Insolvency Rules 2005, Form 193(1) - Settlement of List of Members

Summary

This is a prescribed statutory form (Form 193(1)) under the BVI Insolvency Rules 2005, used by a company liquidator to formally settle and record the list of members of a company in liquidation. It is filed with the Registrar of Companies and attaches a schedule of share classes and a full list of members with their shareholdings.

• Purpose: Records the liquidator's settlement of the company's list of members as required by section 193(1) and Rule 182 of the Insolvency Rules 2005.
• Content required: Company number and name, name(s) of the liquidator(s), signature and date, a breakdown of share classes (nominal value, issue price, shares issued/called up/paid up), and a full list of members with name, address, class of membership, and shareholding details.
• Filing: To be submitted to the Registrar of Companies, P.O. Box 418, Road Town, Tortola, British Virgin Islands.

As a blank prescribed form, it does not itself set out substantive obligations beyond the requirement that liquidators use it to settle and file the list of members during a company liquidation; no specific deadline is stated on the form itself.

Key obligations

• Liquidator(s) must settle the list of members of the company and complete this Form 193(1), including company details, share class breakdown, and full list of members, and file it with the Registrar of Companies.

Applies to

companies in liquidation, liquidators