Section 168Part 7 — Exempted CompaniesAmended
Annual return
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Amended by LG39/S3
In January of each year after the year of its registration each exempted company that does not hold a licence to carry on business in the Is lands to which section 174 refers shall furnish to the Registrar a return which shall be in the form of a dec laration that —
since the previous return or since registration, as the case may be, there has been no alteration in the memorandum of association, other than an alteration in the name of the company effected in accordance with section 31 or an alteration already reported in accordance with section 10 ; (aa) stat es the nature of the business;
the operations of the exempted company since the last return or since registration of the exempted company, as the case may be, have been mainly outside the Islands; and
section 174 has been and is being complied with.