Most people confuse between the K.R.A Annual Income tax Returns and Attorney Generals Annual Returns.
Lets try to make you understand what we mean by Attorney Generals Annual Returns.
Annual returns is a statutory document that every registered company in Kenya has to file with the registrar of companies to show the “current” status of the company.
Annual returns highlight the changes that have occurred in the structure of the company during the year such as: the shareholding, the division of shares, the Nominal capital, the directorship and shareholders in a company. The current registered office of the company and details of the company secretary.
Having duly registered your company with the registrar of companies,you are ready to start off.
All Companies should file the first annual return exactly One year and 6 months after incorporation.
Thereafter, the company has to file annual returns every other one year. Returns are filed by filling out a Form 1.Annual return form. The form should then be certified by the company secretary and uploaded to ecitizen.
Where a company annual returns are not filed in time,The registrar levies and Penalty on the company. In the event of any changes in the company structure or in case of any business that requires the registrar to register any external documents like charges, mortgages etc. Where an annual returns is not filed. The registrar shall not process such requests. The company also risks being struck off the register of companies
At Jamii Capital Limited we are here and ready to help you in the process of filing your company’s annual returns.
Contact us today