Companies Act To Be Amended To Accommodate Virtual Meetings
MIIC Author
A Bill is being drafted to amend the Companies Act to allow a company in Jamaica to hold general meetings, whether annual general meetings (AGMs) or extraordinary general meetings (EGMs), as hybrid meetings, that is in-person and virtually, or as completely electronic meetings.
This Bill will match the transition the world has taken on, as part of efforts to prevent the spread of the coronavirus (COVID-19), with mostly virtual meetings.
Minister of Industry, Investment and Commerce, Hon. Audley Shaw, provided details during his contribution to the 2021/22 Sectoral Debate at the Sitting of the House of Representatives on Tuesday (May 11).
He pointed out that the Government is expected to make amendments to the Companies Act by the end of May.
The Minister said that in a further phase, the Act is to be amended to strengthen the efficient operation of companies.
The proposed amendments include improved efficiency in relation to the incorporation of companies and administration of company meetings and proceedings, and deterrents against companies being used for money laundering and other illicit activities.
Source: JIS
Recent News
See all news
Posted on 21/05/2026
JIPO Urged To Use IP To Drive Wealth Creation
Executive Director, Jamaica Intellectual Property Office (JIPO), Lilyclaire Bellamy explaining procedures of the JIPO to Director General of the United Nations World Intellectual Property Organization (WIPO), Daren Tang, during a tour of the JIPO ...
Posted on 21/05/2026
Industry Stakeholders Urged to Embrace Sophistication for Global Competitiveness
Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill (centre), shares a moment with (from left) Jamaica Manufacturers and Exporters Association (JMEA) Deputy President, Cecil Foster; President, Kathryn Silvera; Sagicor Bank J...
Posted on 20/05/2026
New intellectual property training institute proposed for Jamaica
Jamaica has moved closer to establishing a national intellectual property training institute after signing a letter of intent with the World Intellectual Property Organization (WIPO). The institute is envisaged as a national hub for intellectual p...
