The purpose of this Bill is to amend section 343 of the Companies Act 2014 with respect to the time periods allowed for filing a company’s annual return.
Section 343(2) of the Companies Act 2014 obliges a company to deliver an annual return to the CRO no later than 28 days after the annual return date of that company. Where a company makes its annual return up to a date that is earlier than the company’s annual return date, section 343(3) obliges that company to deliver its annual return to the CRO no later than 28 days after that earlier date. This Bill will amend sections 343(2) and 343(3) of the Companies Act 2014 to extend the periods of time in both to a period of 56 days.