• Latest

Scotiabank legally no longer exists in Grenada

1 year ago

Selective shutdown of water distribution network

5 hours ago
National Cleanup Begins Friday

Strong tropical wave to bring 4–6 inches of rain

5 hours ago
Grenlec notice

Grenlec urges customers to be prepared for inclement weather

7 hours ago

Notice from NAWASA on water supply: Tropical Storm warning

8 hours ago
Weather Bulletin: Tuesday, 28 June 11 am

Weather Bulletin: Tuesday, 28 June 11 am

9 hours ago
Invitation to Bid for Suzuki Vitara

Vacancy: Facilities Supervisor

12 hours ago
Invitation to Bid for Suzuki Vitara

Vacancy: Plant Attendant

12 hours ago
Weather Bulletin: Tuesday, 28 June 8 am

Weather Bulletin: Tuesday, 28 June 8 am

12 hours ago
Olympic Day Celebrations 2022 a success

Olympic Day Celebrations 2022 a success

14 hours ago
Weather Bulletin: Tuesday, 28 June 2 am

Weather Bulletin: Tuesday, 28 June 2 am

14 hours ago
International Lightning Safety Day 28 June

International Lightning Safety Day 28 June

14 hours ago
Traffic Notice for Pure Grenada Music Festival

Traffic Notice: Dusty Highway, St George

15 hours ago
NOW Grenada
  • Front Page
  • Categories
    • General News
      • All
      • Agriculture & Fisheries
      • Arts & Culture
      • Business
      • Education
      • Environment
      • Health
      • History
      • Lifestyle
      • Law
      • Politics
      • Technology
      • Travel & Tourism
      • Weather
      • Youth
    • Sports
      • All
      • Athletics
      • Cricket
      • Football
      • Watersports
    • Community
      • All
      • Tribute
    • Crime
    • Features
      • All
      • Today in History
    • Opinion/Commentary
    • Press Releases
      • All
      • Advertisements
      • Notices
  • Video
  • Notices & Vacancies
  • Advertise
  • Contact Us
No Result
View All Result
  • Front Page
  • Categories
    • General News
      • All
      • Agriculture & Fisheries
      • Arts & Culture
      • Business
      • Education
      • Environment
      • Health
      • History
      • Lifestyle
      • Law
      • Politics
      • Technology
      • Travel & Tourism
      • Weather
      • Youth
    • Sports
      • All
      • Athletics
      • Cricket
      • Football
      • Watersports
    • Community
      • All
      • Tribute
    • Crime
    • Features
      • All
      • Today in History
    • Opinion/Commentary
    • Press Releases
      • All
      • Advertisements
      • Notices
  • Video
  • Notices & Vacancies
  • Advertise
  • Contact Us
No Result
View All Result
NOW Grenada
No Result
View All Result

Scotiabank legally no longer exists in Grenada

This story was posted 1 year ago
29 March 2021
in Business
2 min. read
Share

by Linda Straker

  • Notice of Cancellation of External Company printed in 26 March 2021 Government Gazette
  • Bank of Nova Scotia legally ceased to exist with effect from 11 March
  • Bank of Nova Scotia operations acquired by Republic Bank Financial Holdings Limited

As of 11 March 2021, the Company Register at the Corporate Affairs and Intellectual Property Office (CAIPO) advised that the Bank of Nova Scotia (Scotiabank) legally ceased to exist and its records will be placed in the archives.

“Notice is hereby given that in accordance with the Companies Act of Grenada, Cap. 58A of the Continuous Revised Edition of the Laws of Grenada, 2010 the following Company has been cancelled off the Register of Companies pursuant to Section 352 of the Act with effect from 11th March 2021 The Bank Of Nova Scotia,” said a Notice of Cancellation of External Company printed in the 26 March 2021 Government Gazette.

Scotiabank was registered as External Company Number 4 of 1963-211.

The Companies Act mandates that when an external company ceases to carry on its business in Grenada, the company shall file a notice to that effect with the Registrar, who shall thereupon cancel the registration of the company under this Act. “If an external company ceases to exist and the Registrar is made aware of that circumstance by evidence satisfactory to him or her, the Registrar may cancel the registration of the company under this Act,” states subsection 2 of section 352.

On 16 October 2019, Prime Minister and then Minister of Finance, Dr Keith Mitchell, became the first regional leader to sign the vesting order required to facilitate the acquisition of the Bank of Nova Scotia operations by Republic Bank Financial Holdings Limited.

The planned acquisition was first announced in 2018, and in September of 2019, the Eastern Caribbean Central Bank (ECCB) in consultation with the ECCB Monetary Council approved the application for the transfer of Scotiabank’s assets and liabilities in Grenada and 5 other Caribbean countries.

Scotiabank’s Grenada operations have been merged with the Group’s existing subsidiary in Grenada, Republic Bank (Grenada) Limited. The acquisition at the time of the announcement added US$1.5 billion to the Group’s total assets and US$20 million to its net profit.

NOW Grenada is not responsible for the opinions, statements or media content presented by contributors. In case of abuse, click here to report.
Tags: corporate affairs and intellectual property officelinda strakerrepublic bankscotia bankscotiabank
Next Post

Karline Purcell is Deputy CEO at CBI programme

Comment on post Cancel reply

Please enter your valid email address.
Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

© NOW Grenada. All Rights Reserved. Published by Aqua Design Inc. | Terms of Use | Privacy Policy

No Result
View All Result
  • Front Page
  • Categories
    • General News
      • All
      • Agriculture & Fisheries
      • Arts & Culture
      • Business
      • Education
      • Environment
      • Health
      • History
      • Lifestyle
      • Law
      • Politics
      • Technology
      • Travel & Tourism
      • Weather
      • Youth
    • Sports
      • All
      • Athletics
      • Cricket
      • Football
      • Watersports
    • Community
      • All
      • Tribute
    • Crime
    • Features
      • All
      • Today in History
    • Opinion/Commentary
    • Press Releases
      • All
      • Advertisements
      • Notices
  • Video
  • Notices & Vacancies
  • Advertise
  • Contact Us

Copyright NOW Grenada

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings. Visit our Privacy Policy | Terms of Use.

Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Visit our Privacy Policy | Terms of Use.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.