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Power of attorney.
25.
(1) A corporation may, by writing under seal, empower any person, either generally or in respect of any specified matter, as its attorney to execute deeds on its behalf in or outside Antigua and Barbuda.
(2) A deed signed by a person empowered as provided in subsection (1) binds the corporatio... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
Corporate seal.
26.
(1) A corporation may have a common seal with its name engraved thereon in legible characters; except when required by any enactment to use its common seal, the cor- poration may, for the purpose of sealing any document, use its common seal or any other form of seal. | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(2) If authorised by its by-laws, a corporation may have for use in any country other than Antigua and Barbuda or for use in any place outside Antigua and Barbuda, an official seal, which must be a facsimile of the common seal of the corporation.
LAWS OF ANTIGUA AND BARBUDA International Business Corporations (CAP.
2... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(2) Shares in a corporation are personal property.
(3) Bearer share certificates shall include a legend that the certificate is not transferable to a resident of Antigua and Barbuda.
(4) Subject to subsection ( 5 ) , each share in a corpora- tion must be distinguished by an appropriate designation. | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(5) If at any time all the issued shares in a corporation, or all the issued shares in a corporation of a particular class, rank equally for all purposes, none of those shares need thereafter have a distinguishing designation so long as it ranks equally for all purposes with all shares for the time being issued, or, as... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
28.
When a corporation has only one class of shares If only the rights of the holders are equal in all respects and include class.
(a) the right to vote at any meeting of shareholders; ( b ) the right to receive any dividend declared by the corporation; (6) the right to receive the remaining property of the corporati... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
29.
The articles of a corporation may provide for Share more than one class of shares; and, if they so provide, ( a ) the rights, privileges, restrictions and conditions attaching to the shares of each class must be set out in the articles; and ( b ) the rights set out in section 28 must be attached to the shares of t... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
30.
Subject to the articles, the by-laws, any unanimous shareholder agreement and section 35, shares may be issued at such times and to such persons and for such consideration as the directors may determine.
Consideration.
3 1.
(1) A share may not be issued until it is fully paid (a) in money, or ( 6 ) in property ... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(2) In determining whether property or past service is the fair equivalent of a money consideration, the directors may take into account reasonable charges and expenses of organisation and re-organisation and payments for property and past services reasonably expected to benefit the corporation.
(3) For the purposes o... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
Stated capital accounts.
32.
(1) Subject to subsection (8), a corporation must maintain a separate stated capital account for each class and series of shares that it issues.
(2) A corporation must add to the appropriate stated capital account the full amount of the consideration that it receives for any shares that ... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(4) A corporation must not, in respect of a share that it issues, add to a stated capital account an amount greater than the amount of the consideration that it receives for the share.
(5) When a corporation proposes to add an amount to a stated capital account that it maintains in respect of a class LAWS OF ANTIGUA A... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
222 27 or series of shares, that addition to the stated capital account must be approved by special resolution if (a) the amount to be added was not received by the corporation as consideration for the issue of shares, and (6) the corporation has issued any outstanding shares of more than one class or series. | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(6) Notwithstanding section 3 1 and subsection (2), (a) when, in exchange for property, a corporation issues shares (i) to a body corporate that was an affiliate of the corporation immediately before the exchange, or (ii) to a person who controlled the corporation immediately before the exchange, the corporation, subje... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
28 CAP. | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
222) International Business Corporations LAWS OF ANTIGUA AND BARBUDA (7) When an existing off-shore company is continued under this Act, (a) then, notwithstanding subsection (2), it is not required to add to a stated capital account any considera- tion received by it before it became a continued cor- poration, unless t... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(8) Subsections (1) to (7) and other provisions of this Act relating to a stated capital account do not apply to an open-end mutual fund corporation; that is to say, a corpora- tion that carries on only the business of investing in the securities of foreign companies or in the securities of other corporations, or both,... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
Series shares.
33.
(1) The articles of a corporation may authorise the issue of any class of shares in one or more series and may authorise the directors to fix the number of shares in and to determine the designation, rights, privileges, restric- tions and conditions attaching to the shares of each series, subject t... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
222 29 ( 2 ) If any cumulative dividends or amounts payable on return of capital in respect of a series of shares are not paid in full, the shares of all series of the same class participate rateably in respect of accumulated dividends and return of capital. | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
( 3 ) No rights, privileges, restrictions or conditions attached to a series of shares authorised under this section may confer upon the series a priority in respect of dividends or return of capital over any other series of shares of the same class that are then outstanding.
