S.L. 16.7 Art. 4Declaration.

(1) For the calculation by the Registrar of the value of the assets which may exist within an organisation at the date of registration or the value of the assets at the date when the annual fee is due, the administrators shall submit a declaration in writing declaring such value. Such declaration shall be based on the latest accounts of the organisation and may be adjusted by material events, which may be known to the administrators, which have affected the value of the assets held by the organisation at the relevant time. In the event that it is not possible to calculate the value of the assets of the organisation as aforesaid, the applicable fee shall be the maximum fee applicable in terms of the Schedule.

(2) When the organisation has established any cell, the value of assets for the purposes of these regulations and the payment of the relative initial and annual registration fees shall be calculated separately and shall apply to each cell independently of the organisation itself and of other cells.

(3) The Registrar shall rely on such declaration made by the administrators.

(4) For the determination as to whether an organisation is enrolled, or is in the process of being enrolled, with the Commissioner for Voluntary Organisations, the Registrar shall rely on a certified copy of the certificate of enrolment or in its absence a declaration by the administrators of the organisation.

(5) If an organisation which was in the process of being enrolled as a voluntary organisation does not subsequently become enrolled for any reason, the administrators shall notify the Registrar of such event in writing within three months of a final decision against enrollment of the organisation as a voluntary organisation and the difference in fees due shall be paid to the Registrar in accordance with these regulations.

(6) Should the administrators make any false declaration or fail to give notice with regard to the matters stated in this regulation, the administrators shall be jointly and severally liable with the organisation for the difference in fees due and this apart from any other sanction to which they may be subject under applicable law.