Charlestown,Nevis
March 05, 2008
Minister of Land and Housing in the Nevis Island Administration (NIA) the Hon. Robelto Hector supported a Bill to amend the Company Ordinance of 1999, in a stated position made during the Nevis Island Assembly held on Thursday 28th February 2008.
Mr. Hector said he supported the Bill and was happy that the Mover of the Bill came before Parliament to seek support of his government ministers for stamp duties to be paid when shares are transferred.
The Bill as it stood required for amendments to be made to the 1999 Company Ordinance and Section 7 of the Amendment was used which showed where a $250 fee would be sought instead of the 1999 Bill that stipulated a $50 charged fee.