Act 2022
Companies (Amendment) Act, 2022 (No. 22 of 2022)
Plain-English summary
Amends the Companies Act 1995. Section 4 replaces s.194A, an annual attestation to the Registrar of Companies of beneficial ownership and control for domestic companies; ss.6 and 9 add attestations for external companies (ss.344A and 356B). Assented 28 July 2022. The Companies Act 1995 is No. 18 of 1995.
Who it applies to
All industries
Topics
AML / CFT / Sanctions Corporate Governance Tax Transparency (FATCA/CRS/BEPS)
Obligations arising from this law or regulation
| Obligation | Timing | Regulator | Source | Detail |
|---|---|---|---|---|
| File an annual beneficial ownership and control attestation with the Registrar of Companies | Frequency Annually, within 30 days after the company's anniversary date | — | source | |
Section 194A of the Companies Act 1995, as replaced by s.4 of the 2022 Amendment, requires domestic companies to file each year, within 30 days after the company's anniversary date, a statement of holders of 5% or more of voting rights, ultimate beneficial owners behind nominees, persons who control the company, and directors and officers. Wilful failure attracts an administrative penalty of $5,000 plus $5,000 for each day of default (s.194A(3)). Ss.344A and 356B add attestations for external companies. |
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| No obligations match these filters. | ||||
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