Online Filing of Annual Accounts

Company annual accounts may now be filed with the Registry of Companies through the Registry online system. The submission of the accounts which are duly signed and dated as prescribed by the Companies Act may be made by authorised users of the Registry online system, being either directors, the company secretaries or individuals specifically authorised…

Information on Reliability of Registered Documents

All documents and statutory notices submitted by companies for registration are signed/authenticated by the signature of a director or company secretary of the company. Documents and statutory notices are received by the Registrar of Companies in good faith. The company officer signing is responsible for the content of the document. It is a criminal offence…

Change in Fees

Please note the following fees as amended by the Companies Act (Fees) (Amendment) Regulations, 2017. Applicable as from 20 July 2017. Every copy per sheet (regarding order of documents)€0.50 Certificate regarding true copies: in unbound form€5 Certificate regarding true copies: in bound form €10 For a certificate regarding the directors of a company (list of…

Evidence of paid up share capital – New Companies in Formation

It has been noticed that often banks are issuing receipts for the deposit of initial paid up capital in respect of new companies in formation without the company name being indicated on the document. This type of "bank slip" is not proper evidence of the paid up capital. Furthermore bank slips without the company name…

Registry of Companies Fees

Please note that as from 1st September 2011 the payment requested by the Registrar of Companies in respect of the cost of the publication of notices in a daily newspaper shall be as follows. Amalgamation/Merger of Companies €50 Division of Companies €50 Cross-Border Merger €100 Conversion of Company/Partnership €50 Reduction of Capital €50 Contribution Reduction/Assignment…

Libya Sanctions

Legal Notice 69 of 2011 (as amended by Legal Notice 77 of 2011) - United Nations Sanctions (Libyan Arab Jamahiriya) Regulations Council Regulation (EU) No 204/2011 of 2 March 2011 concerning restrictive measures in view of the situation in Libya Council Implementing Regulation (EU) No 233/2011 of the 10 March 2011 implementing Article 16(2) of…

Knowing your responsibilities and duties

As directors and company secretary of a newly registered company you should be aware of your responsibilities and duties under the Companies Act. The company is a separate legal person, distinct from the shareholders or the directors. You are therefore expected to act honestly and in good faith in the best interests of the company.…

Acquisition of shares in Maltese Companies by Non-Resident Shareholders

Legal Notice 178 of 2004 (Revocation of Restrictions Regulations, 2004) which has come into force on the 19th April 2004, has revoked all restrictions previously imposed by the External Transactions Act. Regulation 3(3) nevertheless states that “Applications by residents of a nonEEA country for the issue, acquisition, sale and redemption of securities not listed on…

Submission of Documents

With effect from the 1st September 2002 the Registry of Companies shall be implementing a new requirement in connection with the registration of companies and certain statutory forms. This requirement seeks to meet the demands of current international standards, which emphasise the importance of establishing the identity and of retaining proper identification records of owners…