Post by EasyPeasy on Jul 25, 2018 20:57:44 GMT
Created by: Liberty Party
Date Created: March 4429
LINK: Companies Act (Aug 4426) - Liberty
Liberty propose to streamline the way business is conducted in Beluzia and in the process create a much more transparent system.
Article I - Registration
i) All companies are required to register their organization and any parent and subsidiary companies associated with it.
ii) This registration is also considered a license to conduct business.
iii) Registration also carries with it an agreement to liability.
Article II - Executives
i) Companies are required to maintain an up to date list of executives including but not restricted to; directors, chairman, presidents and board members.
Article III - Tax Compliance
i) Companies are required to lodge a yearly tax return.
ii) Companies are subject to the rate of taxation as set by the Congress of Beluzia.
iii Companies are subject to the laws as set by the Congress of Beluzia.
Article IV - The Tender Process
i) Companies undertaking major projects. Herein considered any project costing more than b250,000 must submit to a tender process in the interests of transparency.
ii) Tender processes are initiated with an Expression of Interest wherein a selection will be made based on proposals submitted.
iii) In the case of major contracts relating to government works Congress will need to award a contract through a majority vote.
Article V - Contracts
i) Once awarded all contracts are considered legally binding.
Article VI - Compliance
i) Companies failing to comply with these regulations will be subject to fines, loss of license, de-registration or, for individuals, a custodial sentence as decided by the courts of Beluza.
Date Created: March 4429
LINK: Companies Act (Aug 4426) - Liberty
Liberty propose to streamline the way business is conducted in Beluzia and in the process create a much more transparent system.
Article I - Registration
i) All companies are required to register their organization and any parent and subsidiary companies associated with it.
ii) This registration is also considered a license to conduct business.
iii) Registration also carries with it an agreement to liability.
Article II - Executives
i) Companies are required to maintain an up to date list of executives including but not restricted to; directors, chairman, presidents and board members.
Article III - Tax Compliance
i) Companies are required to lodge a yearly tax return.
ii) Companies are subject to the rate of taxation as set by the Congress of Beluzia.
iii Companies are subject to the laws as set by the Congress of Beluzia.
Article IV - The Tender Process
i) Companies undertaking major projects. Herein considered any project costing more than b250,000 must submit to a tender process in the interests of transparency.
ii) Tender processes are initiated with an Expression of Interest wherein a selection will be made based on proposals submitted.
iii) In the case of major contracts relating to government works Congress will need to award a contract through a majority vote.
Article V - Contracts
i) Once awarded all contracts are considered legally binding.
Article VI - Compliance
i) Companies failing to comply with these regulations will be subject to fines, loss of license, de-registration or, for individuals, a custodial sentence as decided by the courts of Beluza.