(4) Before the issue of shares of a series... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(5) Upon receipt from a corporation of articles of amendment designating a series of shares, the Director must issue to the corporation a certificate of amendment in accord- ance with section 3 2 7 .
(6) The articles of a corporation are amended accord- ingly on the date shown in the certificate of amendment issued un... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
provide, no shares of a class of shares may be issued unless the shares have first been offered to the shareholders of the corporation holding shares of that class; and those shareholders have a pre-emptive right to acquire the offered shares in proportion to their holdings of the shares of that class, at such price an... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
( 2 ) Unless the articles of a corporation otherwise pro- vide, the shareholders of the corporation have no pre-emptive right in respect of shares to be issued by the corporation ( a ) for a consideration other than money; (6) as a share dividend; or (c) pursuant to the exercise of conversion privileges, options or rig... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(1) A corporation may grant conversion ~ r i v i l e ~ e s , options or rights to acquire shares of the corpora- tion but must set out the conditions of the conversion privileges in any instruments issued as evidence of the con- version privileges.
(2) Conversion privileges, options and rights to acquire securities of... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
Reserve shares.
36.
Where a corporation (a) has granted privileges to convert any securities issued by the corporation into shares or into shares of another class or series of shares, or ( b ) has issued or granted options or rights to acquire shares, if the articles of the corporation limit the number of authorised ... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
Own shares.
37.
(1) Subject to subsection (2), and except as pro- vided in sections 38 to 41, a corporation shall not hold shares in itself or in its holding body corporate.
(2) When a subsidiary body corporate holds shares in a corporation, the corporation must cause the subsidiary body corporate of the corporation... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(3) When a subsidiary body corporate of a continued corporation holds shares of the continued corporation, the corporation must cause the subsidiary body corporate to sell or otherwise dispose of those shares within five years from the date that the corporation became a continued corporation.
Exceptions.
38.
(1) A c... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
222 3 1 porate unless it or the holding body corporate or a subsidiary of either of them has a beneficial interest in the shares.
( 2 ) A corporation may hold shares in itself or in its holding body corporate by way of security for the purposes of a transaction entered into by it in the ordinary course of a business t... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
( 3 ) A corporation that carries on the business of inter- national manufacturing or international shipping or any other trading or commercial activities may hold shares in itself or in its holding body corporate.
39.
( 1 ) Subject to subsection ( 2 ) and to its articles, t;',":g:.of a corporation may purchase or oth... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
( 2 ) A corporation shall not make any payment to pur- chase or otherwise acquire shares issued by it, if there are reasonable grounds for believing that ( a ) the corporation is unable or would, after that payment, be unable to pay its liabilities as they become due, or ( 6 ) the realisable value of the corporation's ... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
but subject to subsection ( 3 ) and to its articles, a corpora- tion may purchase or otherwise acquire its own issued shares ( a ) to settle or compromise a debt or claim asserted by or against the corporation; ( b ) to eliminate fractional shares; (c) to fulfil the terms of a non-assignable agree- ment under which the... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
( 2 ) Notwithstanding subsection ( 2 ) of section 41, a com- pany may purchase or otherwise acquire its own issued shares 32 CAP.
222) International Business Corporations LAWS OF ANTIGUA AND BARBUDA Redeemable shares.
(a) to satisfy the claim of a shareholder who dissents under section 191, or (6) to comply with an o... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(3) A corporation shall not, under subsection (I), make any payment to purchase or acquire shares issued by it if there are reasonable grounds for believing that (a) the corporation is unable or would, after that payment, be unable to pay its liabilities as they become due, or (6) the realisable value of the corporatio... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
41.
(1) Notwithstanding subsection (2) of section 39 or subsection (3) of section 40, but subject to subsection (2) of this section and to its articles, a corporation may, at prices not exceeding the redemption price thereof stated in its articles or calculated according to a formula stated in its articles, purchase o... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(2) A corporation shall not make any payment to pur- chase or redeem any redeemable shares issued by it if there are reasonable grounds for believing that (a) the corporation is unable or would, after that payment, be unable to pay its liabilities as they become due, or (6) the realisable value of the corporation's ass... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
LAWS OF ANTIGUA AND BARBUDA International Business Corporations (CAP.
