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What is the Companies Act 1994?

A. The Companies Act, 1994 defines the word company as \u201ca company formed and registered under this Act or an existing company\u201d. Therefore, a company is formed under the Companies Act, 1994 by a group of people who come together for achieving a common objective.

Can you remove a director without cause?

Section 303 of the California Corporations Code generally permits removal of any or all of the directors without cause if the removal is "approved by the outstanding shares" (defined in Section 152).

How do I set up a corporation in Jamaica?

A Jamaican corporation must appoint a minimum of three directors and one shareholder of any nationality and the minimum paid-up share capital required to complete the incorporation process is US$4,400.

How long does it take to incorporate a company in Jamaica?

If the documents are in order, then a Certificate of Incorporation is issued within four working days. The Cost to Register the Company is $24,000.00 (There is an additional charge of at least $500.00 if the documents are stamped at the Companies Office.)

How do I legally remove a director?

Section 168(1) of the Act states that the shareholders can remove a director by passing an ordinary resolution at a meeting of the company.

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