ANNUAL GENERAL MEETINGS OF PUBLIC COMPANIES

The Companies Act (Public Companies - Annual General Meetings Regulations), 2020 is applicable to those public companies (hereinafter referred to as “company/companies”) whose annual general meeting was due during the global COVID-19 pandemic. Such regulations apply to those companies who have more than six (6) shareholders and due to the closing of certain venues and…

Disqualified Directors and Disqualification of Directors

The Registrar of Companies would like to inform the general public that by virtue of Act No. XXXI of 2020 Article 142 and Article 320 of the Companies Act have been amended. A person that has been convicted of any of the crimes affecting public trust or of theft or fraud or of knowingly receiving…

Companies Act (Shipping and Aviation Cell Companies) Regulations

The Minister for Economy, Investment and Small Businesses issued new regulations under the Companies Act entitled the Companies Act (Shipping and Aviation Cell Companies) Regulations. The purpose of these regulations is to create a new structure to be used by companies operating in the shipping and aviation field by means of cell companies. After the…

Notice to Officers – Beneficial Owner Forms

Changes to the Companies Act (Register of Beneficial Owners) Regulations, 2017 (hereinafter referred to as the ‘Regulations’) will become effective following the entry into force of Legal Notice 247 of 2020. This notice is being brought to the attention of all company officers and provides an overview of the regulatory changes being introduced. When submitting…

The MBR publishes its 2019 Annual Report and Financial Statements

The Malta Business Register (MBR) has published its Annual Report and Financial Statements for the financial year ending 31 December 2019. The report provides an overview of the activities and work performed throughout the year by the MBR. Furthermore, the report includes a summary of the performance of the Registry during 2019 as well as…

Appointment of Special Controllers in terms of Article 329B of the Companies Act

The Official Receiver is receiving applications from individuals interested in being appointed as Special Controllers to assist Companies facing financial difficulties. Individuals with 5 years proven experience in the administration of companies, or 2 years experience if they hold a bachelor's degree from a recognised university, are invited to apply by email sending a CV…

Important Notice to Subject Persons

The Companies Act (Register of Beneficial Owners) Regulations, 2017 (hereinafter referred to as the ‘Regulations’), have been amended by Legal Notice 158 of the year 2019. Following the coming into force of the Regulations, subject persons in terms of the Prevention of Money Laundering and Funding of Terrorism Regulations providing services in or from Malta,…

SIGNING OF MEMORANDUM OF UNDERSTANDING (MoU) BETWEEN MBR AND COMPETENT AUTHORITIES

Malta Business Registry (MBR) and Competent Authorities in accordance with the PMLPTR, namely the Malta Financial Services Authority (MFSA), Malta Gaming Authority (MGA), and Sanctions Monitoring Board (SMB), individually agreed to build cooperation by signing memorandum of understanding (MoU) on cooperation and exchange of information.The MoU is a form of mutual commitment in complimenting each…