Deadline for payment of company fee approaching

MIRA advises all companies to take heed of the approaching deadline for the payment of company annual fee. The deadline for payment of company annual fee for 2015 is 31 March 2015. Private companies have to pay MVR 2000/- as company annual fee while public companies have to may MVR 10,000/-.

Action will be taken against those who default on the payment of company annual fee. Companies who have applied for liquidation before 31 March, do not have to pay their Company Annual Fee for the given year. However, companies which have applied for liquidation after 31 March, which is the deadline for payment of Company Annual Fee, are required to pay annual fee for that year.

As such, companies are advised to pay their annual fee before the deadline.

10 Mar 15