Transitioning between service providers and ending a business relationship can present significant challenges, especially when seeking to maintain seamless operations. At Aston & Williams, we offer expert relationship management and strategic guidance to clients looking to convert their companies from the 2006 Act to the 1931 Act. Our goal is to ensure a smooth, efficient transition with minimal disruption to day to day operations.

 

Our primary focus is to support clients throughout the transition process, facilitating a positive and seamless shift to independent operations that promotes long term success.

 

Converting a company from the 2006 Act to the 1931 Act in the Isle of Man involves a formal procedure governed by the Isle of Man Companies Act 2006 and the Companies (Amendment) Act 1931. This process typically requires a detailed review of the company’s status, the drafting of specific resolutions and amendments to Articles of Association, followed by approval from both the Board of Directors and Shareholders. All relevant intentions and notifications must then be submitted to the Companies Registry for review and approval.

 

In all cases, a step by step process is followed, ensuring compliance with any regulated or licensable administrative activity that requires the involvement of the Corporate Service Provider. We strongly recommend a preliminary consultation to discuss strategy and assess any potential tax, legal, or compliance considerations before proceeding with a conversion.

 

With our expertise, we ensure a smooth transition while maintaining full compliance with legal and regulatory requirements.

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