S.L. 234.42 Art. 80Annual return.

(1) Every company shall upon each anniversary of its registration, make a return in the form set out in the Fifth Schedule showing the matters therein specified and made up to the date of such anniversary: Provided that -

(a) where a company was, immediately before the coming into force of these regulations in default with respect to the delivery of one or more annual returns, this regulation shall not affect the obligation of the company to make such a return or returns or the payment of any penalty arising from such a default;

(b) where a company has converted any of its shares into stock and registered the conversion as provided in regulation 20, the list of past and present members shown in Part 3 of the Fifth Schedule, shall state the amount of stock held by each of the existing members instead of the amount of shares and the particulars relating to shares required by that part.

(2) The annual return, duly completed, shall be signed by at least one director of the company and forwarded to the Registrar for registration within forty-two days after the date to which it is made up.

(3) If default is made in complying with the provisions of this regulation, every officer of the company who is in default shall be liable to a penalty, and, for every day during which the default continues, to a further penalty.