Unpaid Annual Levy and possible strike off

On 3 November 2022 the Department of Registrar of Companies and Intellectual Property (“ROC”) announced that it intends to proceed with the 𝐝𝐞𝐫𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬, 𝐢𝐟 𝐭𝐡𝐞𝐲 𝐟𝐚𝐢𝐥𝐞𝐝 𝐭𝐨 𝐬𝐞𝐭𝐭𝐥𝐞 𝐭𝐡𝐞 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐟𝐨𝐫 𝐚𝐧𝐧𝐮𝐚𝐥 𝐥𝐞𝐯𝐲.

The ROC may remove a company from the register if the company fails to pay the annual fee provided for in Article 391 for a period of one year from the date on which it acquired the obligation to pay.

Specifically, those companies that have not paid the annual fee for any year for the period 2012-2021, will be published in the Official Gazette of the Republic and after the lapse of three months from the date of publication.

Important note: the failure to pay annual levy for the last year 2021 may cause the possible strike off, unless the reason to cancel or not proceed with the decision will be provided.