Minister of Industry, Investment and Commerce, Hon. Audley Shaw, makes his contribution to the 2021/22 Sectoral Debate in the House of Representatives on May 11.
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
Welcome to the official website of the Ministry of Industry, Investment and Commerce.
The Ministry of Industry, Investment and Commerce is described as Jamaica's "Business Ministry." It's mandate is to lead the development of policies that will create growth and jobs, while achieving social inclusion and consumer protection. The Ministry, working its stakeholders is primarily responsible for business policy development, monitoring and evaluation, while giving direction and oversight to a cluster of implementing departments and agencies.
We have, therefore, placed much energy and enthusiasm into the development of this website to provide timely information on the Ministry, our agencies and programmes.
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