And to think that David Thompson’s wife was deemed a queen and now sits in our House and is deputy Speaker to boot!

@Hal Austin | May 8, 2013 at 4:49 AM | “I have long called for a new Companies Act. Shareholders are the legal owners of the company under English law, which the Barbados Act is based on.” Total nonsense. The Barbados Act is taken from the Canada Corporations Act 1975, as David has pointed out.

@John | May 8, 2013 at 6:40 AM | “I recall hearing around 2000 that there was a change in the new act and it was possible to write the Secretary of a company for a list of that company’s shareholders.” Nonsense. That condition was always in the Act. BUT it is only available to you if you are a shareholder of the company yourself. Only then will the secretary be obliged under the Companies Act Cap. 308 to provide you with the names and addresses of shareholders. Without actually looking up the precise provision in the Act, my recollection is that a shareholder is allowed, upon notice, to attend the registered office of the company and make copies of the register of shareholders, including their addresses.

ALSO, @John. “The puzzle would be to figure out which Company to write and it might take some effort and persistence to uncover what someone has set out to hide.” Nonsense. If you are a shareholder, you will know who the secretary of the company is. AND, if you are NOT a shareholder, you can visit the very body you mentioned, CAIPO, call for the file of the company….and guess what? You will find the secretary’s name listed along with the other directors. Might be a good idea for you to read the Companies Act Cap. 308, which is available online. AND to pay a little visit to CAIPO. Just a suggestion.

@Miller. It is clearly AC’s time of the month, and I am referring to a full moon. Mind you, many argue that for AC the moon is always full. Enjoyed (and mostly agreed with) your comments, as always.

@Yagga Rowe | May 8, 2013 at 11:18 AM | “Carson is the scum of the earth ? Is Carson of this earth? People here dont seem to think so.” Hear hear!!!!

@Piece Uh De Rock Yeah Right! | May 8, 2013 at 1:07 PM | Well said, my brother.

@David. The only answer as I see it is to find a shareholder of the company who is willing to invoke the Companies Act and demand copies of the shareholders’ register. Only in extraordinary circumstances will the courts order that the names of shareholders be declared. Hope that helps and gratitude to John for NOT having read the Companies Act, as his ill-informed submission reminded me that a shareholder can demand copies of the register of shareholders. I had forgotten.

175. (4) Any person may, during the usual business hours of the company and upon payment of a reasonable fee, examine the records of the company referred to in paragraph (c)of subsection (1) of section 170, and in subsections (2), (3) and (4) of that section, and make copies of those records or take extracts therefrom.

170. (1) A company shall prepare and maintain at its registered office records containing

(a) the articles and the by-laws, and all amendments thereto, and a copy of any unanimous shareholder agreement and amendments thereto;

(b) minutes of meetings and resolutions of shareholders; and

(c) copies of all notices required by section 66, 74 or 169.

(2) A company shall maintain a register of shareholders showing
(a) the name and the latest known address of each person who is a shareholder;
(b) a statement of the shares held by each shareholder;
(c) the date on which each person was entered on the register as a shareholder, and the date on which any person ceased to be a shareholder.

(3) A company that issues debentures shall maintain a register of debenture holders showing

(a) the name and the latest known address of each debenture holder;
(b) the principal of the debentures held by each holder;
(c) the amount or the highest amount of any premium payable on redemption of the debentures;
(d) the issue price of the debentures and the amount paid up on the issue price;
(e) the date on which the name of each person was entered on the register as a debenture holder; and
(f) the date on which each person ceased to be a debenture holder.

(4) A company that grants conversion privileges, options, or rights to acquire shares of the company shall maintain a register showing the name and the latest known address of each person to whom the privileges, options or rights have been granted, and such other particulars in respect thereof as are prescribed.

(5) A company may appoint an agent to maintain the registers required by this section to be maintained by the company; but the registers must be maintained at the registered office of the company or at some other place in Barbados designated by the directors of the company.

john

Can I go down to the registered office of PRICESMART and “asking for an extract from the share register???????/!!”?

PRODIGAL SON(somebody told me)

Seems as though I mash your corns.

Well, well, well. What nex?

4.30 VOB news…… Republic Bank refuses to cash government cheques for child maintenance. The lady interviewed is puzzled wondering how could the Bank not honour the cheque when her child father has paid in his money!!!

My friend, simple, the government is broke, so any monies paid in is used up. This government has a spending problem.

And so, this so called caring government has spent the poor people’s monies. Now the same poor people they pretend to care so much for……. their children will be without food! How cruel!

Prodigal……………….is that really true, the news i mean??

miller

@miller
A common shareholder is normally entitled to four basic rights of ownership: (1) claim on a share of the company’s undivided assets in proportion to number of shares held; (2) proportionate voting power in the election of directors and other business conducted at shareholder meetings or by proxy; (3) dividends when earned and declared by the board of directors; and (4) preemptive right to subscribe to additional stock offerings before they are available to the general public except when overruled by the articles of incorporation or in special circumstances, such as where stock is issued to effect a merger.

Prodigal…………..someone just told me the same thing happened at the post office……..government cheque could not be cashed……………..that is the beginning of the crash…….

