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Filing & Compliance

Business owners may need to close their companies temporarily or permanently. However, there are limited options available for this situation. While there is plenty of advice on registering a limited company in Google search results, understanding the process of closing it requires more time. To learn about the duration and cost involved in company closure, you can explore the services provided by Chern & Co.


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What You Need To Know

Frequently Asked Questions

If you fail to file the B1 Annual Return on time, your company will face immediate penalties and late filing fees. Additionally, the company and its officers may be prosecuted. Late filing also results in the loss of audit exemption for the financial year in question.

Share transfer refers to the process of transferring ownership of shares from one person or entity to another within a company. This can occur for various reasons, such as the sale of shares, gifting, or as part of a broader corporate restructuring.

RBO stands for the Register of Beneficial Ownership. This is a central repository of information held by companies and industrial & provident societies in their own internal registries in respect of the natural persons who are their beneficial owners

Financial statements are formal records of the financial activities and position of a business, person, or other entity. They typically include the balance sheet, income statement (profit and loss account), statement of changes in equity, and cash flow statement.

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Chern & Co Ltd
18 Mallow Street Upper
V94 N12Y

Office Hours

Monday to Friday
9 am – 5 pm

Company Registration: 604324

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