Filing and Annual Return
Companies have a deadline of April 1 every year to file their Annual Return. Failure to comply with this rule will result in them being penalized. Section 194 of the Companies Act.
Removals and Restorations
The result of not filing Annual Returns on time can be that a Company is struck off the Register and have legal consequences. This can however be remedied, but the process will cost the Company to restore as well as to file outstanding documents. The Cost of Restoration as listed in the Companies Regulations is EC$200.00.
A Business (as opposed to a company) may be closed and removed from the Register by a notice in writing to the Companies Registry and the payment of the prescribed $50.00.
Where a partnership is concerned and is being closed all partners must consent to the same.
Companies may be wound up voluntarily by its shareholders or involuntarily by the Courts on an application by the Registrar or an interested party.