Notice - BVI Business Companies Act, Revised Edition 2020

VIRGIN ISLANDS
BVI BUSINESS COMPANIES ACT, REVISED EDITION 2020 A NOTICE BY THE FINANCIAL SERVICES COMMISSION UNDER SECTION 98A(2A) OF THE BVI BUSINESS COMPANIES ACT, REVISED EDITION 2020, EXTENDING THE PERIOD WITHIN WHICH A COMPANY IS REQUIRED TO FILE ITS ANNUAL RETURN WHEREAS section 98A(1) and (2) of the BVI Business Companies Act, Revised Edition 2020 (“the Act”), requires a company to file its annual return with its registered agent within 9 months after the end of the year to which the annual return relates; WHEREAS section 98A(2A) of the Act provides that the Financial Services Commission may, by Notice published on the Commission’s Internet site, extend the initial period within which a company is required to file its annual return with its registered agent; AND WHEREAS the first filing of annual returns by companies is required to be made no later than 30th September, 2024 and the Commission considers that the companies that are liable in that regard need more time to comply with the new requirements of the Act as they relate to the filing of annual returns; NOW THEREFORE, the Financial Services Commission, acting pursuant to section 98(2A) of the Act, issues this Notice advising that the initial filing period ending on 30th September, 2024 (within which a company is required to file its annual return with its registered agent) is extended for a period of 9 months ending on 30th June, 2025. Made by the Financial Services Commission this 10th day of December , 2024. Managing Director Financial Services Commission