That’s why they are called shareholders, they do however, have voting rights and privileges even if there is an IPO.

Well well

Dont say that, CCC will say we are wishing Barbados to fall! VOB carried the lady’s voice, so it is true. This comes on top of the people hired to cut grass all over DLP constituencies before the election who had to make noise to get paid. Let us pray for Bim.

From Feb. 2008 up to the present, the economy is going to implode and the CountryIs is going to sink beneath the Ocean, if DAVID, PRODIGAL SON and now Well Well is to be believed.

Protocol six signed off on by the social partners extending it for another year.

the social partners for all who don’t know , Government, Labour and Private sector.

Carson…………..when there is a crash, the only way to go from that is up, i prefer hear there is a crash and upward movement after, than to heat it is in a constant state of stagnation…………..a crash means potential upward movement………………i don’t know how you are looking at this, the quicker it happens, the quicker the island can move forward or do you prefer the island to stay in a mode of uncertainty??

Do you guys think that if these characters are involved that they will leave a trail for anyone to follow?

It usually comes out in the wash whether they leave a trail or not, you just cannot keep things secret forever………..what is disturbing is both government’s inability to recognize over the last 20 years that you no longer have a country if 90% of what your businesses sell on the island is imported and maybe just 10% of local products consumed with a nearly non existent export market, when it should be the other way around, businesses should be selling 90% of bajan made products on the island and only allow 10% imports, while having a vibrant export market to be able to boast you have a thriving economy.

Heard some white Canadians speaking just a few minutes ago, businessmen and women who do business around the globe and it is their opinion that Barbados has priced itself out of the market.

This is an opportunity for a fresh start with the implementation of new and progressive ideas, i hope they are seeing where they went wrong and try to remedy it……………………….

Carson C. Cadogan | May 8, 2013 at 7:40 PM |

john

I can find any place in Barbados.
++++++++++++++++++++++++++++++++++++++++

Try “Centipede Alley” and “Turn ‘Round Brisk”!!

Carson, you know, there is no shame in asking for help.

The Registered Office of PRICESMART EXEMPT SRL is at Chancery House in High Street.

Looks like a good place to start as I believe this is a law office so unlike some of the pseudo lawyers (me included) who present themselves here and often get it wrong, the folks there should know the law and help you out.

… and if you want to kill two birds with one stone, COST-U-LESS (BARBADOS) INC. has its Registered Office is at Parker House, Wildey Business Park, also I suspect a law office.

Bushie

We also have a right to know about all the others that you mention. Are you suggesting that every apparent misfeasance in public office should be swept under the rug because others might have gotten away with wrongdoing? I would like to lock them all up but it appears that you have gone soft in the head. Say it ain’t so Bushie.

Bushie did you read the first paragraph of the Editorial on page 2 of BarbadosToday?

Bushie

Since when does $2 million constitute a low level scam.

http://edition.pagesuite-professional.co.uk/launch.aspx?referral=other&refresh=3x1CP05r8g1Q&PBID=87ad6005-1972-4d63-92b0-8927eda53c7a&skip=

@David | May 8, 2013 at 7:32 PM | Precisely. But let John and that jackass CCC go charging into Trevor Carmichael’s chambers (apparently that is the registered office) demanding to see the register of shareholders. They will be asked to take a seat in reception and there they will sit for several hours. When they protest, they will be told that as they do not have an appointment, they just have to wait…….at which point they will probably storm out in high dudgeon, cause Trevor does not have a very good range of magazines in reception. If you read this, Trevor, take note and buy some better magaazines – with pictures please, as John and the jackass prefer pictures. If they wait, then eventually they will be told by a secretary that one of the counsel has told her that they have to phone and make an appointment. But that will be after some hours.

And after they have gone through the whole exercise time and again until finally, in about 2 years time, they have managed to make an appointment, or in 20 years time when they have referred the matter successfully to what is laughingly called the “justice system”, they will be allowed to inspect the register.

And do you know what they will find? That the shareholders are a series of closed corporations, some registered in Barbados maybe, but most registered in places like Cayman, Jersey, Gibraltar, Isle of Man, Marshall Islands and…..Switzerland.

And then do you know what will happen? Well, in the public interest, John and the jackass will take themselves off on a trip to each of these countries where, for many years they will work on uncovering, in the national interest, names of shareholders – a task taking maybe 100 years. But do not fear! When you are immortal like John and the jackass, 100 years is nothing to prove your point.

Meanwhile, David, someone like you, who is not immortal and has many other and much bigger fish to fry in the national interest (even though the jackass objects to you withholding your real name, because he wants to bray at you directly), you will simply find a sympathetic shareholder in the company and ask him/her to go, not upon appointment, but ON NOTICE to Trevor’s office and, using Trevor’s photocopier, copy the register……and then you will take it from there. But of course that process does not involve throwing your weight around and trying to be a big magufee, so it would not ever recomment itself to John and the jackass.

@ Bush Tea

I think your postings on this matter make most sense. The bottom line is that many commentators like to pick and choose pon de issues when it suit them political colour.

http://afraraymond.wordpress.com/2013/05/09/charting-our-losses-a-picture-is-worth-a-thousand-words/#comments