Section 194Part 9 — Overseas Companies
Definitions in this Part
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In this Part — “ certified copies ” includes copies (whether in the form of an electronic record or otherwise) certified as true copies of the originals by —
the relevant authority;
a notary public in the relevant jurisdiction or in the Islands; or
a person qualified to practise law in the relevant jurisdiction or in the Islands, or
any other person acceptable to the Registrar; “ director ” in relation to a foreign company, means any director, officer, member or other person (howsoever called) in whom the management of the fore ign company is vested; “ electronic record ” has the same meaning as in Part I of the Electronic Transactions Act ( 2003 Revision ) ; “ excluded share transfer or share registration office ” means a share transfer or share registration office provided within the Islands by a person licensed or registered to do so under the regulatory laws; “ place of business ” includes a share transfer or share registration office (except an excluded share transfer or share registration office); “ relevant authority ” in respect of a foreign company, means the national, state or local government authority, registry or other body in the relevant jurisdiction that is responsible for forming or incorporating the foreign company; and “ relevant jurisdiction ” means the jurisdiction in which the foreign company has been formed or incorporated.
In this Part, an overseas company shall not be deemed to have established or to have commenced carrying on business within the Islands solely by reason of having an excluded share transfer or share registration office.