A company which fails to deliver its annual returns to the Companies Registry within the prescribed time period is in breach of the Companies Ordinance and is subject to paying a higher registration fees as follows:
Penalties for late submission of the Annual Return if it is delivered:
More than 42 days after but less than 3 months of the company’s return date@ – HKD870
More than 3 months after but less than 6 months of the company’s return date@ – HKD1,740
More than 6 months after but less than 9 months of the company’s return date@ – HKD2,610
More than 9 months after the company’s return date@ – HKD3,480
@ anniversary of the date of its incorporation
Pursuant to the Companies Ordinance Cap. 662, the company and every responsible person of a local private company failing to comply with the corresponding requirement are liable to prosecution. Once convicted, a fine for the breach of the filing obligation will be imposed.The maximum penalty for failing to deliver an annual return is a fixed penalty of $50,000 and a daily default fine of $1,000 for each day during which the default continues.