- Incorporation
- Constitution (Memorandum & Articles of Association)
- Shares and no par value regime
- Annual returns and financial reporting
- Execution of documents
- Accounts, audit, annual general meetings
- Boardroom excellence
- Meetings and decision making
- Enforcement data and transitional issues
Part 4 - Annual returns and financial reporting
Question 1. Decoupling of Financial Statements and Annual Return – What are the time frame for filing of Financial Statements and Annual Returns?
Answer: The Companies Act 2016 de-couples the filing requirements of audited financial statements and Annual Returns.
The audited financial statements are required to be lodged with SSM as follows:
(a) In the case of private companies, within 1 month after the audited financial statements have been circulated to members; and
(b) In the case of public companies, within 1 month after the audited financial statements have been tabled at the AGM.
The Annual Returns are required to be lodged with SSM within 30 days of the anniversary of a company’s incorporation date.
Question 2. Under Section 68(6) of the Companies Act 2016, the company is allowed to lodge a statement stating that there is no change in any of the matters stated from previous years. Is this a substitution to the company’s annual return for that particular year?
Answer: The statement issued under section 68(6) of the Companies Act 2016 means that there is no change to the matters required to be disclosed under section 68(3). The statement itself, which is signed by the director or company secretary, is sufficient as a substitute for the annual return for that particular year.
Source: SSM
