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This profile was last updated on 5/24/15  and contains information from public web pages.

Miss Shellie Leon

Wrong Miss Shellie Leon?

Employment History

  • Deputy Chief Executive Officer
    Companies Office of Jamaica
  • Deputy Director
    Companies Office of Jamaica
  • Deputy Chief Executive Officer
    Office of the Registrar of Companies
  • Deputy Chief Executive Officer Director
    Office of the Registrar of Companies
  • Member, Office of the Registrar
    Office of the Registrar of Companies
26 Total References
Web References
Contributed Chief Executive Officer, of ..., 24 May 2015 [cached]
Contributed Chief Executive Officer, of the Companies Office of Jamaica, Judith Ramlogan (left) and her deputy Shellie Leon (right), providing details on changes to the Security Interests in Personal Property (SIPP) Registry, at a JIS Think Tank late last week.
According to deputy chief executive officer at COJ, Shellie Leon, users of the registry will now need an account to access certain information and carry out a search.
"Initially, anybody could go on the registry and do a public search; however, members of the public felt that there may be an invasion of their privacy," Leon told the JIS Think Tank.
"So, what the COJ and the Government of Jamaica have done, in order to balance the interest of the public and the ease of giving credit, is to allow public searches, but to do this on a restricted basis ... so persons will have to create an account before they can go on the registry and do a search," she informed.
Leon explained that the searches would now be done through a two-tiered system.
"So when someone logs on, the first level of information that they can get is the name of the debtor and a description of the collateral and information relating to the secured, which is the person, who grants the loan ... so they will be able to get that person's name and contact information," she said.
The second tier of search takes place upon the payment of a fee, and will grant more information with a more detailed description of the asset, the amount borrowed and other information in regard to the loan.
Leon pointed out that the imposition of a fee is intended to ensure that only persons who have a serious interest and a valid reason to search will proceed to this second tier.
She said the changes that have been implemented seek to ensure that whoever goes on the site can be traced, as in order to set up an account, persons must present their Tax Registration Number (TRN) as well as date of birth.
"So when you enter that information, this will be validated against the TRN database and give some level of assurance that the person who is creating the account is indeed one and the same person," she added.
According to Leon, the changes involved the input of several stakeholders, including customer interest groups, financial institutions, microlenders, COJ and other government entities, which made submissions in terms of recommendations and solutions.
«'I am a survivor' - She ran for her life at 13 straight into the arms of a 22-y-o man and now uses her 'hell' to empower other girls
Ziplaw Legal News: Business owners now face jail time for letterheads, ads, 9 Sept 2007 [cached]
"Even putting up a sign without being registered, you can be fined," explained COJ deputy director Shellie Leon."That is advertising."
Leon told Sunday Finance that anybody, in any way, doing business and advertising in a name other than their true christian and surnames are liable for prosecution, if they are not duly registered with the COJ.In the case of partnerships, all parties are obliged to become registered, as each owner would be subject to the law, according to Leon.The provision, she said, was accepted November last year.
According to Leon, the legislation was designed to protect business people, as well as third parties doing transactions with these businesses.
"It provides greater protection, proof of ownership and enable business owners to institute lawsuits," she said, adding that in many instances there was no recourse for people doing business with unregistered businesses."Third parties, many times, pay for a service that is not delivered and there is no recourse.In addition, operating business partners, at times, fall out with no proof under law of their obligations," Leon statedLeon dismissed as baseless concerns from some business people that the legislation is designed to be used as a mechanism in tax gathering.
"The COJ is not a tax collection agency, she said, adding however that "people should do what is required" regarding statutory deductions.Tax compliance, she emphasised, was not the aim of the legislation or the duty of the COJ.
"In fact, the tax office has more information on informal operators than we do," she said.In the meantime small business operators could, in the short term, be required to present COJ registration certificates for loan applications and transactions with financial institutions.
"There are many financial institutions that are aware of the changes.They have been advised and I do believe they will implement some measures soon," said Leon.
New Companies Act to Enhance Business Environment - Jamaica Information Service [cached]
Deputy Chief Executive Officer at the Office of the Registrar of Companies (ORC), Shellie Leon told JIS News, that the updated law, would seek to bring Jamaica in line with the legislative provisions of other CARICOM territories and as such, would help to facilitate smooth functioning of the CARICOM Single Market and Economy (CSME), scheduled for implementation in 2005.
Highlighting the changes to the old 1965 law at a JIS Think Tank session recently, Miss Leon pointed out that the 2004 Act made the formation process for new companies "more simple."
"Under the current law, you would have to file a Memorandum of Association, Articles of Association and a Declaration of Compliance to form a limited liability company, but, under the Companies Act 2004, only two documents are filed," she explained.
The two documents are the Declaration of Compliance and the Articles of Incorporation.The Deputy CEO pointed out that whilst the Memorandum of Association listed extensively, the objects and powers of a company, the Articles of Incorporation was a shorter document, which took less time to prepare and therefore, minimised on the number of mistakes that could occur.
Additionally, there is now greater convenience in the formation of a company as the new law makes it possible for only one person to do so.According to Miss Leon, the formation of a private company required between two and 20 individuals, while seven or more persons were required to form a public company under the current law.However, the Companies Act of 2004 now gives credence to one-man companies and the law no longer requires that more than one person start the business.
"The Companies Act is taking into account the reality of modern-day circumstances," Miss Leon explained, adding that "the reality is you have many one-man companies that just only use another person (a nominee) to hold the share".
In addition, with the 2004 Act, persons wishing to form companies are able to reserve a name for the business for 90 days, thereby prohibiting anyone else from assuming that name during the period.Previously, a company's name could be taken by a subsequent applicant, even whilst the registration process was being carried out.
In another provision, greater freedom and power has been granted to limited liability companies "to do anything that a natural person can do", the Deputy CEO said.This means that, "previously, a company can only do what is set out in its Memorandum of Association, therefore, if some things were not listed . then that company could not do those things", Miss Leon explained.
She added that if the company did something that was not listed in the Memorandum, it would be deemed to have acted ultra vires, that is, acted outside of its stated powers.
In addition to the ultra vires doctrine in the 1965 Act, there is also a policy known as the doctrine of constructive notice.The abolition of this doctrine, Miss Leon pointed out, would promote greater transparency and accountability in a company's operation.
The doctrine of constructive notice means that once a document is filed at the ORC by a company, a third party doing business with that company is deemed to be aware of its content, whether or not such person had actually gone to examine it.
According to the new Act, it is not enough to conclude that a third party is aware of a document simply because it is public record.Miss Leon noted that the Companies Act of 2004, "has removed that disability and has made it easier for third parties to do business with companies".She said that greater accountability and transparency were now encouraged, as companies would be required to be open about what they do."You cannot rely on the fact that you have this document in a public place and that it is up to the parties dealing with you to view this document," she stressed.
Further promoting a healthy and sound business environment, the 2004 Act relates to the codifying of the duties of Directors within the legislation.According to Miss Leon, the standard (for Directors) has been heightened and their duty now, was that "they should act honestly in good faith and to exercise due care and skill that a reasonable person in a comparable position would exercise".She noted that previously, the standard observed by various Directors were subjective.
RJR Business News, 28 Jan 2005 [cached]
Deputy CEO of the ORC, Shellie Leon says over 1,000 companies have taken advantage of the amnesty.
RJR Business News [cached]
Deputy Chief Executive Director of the ORC, Shellie Leon, says that while the number of filings has been moderate, there have been scores of queries from the directors of delinquent firms.
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