We are sharing an important update regarding the Corporate Affairs Commission’s efforts to address companies with outstanding annual returns. The Commission is taking the step to remove from their register companies owing 10 years and above in annual returns.
Expectedly this must be unsettling news for many, however there is still a chance for affected companies to rectify the situation. By promptly paying and filing their outstanding annual returns, these companies can avoid de-listing – being struck out from the register – and can continue to operate without any disruptions.
We understand that unforeseen circumstances may have led to delays in fulfilling annual return obligations. Therefore, we encourage all affected companies to take immediate action and ensure their compliance by submitting up-to-date annual returns.
Together, let us work towards a transparent and accountable corporate landscape, where businesses can thrive and grow while fulfilling their legal obligations. We hope that all companies will thrive in this environment of compliance and responsibility.