COMPANIES ACT - 1963 (ACT 179)

    Section - 122 - Annual Return

    Third Sch.

    (1) Every company shall, once at least in every year, deliver to the Registrar for registration an annual return including particulars of every member of the company, and in the form and relating to the matters prescribed in the Third Schedule to this Code:

    Provided that a company need not make a return under this section,

    (a) in the year of its incorporation; or

    (b) in any year ending less than eighteen months after the date of its incorporation, so long as it makes a return within forty-two days after the first despatch to its members and debentureholders of the statements, accounts, and reports referred to in section 124 of this Code.

    (2) The annual return shall be completed and made within forty-two days of the date on which the statements, accounts, and reports of the company are sent to the members and debentureholders pursuant to section 124 of this Code, and shall be signed by a director and the secretary of the company.

    (3) The return shall state the position as at the date of the annual general meeting of the company or, if the holding of an annual general meeting is waived in accordance with subsection (3) of section 149 of this Code, as at the twenty-first day after the despatch of the documents referred to in subsection (2) of this section.

    (4) The Registrar, after registering the annual return, shall cause to be published in the Gazette a notice that the annual return in respect of the company has been registered.

    (5) In the case of a private company the annual return shall be accompanied by the documents specified in section 269 of this Code and in the case of a public company by the documents specified in section 295 of this Code.

    (6) If a company makes default in complying with this section, the company and every officer of the company who is in default shall be liable to a fine not exceeding five pounds for every day during which the default continues.

    Part N-Accounts and Audit