Filing Company Annual Returns in Kenya, If you do not file company annual returns in Kenya for a period of time you can be penalized and your company struck off by the Registrar of Companies.
Annual returns indicate the changes that have occurred within the company throughout the year like change of shareholding, directorships and registered office of the company.
Section 125 of the Companies Act states that every company having a share capital shall, once at least in every year, make a return, and the said return shall be in the form and shall be made up to the date of the fourteenth day after the date of the annual general meeting.
Once a company fails to comply with this requirement, the company and every officer of the company who is in default shall be liable to a default fine as may be prescribed by the registrar.
In filing the Annual Return, the completed annual returns form is submitted at the Companies Registry Kenya with the requisite fees before acceptance.
A penalty for every year defaulted levied for late filing of annual returns