when you see a cancelled listing that should be an indication to you that at one point in time there was a listing agreement and the listing broker and the seller of that property have come to terms to completely end that listing agreement and that it is finished in all regards thats what a canceled listing is we have stopped in all regards the transaction of selling this property in comparison a withdrawn property indicates to our participants that there is still some kind of business attached to that listing that the seller and the listing broker have come to a conclusion or come to the decision to stop marketing and showing the property but theres still something that needs to be settled perhaps thats a dispute on how much uh is owed to one party or the other or whats going

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Do BVI companies require a company secretary?

The basic requirements to register a BVI company is one director, and one shareholder. There is also confidentiality in the company details, and there is no need for a company secretary.

Who are the parties to a shareholders agreement?

A shareholders agreement is a contract between the shareholders of a company and the company itself.

What does nominee mean in agreement?

nominee. n. 1) a person or entity who is requested or named to act for another, such as an agent or trustee. 2) a potential successor to anothers rights under a contract.

Does the company need to be a party to a shareholder agreement?

All shareholders will be bound by the memorandum and articles of association of the company. A company does not need a shareholders agreement and does not have to be a party to any shareholders agreements that are created although it can be.

Can a non shareholder be party to a shareholders agreement?

Even parties who are not shareholders can be parties to a shareholders agreement, in appropriate circumstances. There is a common misconception that a shareholders agreement can only be made when the company is first formed, however, a shareholders agreement can be made at any time during the lifetime of a company.

Who is bound by shareholders agreement?

A shareholders agreement is a private binding contract which outlines what the shareholders of the company can and cannot do. It also defines each of the shareholders rights and obligations and their roles in running the company. A shareholders agreement can therefore be used to prevent and resolve any disputes.

Do BVI companies have directors?

All companies are required to have at least one director, although that director does not have to be a natural person. There is no requirement for directors to be a BVI resident or citizen.

What is the liability of a BVI director?

Directors of BVI companies owe common law duties to act in the best interests of the company as a whole, which requires them to take account of the interests of the companys creditors ahead of those of the companys members when the company is insolvent or on the verge of insolvency.

Who can be a director of a BVI company?

Virtually anyone/entity may be appointed a director of a BVI company, so long as they are not under the age of 18, an undischarged bankrupt or disqualified under the Insolvency Act or the memorandum and articles of association of the relevant company. Further, there is no requirement of residency.

Are nominee directors liable?

The primary responsibility of a nominee Simply put, a nominee director must only act on the business owners behalf and cannot take any decisions independently. If this occurs, a bdocHub in the contract agreement will arise, and the nominee director may face legal action.

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