The
Companies Act of Republic Of Maldives
Law
No: 10/96 (An Unofficial
Translation)
SCHEDULE
1. The company registration
fee stated in section 7 of this Act shall be paid in the following manner:
(a) If the authorised
capital of the company is MRf. 10,000/- or less than MRf. 10,000/- the
fee shall be MRf. 1,000/-.
(b) If the authorised
capital of the company is more than MRf. 10,000/- then in addition to the
MRf. 1,000/- stated in subsection (a) above a fee calculated on the following
basis on the authorised capital of the company shall be paid.
1. For every MRf.
4,000/- or part thereof of the authorised capital between MRf. 10,000/-
and MRf. 500,000/- a fee of MRf. 10/- shall be paid.
2. For every MRf.
4,000/- or part thereof of the authorised capital between MRf. 500,000/-
and MRf. 4,000,000/- a fee of MRf. 4/- shall be paid.
3. For every MRf.
4,000/- or part thereof of the authorised capital between MRf. 4,000,000/-
and MRf. 8,000,000/- a fee of MRf. 2/- shall be paid.
4. For every MRf.
4,000/- or part thereof of the authorised capital above MRf. 8,000,000/-
a fee of MRf. 1/- shall be paid.
2. The annual company fee
state in section 7 of the Act shall be paid in the following manner:
(a) Public companies
shall pay MRf. 10,000/- before the end of March every year.
(b) Private companies
shall pay MRf. 2,000/- before the end of March every year.
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