All sections · Part VIII: Administration · Sub-Part III: General Provisions
171 Annual return
This section has been amended. The text above is the 2016 wording; the amending provisions follow.
(1) Subject to subsection (2) every company shall, by no later than 31st
December in every year after the year in which it was incorporated or
continued, or converted into a company, under this Act, furnish to its
registered agent in Seychelles an annual return by way of a declaration in
the approved form signed by or on behalf of the company and containing
the information referred to in the Sixth Schedule.
(2) For the purposes of this section, a former Act company‘s date of
incorporation under this Act shall be deemed to be its date of
incorporation or continuation, or conversion into a former Act company,
under the former Act.
(3) A company shall not provide a false or misleading return under
subsection (1).
(4) A company that contravenes subsection (1) shall be liable to a penalty fee
of US$500.
(5) A company that contravenes subsection (3) commits an offence and is
liable on conviction to a fine not exceeding US$5,000.
December in every year after the year in which it was incorporated or
continued, or converted into a company, under this Act, furnish to its
registered agent in Seychelles an annual return by way of a declaration in
the approved form signed by or on behalf of the company and containing
the information referred to in the Sixth Schedule.
(2) For the purposes of this section, a former Act company‘s date of
incorporation under this Act shall be deemed to be its date of
incorporation or continuation, or conversion into a former Act company,
under the former Act.
(3) A company shall not provide a false or misleading return under
subsection (1).
(4) A company that contravenes subsection (1) shall be liable to a penalty fee
of US$500.
(5) A company that contravenes subsection (3) commits an offence and is
liable on conviction to a fine not exceeding US$5,000.
Amended since 2016
Act 32 of 2021 · 2021-08-02
36. Section 171 of the principal Act is amended —
(i) by inserting after subsection (1), the following subsection —
“(1A) An annual return, in the case of a former Act
company, to be furnished —
(a) for any year before 2018 shall contain either
the information referred to in the Sixth
Schedule or the information referred to in
section 119 of the former Act; and
(b) for the year 2018 and onwards shall contain
the information referred to in the Sixth
Schedule.”;
(ii) in subsection (4), by repealing the words “of US$500”, and
substituting therefor the words “not exceeding US$5,000”.
(i) by inserting after subsection (1), the following subsection —
“(1A) An annual return, in the case of a former Act
company, to be furnished —
(a) for any year before 2018 shall contain either
the information referred to in the Sixth
Schedule or the information referred to in
section 119 of the former Act; and
(b) for the year 2018 and onwards shall contain
the information referred to in the Sixth
Schedule.”;
(ii) in subsection (4), by repealing the words “of US$500”, and
substituting therefor the words “not exceeding US$5,000”.
Act 63 of 2021 · 2021-12-20
(b) Section 171 of the principal Act is hereby repealed.
