All sections · Part VIII: Administration · Sub-Part IV: Accounting Records
175 Localização e armazenamento das contas
This section has been amended. The text above is the 2016 wording; the amending provisions follow.
(1) A contabilidade de uma empresa deve ser mantida em sua sede social ou em qualquer outro lugar que os diretores julguem conveniente.
(2) Quando os registros contábeis de uma empresa forem mantidos em um local diferente de sua sede social, a empresa deverá informar por escrito a seu agente registrado o endereço físico daquele local.
(3) Se o local onde os registros contábeis de uma empresa são mantidos for alterado, a empresa deverá notificar seu agente registrado por escrito sobre o endereço real do novo local dos registros dentro de 14 dias após a mudança de local.
(4) Os registros contábeis devem ser mantidos pela Empresa por pelo menos 7 anos após a conclusão das transações ou operações a que se referem em cada caso.
(5) Uma empresa que infringe esta seção comete uma infração e é responsável, em caso de condenação, por uma multa não superior a 2.500 dólares.
(2) Quando os registros contábeis de uma empresa forem mantidos em um local diferente de sua sede social, a empresa deverá informar por escrito a seu agente registrado o endereço físico daquele local.
(3) Se o local onde os registros contábeis de uma empresa são mantidos for alterado, a empresa deverá notificar seu agente registrado por escrito sobre o endereço real do novo local dos registros dentro de 14 dias após a mudança de local.
(4) Os registros contábeis devem ser mantidos pela Empresa por pelo menos 7 anos após a conclusão das transações ou operações a que se referem em cada caso.
(5) Uma empresa que infringe esta seção comete uma infração e é responsável, em caso de condenação, por uma multa não superior a 2.500 dólares.
Translation for information only. Only the English original is legally binding.
Original wording (English, legally binding): Location and preservation of accounting records
(1) A company‘s accounting records shall be kept at its registered office or
such other place as the directors think fit.
accounting records
(2) Where a company‘s accounting records are kept at a place other than its
registered office, the company shall inform its registered agent in writing
of the physical address of that place.
(3) Where the place at which a company‘s accounting records are kept is
changed, the company shall inform its registered agent in writing of the
physical address of the new location of the records within 14 days of the
change of location.
(4) The accounting records shall be preserved by the company for at least 7
years from the date of completion of the transactions or operations to
which they each relate.
(5) A company that contravenes this section commits an offence and is liable
on conviction to a fine not exceeding US$2,500.
such other place as the directors think fit.
accounting records
(2) Where a company‘s accounting records are kept at a place other than its
registered office, the company shall inform its registered agent in writing
of the physical address of that place.
(3) Where the place at which a company‘s accounting records are kept is
changed, the company shall inform its registered agent in writing of the
physical address of the new location of the records within 14 days of the
change of location.
(4) The accounting records shall be preserved by the company for at least 7
years from the date of completion of the transactions or operations to
which they each relate.
(5) A company that contravenes this section commits an offence and is liable
on conviction to a fine not exceeding US$2,500.
Amended since 2016
Act 32 of 2021 · 2021-08-02
39. Section 175 of the principal Act is amended —
(i) by repealing subsection (1), and substituting therefor the
following subsections —
“(1) For the purpose of this section, the term —
(a) “large company” means a company which meets
the annual turnover threshold specified for a
“ l a rg e b u s i n e s s ” u n d e r t h e R e v e n u e
Administration Act;
(b) “holding company” means company with no trade
or business operations of its own, but holding
interests in other companies or assets.
(1A) In the case of a company which is —
(a) a holding company; and
(b) not a large company,
the company shall, where its accounting records are
kept outside Seychelles, lodge, not less than on a bi-
annual basis, the accounting records at the company's
registered office in Seychelles, provided that any
accounting records, whether outside Seychelles or not,
shall be presented to the Seychelles authorities on
request.
(1B) In the case of a company other than a company not
specified under subsection (1A), the company shall —
(a) prepare an annual financial summary to be kept at
its registered office in Seychelles within 6 months
from the end of the company's financial year; and
(b) where its accounting records are kept outside
Seychelles, lodge, not less than on a bi-annual
basis, the accounting records at the company's
registered office in Seychelles, provided that any
accounting records, whether outside Seychelles
or not, shall be presented to the Seychelles
authorities on request.
