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Importance of filing annual returns

Tenants! kindly note the importance of filing annual returns. Why is it important? The annual information the Company provides is used to keep the database at the Companies registry up to date. It is public information that can be found on their website and as such allows financial institutions, professional associations and others to make informed decisions about your corporation. It basically requires that you file up to date information regarding the address of the Company, the Directors and the shareholding. Failure to file can result in the Company being struck off the register and also attracts a penalty.

 

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