A number of amendments have been published in the Government Gazette No. 20,351 on the 21st February 2020, by means of Legal Notice 31 of 2020 in relation to Merchant Shipping (Shipping Organisations - Private Companies) Regulations (S.L. 234.42). Such regulations are administered by the Registrar of Companies and these include:
1. Financial Statements of 2020 must be filed within the stipulated periods; any financial statements of previous years which are delivered to the Registrar of Companies will be uploaded as unregistered documents on the MBR website;
2. For companies incorporated prior to the 21st Feburary 2020, there is no need to notify the Registrar of Companies; if the year-end is not December, companies are requested to file the financial statements within the stipulated times from the year end;
3. For companies incorporated after the 21st February 2020 and the year end is not December, the respective form needs to be submitted;
6. All forms are readily available to be downloaded from the MBR website;
7. As from 1st April 2020, fees regarding continuation of companies (both in and out of Malta) and publication fees, are to be applicable to companies registered under the Companies Act and also to companies registered under the Merchant Shipping Regulations;
8. As from 1st April 2020, penalties will be imposed on companies registered under the MSR at the same rate as companies registered under the Companies Act.
For more information on Shipping Regulations in Malta, please contact Rishi Bonello, Rosemont Malta's director at r.bonello@rosemont.com.mt or your Rosemont local office.
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