222 3 3 42.
Subject to section 46, a corporation may accept from any shareholder a share of the corporation surrendered to it as a gift, but may not extinguish or reduce a liability in respect of any amount unpaid on any such share except in accord... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
holding body corporate shall not vote or permit those shares to be voted unless the corporation ( a ) holds the shares in the capacity of a legal representative, and ( b ) has complied with section 126.
44. | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(1) Subject to subsection ( 3 ) , a corporation may $;;:H;P~~A by special resolution reduce its stated capital by ( a ) extinguishing or reducing a liability in respect of an amount unpaid on any share, ( 6 ) returning any amount in respect of considera- tion that the corporation received for an issued share, whether o... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
( 2 ) A special resolution under this section must specify the stated capital accounts from which the reduction of stated capital effected by the special resolution will be deducted. | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
( 3 ) A corporation shall not reduce its stated capital under paragraph ( a ) or ( b ) of subsection ( 1 ) if there are reasonable grounds for believing that ( a ) the corporation is unable or would, after that reduction, be unable to pay its liabilities as they become due, or ( 6 ) the realisable value of the corporat... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(4) A corporation that reduces its stated capital under this section must, not later than thirty days after the date 34 CAP.
222) I n t n o n a Business corporation^ LAWS OF ANTIGUA AND BARBUDA Stated capital adjustment.
of the passing of the resolution, serve notice of the resolu- tion on all persons who on the date... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
( 5 ) A creditor may apply to the court for an order com- pelling a shareholder or other recipient (a) to pay to the corporation an amount equal to any liability of the shareholder that was extinguished or reduced contrary to this section, or (6) to pay or deliver to the corporation any money or property that was paid ... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(6) An action to enforce a liability imposed by this sec- tion may not be commenced after two years from the date of the act complained of.
(7) This section does not affect any liability that arises under section 83 or 84.
45. | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
( 1 ) Upon a purchase, redemption or other acquisition by a corporation under section 39, 40, 41, 59 or 191 or Cf)of subsection (3) of section 204, of shares or fractions thereof issued by it, the corporation must deduct, from the stated capital account maintained for the class or series of shares purchased, redeemed o... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
( 2 ) A corporation must deduct the amount of a pay- ment made by the corporation to a shareholder under paragraph (g) of subsection ( 3 ) of section 204 from the stated capital account maintained for the class or series of shares in respect of which the payment was made.
( 3 ) A corporation must adjust its stated cap... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
222 35 ( 4 ) Upon a conversion of issued shares of a class into shares of another class or upon a change under sec- tion 161, 174 or 204 of issued shares of a corporation into shares of another class or series, the corporation must ( a ) deduct, from the stated capital account main- tained for the class or series of sh... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(5) For the purposes of subsection ( 4 ) , when a corpora- tion issues two classes of shares and there is attached to each of the classes a right to convert a share of the one class into a share of the other class, then, if a share of one class is converted into a share of the other class, the amount of stated capital ... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
46.
Shares or fractions of shares issued by a corpora- :;=fation of tion and purchased, redeemed or otherwise acquired by the corporation must be cancelled or, if the articles of the cor- poration limit the number of authorised shares, the shares or fractions may be restored to the status of authorised but unissued sh... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
poration holding shares in itself as permitted by section 38 is deemed not to have purchased, redeemed or otherwise acquired those shares.
3 6 CAP.
222) International Business Corporations LAWS OF ANTIGUA AND BARBUDA Changing share class.
48.
(1) Shares issued by a corporation and converted or changed under section... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(2) Where its articles limit the number of authorised shares of a class or series of shares of a corporation and issued shares of that class or series have become, pursuant to subsec- tion (I), issued shares of another class or series, the number of unissued shares of the first-mentioned class or series must, unless th... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
49.
