Filing an Annual Return

Steps

  1. File the duly completed form within 30 working days from the date of Annual General Meeting/Resolution.
  2. Easy to pay online now using tax department website

In terms of the Section 131 of the Companies Act No. 07 of 2007, every company should at least once in every year deliver to the Registrar General of Companies an annual return in the prescribed form.

Note:

      1. The annual return should be completed, made up to the 14th day after the Annual General Meeting of the Company or resolution in lieu of the meeting (if articles so provide) and within 30 working days from the Annual General Meeting for the year whether or not that meeting is the first or only meeting of the shareholders in the year. In addition all companies except private companies must forward a copy of financial statements together with the Auditors’ report for registration to the Department of Registrar of Companies within twenty working days of the said statement being signed as provided for in Section 170(1) of the Companies Act.
        (The provisions of this section shall not apply to a company in the year of its incorporation)
      1. If a company fails to comply with the above requirements
        1. the company shall be guilty of an offence and be liable on conviction to a fine not exceeding one hundred thousand rupees ; and
        1. every officer of the company who is in default shall be guilty of an offence and be liable on conviction to a fine not exceeding fifty thousand rupees.
      1. Every private company should send
        1. a declaration signed by the directors of the company to the effect that to the best of their knowledge and belief, they have done all things required to be done by them by or under the Act;
        1. a certificate signed by a director and by the secretary of the company
          1. that the company has not since the date of the last return or in the case of a first return, since the date of the incorporation of the company, issued any invitation to the public to subscribe for any shares or debentures of the company;
          1. where the annual return discloses the fact that the number of shareholders of the company exceeds fifty, that the excess consists wholly of persons who under section 27, are not to be taken into account in relation to that limit to the Registrar of Companies with its annual return.

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