Public Statement 17 of 2022 - ERIDGE CAPITAL LIMITED

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) concerning Eridge Capital Limited, a company that has been struck off the BVI Register of Companies and has never been licensed or regulated by the FSC to conduct investment business or any other financial services business.

• Background: Eridge Capital Limited was continued into the BVI as a business company on 14 March 2018, having previously been registered in Jersey as New World Oil & Gas PLC.
• Strike off: The company was struck off the BVI Register of Companies on 2 November 2021.
• No licence: The entity has never been licensed or regulated by the FSC to carry on investment business or any financial services business in or from within the BVI.
• Complaints: The FSC notes complaints circulating online from investors and shareholders of the company.
• Legal effect of strike off: Under BVI company law, a struck off company, and its directors, members, liquidator or receiver, are prohibited from dealing with the company's assets or acting with respect to its affairs.

The FSC advises the public to exercise extreme caution if solicited to conduct business with Eridge Capital Limited and invites anyone with information about questionable entities or improper activities to contact the Commission. The statement is issued under Section 37A of the Financial Services Commission Act, 2001, and does not impose ongoing compliance obligations on regulated entities but serves as a consumer protection warning.

Applies to

general public, investors/shareholders of Eridge Capital Limited