(1C) The financial year of a company shall be the calendar
year, unless it is changed by a resolution of directors
and notified to the company's registered agent within
14 days of the passing of the resolution.
(1D) The Registrar may issue written guidelines regarding
the implementation of the obligations relating to
accounting records.”
(ii) by repealing subsection (2), and substituting therefor the
following subsections —
“(2) It shall be sufficient compliance with subsection
(1A) and (1B), if a copy of the accounting records and
financial summary is kept at the company's registered office
in electronic form.
(2A) Where a company keeps a copy of its accounting
records at its registered office, the company shall inform its
registered agent in writing of the physical address of the place
where the original accounting records are kept.”;
(iii) in subsection (3), by repealing the word “company's
accounting records” and substituting therefor the words
“company's original accounting records”;
(iv) by repealing subsection (5), and substituting therefor the
following subsections —
“(5) A company that contravenes this section shall be
liable to a penalty fee not exceeding US$10,000.
(6) A director who knowingly permits a contravention
under this section shall be liable to a penalty fee not exceeding
US$10,000.”.
(i) by repealing subsection (1), and substituting therefor the
following subsections —
“(1) For the purpose of this section, the term —
(a) “large company” means a company which meets
the annual turnover threshold specified for a
“ l a rg e b u s i n e s s ” u n d e r t h e R e v e n u e
Administration Act;
(b) “holding company” means company with no trade
or business operations of its own, but holding
interests in other companies or assets.
(1A) In the case of a company which is —
(a) a holding company; and
(b) not a large company,
the company shall, where its accounting records are
kept outside Seychelles, lodge, not less than on a bi-
annual basis, the accounting records at the company's
registered office in Seychelles, provided that any
accounting records, whether outside Seychelles or not,
shall be presented to the Seychelles authorities on
request.
(1B) In the case of a company other than a company not
specified under subsection (1A), the company shall —
(a) prepare an annual financial summary to be kept at
its registered office in Seychelles within 6 months
from the end of the company's financial year; and
(b) where its accounting records are kept outside
Seychelles, lodge, not less than on a bi-annual
basis, the accounting records at the company's
registered office in Seychelles, provided that any
accounting records, whether outside Seychelles
or not, shall be presented to the Seychelles
authorities on request.
(1C) The financial year of a company shall be the calendar
year, unless it is changed by a resolution of directors
and notified to the company's registered agent within
14 days of the passing of the resolution.
(1D) The Registrar may issue written guidelines regarding
the implementation of the obligations relating to
accounting records.”
(ii) by repealing subsection (2), and substituting therefor the
following subsections —
“(2) It shall be sufficient compliance with subsection
(1A) and (1B), if a copy of the accounting records and
financial summary is kept at the company's registered office
in electronic form.
(2A) Where a company keeps a copy of its accounting
records at its registered office, the company shall inform its
registered agent in writing of the physical address of the place
where the original accounting records are kept.”;
(iii) in subsection (3), by repealing the word “company's
accounting records” and substituting therefor the words
“company's original accounting records”;
(iv) by repealing subsection (5), and substituting therefor the
following subsections —
“(5) A company that contravenes this section shall be
liable to a penalty fee not exceeding US$10,000.
(6) A director who knowingly permits a contravention
under this section shall be liable to a penalty fee not exceeding
US$10,000.”.
Act 63 of 2021 · 2021-12-20
(d) Section 175 of the principal Act is amended —
(i) in subsection (1B), in the opening paragraph, by
repealing the word “not” after the words “other than a
company”;
(ii) by repealing subsection (2A) and substituting therefor
the following subsection —
“(2A) Where a company —
(a) keeps a copy of its accounting
records at its registered office;
(b) keeps its original accounting records
in Seychelles at a place other than at
its registered office,
the company shall notify in writing its registered agent
of the physical address of the place where the original
accounting records are kept.
(i) in subsection (1B), in the opening paragraph, by
repealing the word “not” after the words “other than a
company”;
(ii) by repealing subsection (2A) and substituting therefor
the following subsection —
“(2A) Where a company —
(a) keeps a copy of its accounting
records at its registered office;
(b) keeps its original accounting records
in Seychelles at a place other than at
its registered office,
the company shall notify in writing its registered agent
of the physical address of the place where the original
accounting records are kept.