(1) Debt obligations issued, pledged or deposited by a corporation are not redeemed by reason only that the indebtedness evidenced by the debt obligations or in respect of which the debt obligations are issued, pledged or deposited is repaid. | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(2) Debt obligations issued by a corporation and pur- chased, redeemed or otherwise acquired by it may be cancelled or, subject to any applicable trust indenture or other agreement applicable to the obligations may be re-issued, pledged or deposited to secure any obligation of the corpora- tion then existing or thereaf... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
Share purchase contract.
5 0 .
(1) A contract with a corporation providing for the purchase of shares of the corporation is specifically enforceable against the corporation except to the extent that the corporation cannot perform the contract without thereby being in breach of section 41 or 42.
(2) In any action bro... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
LAWS OF ANTIGUA AND BARBUDA International Business Corporations (CAP.
222 3 7 ( 3 ) Until the corporation has fully performed a contract referred to in subsection ( I ) , the other party retains the status of a claimant who is entitled * ( a ) to be paid as soon as the corporation is lawfully able to do so, or ( b ) t... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(4) The directors of a corporation acting honestly and in good faith with a view to the best interests of the corpora- tion may authorise the corporation to pay a commission to any person in consideration of his purchasing or agreeing to purchase shares of the corporation from the corporation.
5 1. | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
5 1.
A corporation shall not declare or pay a dividend f;;,"E,bz.d if there are reasonable grounds for believing that ( a ) the corporation is unable or would, after the payment, be unable to pay its liabilities as they become due, or ( b ) the realisable value of the corporation's assets would thereby be less than th... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
ing fully paid shares of the corporation and, subject to subsec- tion ( 2 ) and section 5 1 , a corporation may pay a dividend in money or property.
( 2 ) A corporation shall not pay a dividend out of unrealised profits.
(3) If shares of a corporation are issued in payment of a dividend, the value of the dividend sta... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
53.
When circumstances prejudicial to the corpora- : ~ ~ ~ ~ r ~ s ~ ; by tion exist, the corporation or any corporation with which it is affiliated shall not, except as permitted by section 56, directly or indirectly, give financial assistance by means of a loan, guarantee or otherwise, 3 8 CAP. | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
222) International Business Corporations LAWS OF ANTIGUA AND BARBUDA ( a ) to a shareholder, director, officer or employee of the corporation or affiliated corporation, or ( b ) to any person for the purpose of or in connec- tion with a purchase of a share issued or to be issued by the corporation or a corporation with... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
Permitted gifts.
54.
If a corporation is authorised to do so by its articles, then, if no circumstances prejudicial to the corpora- tion exist, the corporation may, otherwise than out of its stated capital, make gifts of money to any person, whether or not he is a shareholder of the corporation.
Prejudicial circumst... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
Circumstances prejudicial to the corporation exist in respect of financial assistance mentioned in section 53 or in respect of a gift of money mentioned in section 54 when there are reasonable grounds for believing that ( a ) the corporation is unable or would, after giv- ing the financial assistance or gift of money, ... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
Permitted loans.
56. | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
Notwithstanding section 53, a corporation may give financial assistance, by means of a loan, guarantee or otherwise, (a) to any person in the ordinary course of business, if the lending of money is part of the ordinary business of the corporation; ( b ) to any person on account of expenditures incurred or to be incurre... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
222 3 9 (6) to a subsidiary body corporate of the corpora- tion; and (e) to employees of the corporation or any of its affiliates (i) to enable or assist them to purchase or erect living accommodation for their own occupation, (ii) in accordance with a plan for the purchase of shares of the corporation or any of its af... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
57.
A contract made by a corporation contrary to set- Enforcement of illicit loans.
tion 53 may be enforced by the corporation or by a lender for value in good faith without notice of the contravention.
58.
The shareholders of a corporation are not, as Immunity of shareholders, liable for any liability, act or defa... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
5 9 .
(1) Subject to this Act, the articles of a corpora- Lien shares.
tion may provide that the corporation has a lien on a share registered in the name of a shareholder or his legal represen- tative for a debt of that shareholder to the corporation including an amount unpaid in respect of a share issued by a corpor... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
DIVISION D: MANAGEMENT O F CORPORATIONS DIRECTORS AND OFFICERS 60.
Subject to any unanimous shareholder agreement, Duty to manage corporation.
the directors of a corporation must 40 CAP.
222) International Business Corporations LAWS OF ANTIGUA AND BARBUDA Number of directors and residence.
Restricted powers. | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
Restricted powers.
