About the Role
What Is Annual Return?
In general, an annual return is a snapshot of basic information about a company. In details, an annual return will include the following information:
When Do We Need to Submit Annual Return?
Companies with anniversary of incorporation in January 2017, however, are not required to submit the Annual Return in 2017 because the Companies Act 2016 has yet to take effect. Hence, the companies’ first submission of Annual Return in compliance with the new Act will only happen in 2018.
Is there any penalty if we fail to submit annual return?
As filing Annual Return is the most important legal requirement, failure to do so is an offence and if convicted, the company and its directors will face penalties under sections 165 and 169 of the Companies Act 1965.
How to Submit Annual Return (MBRS) 1. Prepare the following documents to submit for Directors Signature:
DCR for lodgement and submission of Annual Return
Section 68 (Directors Confirmation)
2. Sent for review. Once reviewed, sent DCR, Questionnaire and Section 68 for director signature.
3. MBRS Preparation Tools
Select type of submission
Select ‘Annual Return’ then select ‘Create Filing’
Key in all the mandatory ‘Filing Information’ required
Excel form of the Annual Return will be auto generated based on the information extracted from SSM’s database
Key in all the required information
Once completed, select ‘Toolbox’ and select ‘Generate XBRL’. A zip file will be generated if all the required information has been keyed in correctly. Proceed to save the zipped file
4. Upload to MBRS website
Key in the Company number, type of submission and upload the XBRL file(zipped file), then upload Filing (Only Makers can upload the zipped Annual Return file)
Notify the partner that submission is done
About the Company