 |
|
|
 |
|
| |
|
| Lowtax Network Sites |
| Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. Sponsored by HSBC
Bank International. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
| Offshore Trusts
Guide: OTG publishes news, features and newsletters on the use of
offshore trust structures. |
| TreatyPro: Online
tax treaty resource. |
|
|
| Isle Of Man Publishes Guidance For Directors |
by Jason Gorringe, Tax-News.com, London
Wednesday, August 03, 2011
The Isle of Man Financial Supervision Commission has published guidance on the responsibilities
and duties of directors under the laws of the Isle of Man, relevant to all directors
of Isle of Man-incorporated businesses.
The Commission said that the guidance has been compiled to assist directors
of Isle of Man companies to understand and perform their duties responsibly
and within the laws of the Isle of Man, particularly for, but not limited to,
directors of companies holding a financial services licence under the Financial
Services Act 2008.
Under Isle of Man law, companies under the Companies Act 1931-2004 must have
two directors who are natural persons. Corporate directors are not permitted.
Companies under the Companies Act 2006 may have a single director and corporate
directors are permitted.
The updated Guidance provides details on the definition of directorship, and
the designation of such roles, the duties and powers of directors,
the legal requirements placed on directors, record-keeping responsibilities,
board meeting requirements, corporate governance rules, and information on the
ramifications of misconduct.
According to the Commission, the latest update does not include any material
changes but has been updated primarily to reflect changes that have been made
to primary legislation, and has been reviewed in an improved, user-friendly
style.
.
|
|
|
|
| THE LOWTAX LIBRARY
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
FREE TRIAL NEWS SUBSCRIPTION
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
|
|
 |
|
LAWANDTAX-NEWS.COM