( a ) exercise the powers of the corporation directly or indirectly through the employees and agents of the corporation, and ( b ) direct the management of the business and affairs of the corporation.
61.
A corporation must have at least one director, but a director need not be a natural person. | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
I n the case of banking, trust or insurance corporations at least one direc- tor must be a citizen and resident of Antigua and Barbuda of a corporation licensed under this Act to carry on an International Trust Business.
62. | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
62.
If the powers of the directors of a corporation to manage the business and affairs of the corporation are in whole or in part restricted by the articles of the corporation, the directors have all the rights, powers and duties of the directors to the extent that the articles do not restrict those powers; but the di... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
By-law powers.
63.
(1) Unless the articles, by-laws or an unanimous shareholder agreement otherwise provide, the directors of a corporation may by resolution make, amend, or repeal any by-laws for the regulation of the business or affairs of the corporation. | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(2) T h e directors of a corporation must submit a by- law, or any amendment or repeal of a by-law, made under subsection (1) to the shareholders of the corporation at the next meeting of shareholders after the making, amendment or repeal of the by-law; and the shareholders may, by ordinary resolution, confirm, amend o... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(3) A by-law, or any amendment or repeal of a by-law, is effective from the date of the resolution of the directors making, amending or repealing the by-law until (a) the by-law, amendment or repeal is confirmed, amended or rejected by the shareholders pursuant to subsection (2), or LAWS OF ANTIGUA AND BARBUDA Internat... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
222 4 1 ( b ) the by-law, amendment or repeal ceases to be effective pursuant to subsection ( 4 ) ; and, if the by-law, amendment or repeal is confirmed or amended by the shareholders, it continues in effect in the form in which it was confirmed or amended. | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
( 4 ) When a by-law, or an amendment or repeal of a by-law is not submitted to the shareholders as required by subsection (2) or is rejected by the shareholders, the by-law, amendment or repeal ceases to be effective; and no subse- quent resolution of the directors to make, amend or repeal a by-law having substantially... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(5) A shareholder who is entitled to vote at an annual meeting of shareholders may make a proposal to make, amend or repeal a by-law.
64.
( 1 ) At the time of sending articles of incorpora- Organisational meeting. | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
tion of a corporation to the Director, the incorporators must send him, in the prescribed form, a notice of the names of the directors of the corporation and the name and address of the corporation's resident agent for service of process who must be a resident of Antigua and Barbuda; and the Direc- tor must file the no... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(2) Each director named in the notice referred to in subsection ( 1 ) holds office as a director of the corporation from the issue of the certificate of incorporation of the cor- poration until the first meeting of the shareholders of the corporation. | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(3) After the issue of the certificate of incorporation of a corporation, a meeting of the directors of the corporation must be held at which the directors may ( a ) make by-laws; ( b ) adopt forms of share certificates and corporate records; ( c ) authorise the issue of shares; (6) appoint officers; 42 CAP. | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
222) International Business Corporations LAWS OF ANTIGUA AND BARBUDA (e) appoint an auditor, if required, to hold office until the first annual meeting of shareholders; Cf) make banking arrangements; and @) transact any other business.
(4) An incorporator or a director may call the meeting of directors referred to in ... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(5) Subsection (3) does not apply to a corporation to which a certificate of amalgamation has been issued under section 173.
Disqualified directors.
65. | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(1) When, on the application of the Director, it is made to appear to the court that a person is unfit to be concerned in the management of a corporation, the court may order that, without the prior leave of the court, he may not be a director of the corporation or, in any way, directly or indirectly, be concerned with... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(2) In determining whether or not to make an order under subsection (I), the court must have regards to all the circumstances that it considers relevant including any previous convictions of the person in Antigua and Barbuda or elsewhere for an offence involving fraud or dishonesty or in connection with the promotion, ... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
222 43 (3) Before making an application under this section in relation to any person, the Director must give that person not less than ten days notice of the Director's intention to make the application. | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(4) O n the hearing of an application made by the Direc- tor under this section or an application for leave under this section to be concerned with the management of a corpora- tion, the Director and any person concerned with the application may appear and call attention to any matters that are relevant, and may give e... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(5) When a person is disqualified under this section from being a director of a corporation, he may not, during that period of disqualification, be a director of any corporation.
