The Business Groups Incorporation Act provides for:

• the incorporation of customary groups for business and other economic purposes; and

• the control and regulation of the conduct of business by such groups, and for related purposes.

 

The purpose of the Act is to provide:

• greater participation by local people in the national economy by the establishment of group business and other economic enterprises;

• for the use of sound principles in the management of business; and

• some format structure of business groups for the basic protection of the members of business groups and persons dealing with those groups; and

• for the use of simple rules for the regulation and control of business groups; and

• for the better and more effective settlement of certain disputes, by

• the incorporation of certain customary and similar groups, and conferring on them, as corporation, power to:

       (i) conduct business enterprises; and           

       (ii) borrow money; and

       (iii) acquire, hold, dispose of and manage land, and of ancillary powers; and

         the encouragement of self-resolution of disputes within such groups, without requiring recourse to non-traditional courts.

How to Incorporate a Business Group

Under the Business Groups Incorporation Act Chapter 144 an Application for Incorporation consists of four (4) forms:

• Form A: Application for Incorporation;

• Form B: Comments by the Proposed Dispute Settlement Authority for the proposed "__________ Business Group (Inc)" as required by Section 12 (1)(a) of the Act;

• Form C: Comments by Business Development Officer; and

• Form D: Draft Constitution

Download Forms

Form A-D. Application for Incorporation
Form 6.     Statement of Assets and Liabilities

The Forms are in PDF format which can be viewed/printed with the free Adobe Acrobat Reader