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NOTICE UNDER ARTICLE 71(3) OF THE COMPANIES (JERSEY) LAW 1991

These Notice are given pursuant to Article 71(3) of the Companies (Jersey) Law 1991 (the Law).

1. As of 30 December 2010, this Notice applies to any company in respect of which a notification has been filed in accordance with Article 67 of the Law (on form C14a) to the effect that an occupier does not authorise its premises to be the registered office of that company and such notification remains outstanding (a defaulting company).

An annual return submitted by a defaulting company under Article 71(1) of the Law on form C20 must also be accompanied by form C14 (notice of change of registered office) and form C14b (notification that an occupier authorises its premises to be the registered office of a named company). Forms C20, C14 and C14b and the information contained in them shall together comprise the required annual return for a defaulting company for the purposes of Article 71 of the Law. All such forms must be duly completed.

Until these conditions are met, a defaulting company will be deemed not to have delivered an annual return in accordance with Article 71 of the Law. Such failure could result in the defaulting company being struck off under Article 205 of the Law. 

2. This second Notice applies to all companies registered under the Law.

2.1 As of 9 February 2018, in addition to complying with the requirements of Article 71 of the Law, the annual return of a company shall state, as at 1st January of the year to which the return relates

if it is a par value company –

  • the nominal share capital of the company,
  • in respect of each class of share, the number of shares into which the class is divided and the nominal value of each share class,
  • the number of shares of each class that have been issued,
  • the aggregate nominal value of shares of each class that have been issued, and
  • the amount of the nominal value that has been paid, or credited as paid, on each share that has been issued;

if it is a no par value company –

  • the limit (if any) on the number of shares of each class authorized to be issued, and
  • the number of shares of each class that have been issued;

if any person is a member of the company by reason of holding a share –

  • the total amount (including, in the case of a par value company, premiums) that has been received in payment of the shares that have been issued,
  • the total amount of unpaid calls on shares that have been issued, and
  • the number of shares (if any) that have been forfeited, the amount (if any) paid on those shares and the amount (if any) received by the company on the sale of any shares that have been forfeited;

if it is a company having any guarantor member, the maximum amount that is guaranteed by each member in that capacity.

2.2 The annual return shall include a declaration, signed by a director or the secretary of the company, to the effect that the information contained in the return is complete and accurate in all respects.

Until the conditions set out in (1) and (2) above are met, a defaulting company will be deemed not to have complied with Article 71 of the Law and accordingly, the annual return will not be accepted by the Registrar of Companies.

Such failure could result in the defaulting company being struck off under Article 205(2) of the Law.

 

Julian S Lamb
Deputy Registrar of Companies

 

 
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  Last Updated: 23 July 2018