66.
Unless the articles of a corporation otherwise NO qualification required.
provide, a director of the corporation need not hold shares ... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
the first meeting of the corporation and at each following annual meeting at which an election of directors is required, elect directors to hold office for a term expiring not later than the close of the third annual meeting of the shareholders of the corporation following the election.
(2) It is not necessary that al... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(3) A director who is not elected for an expressly stated term ceases to hold office at the close of the first annual meeting of shareholders following his election.
(4) Notwithstanding subsection (2) of section 65 or subsections (1) and (3) of this section, if directors are not elected at a meeting of shareholders, t... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(5) If a meeting of shareholders fails, by reason of the disqualification, incapacity or death of any candidates, to elect the number or the minimum number of directors 44 CAP.
222) International Business Corporations LAWS OF ANTIGUA AND BARBUDA required by the articles of the corporation, the directors elected at tha... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
( 6 ) The articles of a corporation or an unanimous shareholder agreement may, for terms expiring not later than the close of the third annual meeting of the shareholders following the election, provide for the election or appoint- ment of directors by the creditors or officers of the corpora- tion or by any classes of... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
( 7 ) The corporation must send in the prescribed form to the Director a notice of the names of the directors after each election or appointment of directors of the corporation.
Termination of office.
68.
A director of a corporation ceases to hold office when ( a ) he dies, resigns or is dissolved, ( 6 ) he is remov... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
Resignation of director.
69.
T h e resignation of a director of a corporation becomes effective at the time his written resignation is sent to the corporation or at the time specified in the resigna- tion, whichever is later.
Removal of director.
70.
(1) The shareholders of a corporation may, by ordinary resolutio... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(2) Where the holders of any class or series of shares of a corporation have an exclusive right to elect one or more directors, a director so elected may only be removed by an ordinary resolution at a meeting of the shareholders of that class or series of shares.
(3) A vacancy created by the removal of a director may ... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
LAWS OF ANTIGUA AND BARBUDA International Business Corporations ( C A P .
222 45 71.
(1) A director of a corporation is entitled to Right to notice.
receive notice of, and to attend and be heard at, every meeting of shareholders. | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(2) A director (a) who resigns, (6) who receives a notice or otherwise learns of a meeting of shareholders called for the purpose of remov- ing him from office, or (c) who receives a notice or otherwise learns of a meeting of directors or shareholders at which another person is to be appointed or elected to fill the of... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(3) The corporation shall forthwith send a copy of the statement referred to in subsection (2) to the Director and to every shareholder entitled to receive notice of any meeting referred to in subsection (1).
(4) No corporation or person acting on its behalf incurs any liability by reason only of circulating a directo... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
72.
(1) Subject to subsections (3) and (4), a quorum Filling of directors of a corporation may fill a vacancy among the directors of the corporation, except a vacancy resulting from an increase in the number or minimum number of directors or from a failure to elect the number or minimum number of directors required by... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(2) If there is no quorum of directors, or if there has been a failure to elect the number or minimum number of directors required by the articles, the directors then in office must forthwith call a special meeting of shareholders to fill the vacancy; and, if they fail to call a meeting or if there are no directors the... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
222) International Business Corporations LAWS OF ANTIGUA AND BARBUDA (3) Where the holders of any class or series of shares of a corporation have an exclusive right to elect one or more directors and a vacancy occurs among those directors, ( a ) then, subject to subsection (4), the remaining directors elected by that c... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
any , holder of shares of that class or series may call a meeting of the holders thereof for the purpose of filling the vacancy , - (4) The articles of a corporation may provide that a vacancy among the directors be filled only (a) by a vote of the shareholders, or ( b ) by a vote of the holders of any class or series ... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
(5) A director appointed or elected to fill a vacancy holds office for the unexpired term of his predecessor.
Numbers changed.
73.
The shareholders of a corporation may amend the articles of the corporation to increase or to decrease the number of directors, or the minimum or maximum number of directors; but no decr... | Democratic Participation | Women representation in decision making process - Quotas for women | Antigua and Barbuda | https://docs-lawep.s3.us-east-2.amazonaws.com/1694878254353.pdf | http://laws.gov.ag/wp-content/uploads/2018/08/cap-222.pdf |
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