Cap. 630 Art. 19Annual Return to be filed with the Regulator.

(1) A social enterprise organisation shall submit the annual return found in the Fourth Schedule to the Regulator by the end of each calendar year. In default, there shall be a penalty of twenty-five euro (€25) for each month of delay. In the event of non-compliance for a year, the registration of the social enterprise organisation shall be duly cancelled and all benefits shall be refunded and reimbursed immediately.

(2) The annual return for social enterprise organisations shall cover a calendar year from the first day of January to the thirty first day of December of each year:

Provided that:

(a) if a social enterprise organisation was registered between the first day of January and the thirtieth day of September of any year, it shall file the annual return normally but such annual return shall, for the first year only, cover a period of less than twelve months since its registration;

(b) if a social enterprise organisation was registered between the first day of October and the thirty-first day of December of any year, it shall not file an annual return for its first year of registration but it shall file, for the second year only, an annual return up to the thirty-first day of December following the year of registration for a period over twelve months but not exceeding fifteen months.

(3) The annual return and all the required documents relating to a social enterprise organisation shall be filed by not later than the thirtieth day of April of the following year.