Company Annual Returns Filing in Kenya.
Section 125 of the Companies Act stipulates that every company having a share capital shall, once at least in every year, make a return, and the said return shall be in the form and shall be made up to the date of the fourteenth day after the date of the AGM.
WHY FILE ANNUAL RETURNS?
Every registered company in Kenya has to file with the registrar of companies annual returns to show the current status of the company.
Annual returns highlight:
-The structure of the company,
-The division of shares,
-The Nominal capital,
-The names and addresses of the directors and shareholders in the company.
-The current registered office of the company and details of the company secretary.
How to file returns for a limited company in Kenya.
After registration, the first annual return should be done exactly One year and 6 months from the date of registration, thereafter file the returns annually.After filling the annual return form,the form is certified by the company secretary and then uploaded to ecitizen account of one of the directors.
CONTENTS OF AN ANNUAL RETURN FORM
• Postal Address of registered office.
• Situation of Registers of Members and Debenture-holders.
• Summary of Share Capital and Debentures
• Particulars of Indebtedness
• List of Past and Present Members
• Particulars of Directors and Secretaries
What happens when annual returns are not filed?
The company is at the risk of being penalized and also risks being struck off the register of companies.
At JAMII CAPITAL LIMITED we assist you in the preparation, execution and filing of your company annual returns.
Contact us on 0705-507-660