We take care of your business and company compliances to ensure you stay compliant at all times and you do not incur unnecessary fines or penalties.

Annual Registration Fees

Every company, société commerciale, limited partnership, limited liability partnership and foundation is required to pay its respective annual registration fee in January every year.

The payment can be made by cash at the office of the registrar, by cheque or online.

A penalty is applicable for late payment of the annual registration fee.

Trade Fees

Businesses are exempted from payment of trade fee for a specific activity where the fee is less than Rs 5,000 save and except the classified trade is regulated by the Excise Act or the Gambling Regulatory Authority Act.

Trade fees exceeding Rs 5,000 may be paid in 2 equal instalments. The first instalment is paid in January and the second instalment before 30 June.

The payment can be made in cash at the office of the Corporate and Business Registration
Department (CBRD), by cheque or online.

Financial Statements

Financial statements shall be completed within 6 months after the balance sheet date of the company.

The financial statements shall be dated and signed by 2 directors of the company or by the sole director.

Every company shall ensure that the financial statements are filed with the Registrar for registration within 28 days after the financial statements have been signed.

A copy of the auditor’s report shall also be filed.

A copy of the annual report to be sent to shareholders shall also be filed.

Small Companies

A small private company shall file with the Registrar for registration with the annual return required to be registered under section 223, a financial summary containing the information set out in the Ninth Schedule or the financial statements in accordance with section 211.

An enterprise, not having net assets or having net assets not exceeding 50 million rupees or such other amount as may be prescribed, and which has an annual turnover not exceeding 20 million rupees, incorporated as a company under this Act and registered under the Small and Medium Enterprises Development Authority Act on or after 2 June 2015 –

(a) shall be exempt from filing with the Registrar for registration its financial summary for a period of 8 years from the date of its incorporation;

(b) after the expiry of the period referred to in paragraph(a), may file with the Registrar for registration a financial summary prepared on a cash basis showing a profit and loss statement only.

A small private company which has an annual turnover not exceeding 20 million rupees may file with the Registrar for registration a financial summary prepared on a cash basis showing a profit and loss statement only.