• Section 7: Section 7: Annual Return

    • Article 47 - Duty to deliver annual returns

      (1) Every LLC shall deliver to the CRO successive annual returns each of which is made up to a date not later than the date which is from time to time the "return date" of the LLC, that is:
      (A) the anniversary of the incorporation of the LLC; or
      (B) if the last return delivered by the LLC in accordance with this Article 47 was made up to a different date, the anniversary of that date.
      (2) Each annual return shall:
      (A) be in the Prescribed Form;
      (B) contain the information required by Article 48;
      (C) be signed by a director or secretary of the LLC; and
      (D) be delivered to the CRO together with payment of the Prescribed Fee.
      (3) If an LLC fails to deliver an annual return in accordance with this Article 47 before the end of the period of 28 days after the return date, the LLC shall be in contravention of these Regulations. The contravention continues until such time as an annual return made up to that return date and complying with the requirements of Article 47(2) (except as to date of delivery) is delivered by the LLC to the CRO.
      (4) Where an LLC is in contravention of these Regulations under Article 47(3) every director of the LLC is similarly liable unless he shows that he took all reasonable steps to avoid the commission of or the continuance of the contravention of these Regulations.
      (5) This Article does not apply to an LLC that is a Collective Investment Fund.
      Amended (as from 5th April 2015).

    • Article 48 - Contents of annual return

      Every annual return shall state the date to which it is made up and shall contain the following information:

      (1) In respect of each class of Members, the Name and Address of each Member of the LLC holding more than 1% in nominal value of all the issued shares of that class;
      (2) the Name, Address, nationality, date of birth and Business occupation of each of the directors and the secretary of the LLC;
      (3) the registered office of the LLC;
      (4) the authorised and issued share capital of the LLC;
      (5) the principal Business activities of the LLC in the year in question;
      (6) the Name and Address of the auditor of the LLC; and
      (7) any other information as may be prescribed by the CRO.
      Amended (as from 5th April 2015).