TaxSavvySA

Filing duty for unlisted joint stock companies

We are an unlisted joint stock company. Who files?

The situation

For unlisted joint stock companies, the board prepares the statements and the chairman files them, giving shareholders a copy at least 21 days before the ordinary general assembly.

The law

  • Ministry of Commerce guidance on filing financial statements: Statements filed on Qawaem within six months of year end by the manager or board

What it means for you

Plan the general assembly date first, then work back. Example: assembly on 25 June needs statements to shareholders by 4 June. The chairman needs Qawaem access.

What to do

  1. Set the assembly date.
  2. Circulate statements 21 days before.
  3. Chairman files on Qawaem.

We can do this for youAnnual financial statements, statutory audit and Qawaem filing within six months: SAR 6,000

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