The annual return is the return an investment provides over a period of time, expressed as a time-weighted annual percentage. Sources of returns can include dividends, returns of capital and capital appreciation. The charitable company’s annual return last submission date is 13 November each year. Other company’s annual return date is 31 December each year.
The annual return should be delivered a Form NAR1 to the Registrar of Companies (“the Registrar”) for registration once in every year within 42 days after the date of the company’s Annual General Meeting according to section 109 of the Predecessor Ordinance (i.e. the Companies Ordinance (Cap. 32) as in force from time to time before the commencement date of the Companies Ordinance (Cap. 622)).
Annual Return Fee:
Commencement Date: 09 Aug 11
Financial Year: 01/04/11 – 31/3/12
|42 days||or 20 Sep 12||$105|
|90 days||or 07 Nov 12||$870|
|180 days||or 05 Feg 13||$1,740|
|270 days||or 05 May 13||$2,640|
|365 days||or 09 Aug 13||$3,480|
|More days||or 10 Aug 13||Penalty|
Annual Return Submission
|AR 2017-18||Not Submitted|
|AR 2016-17||Not Submitted|
|AR 2015-16||Submitted||Not AV|
|AR 2014-15||Submitted||Not AV|
|AR 2013-14||Submitted||Not AV|
|AR 2012-13||Submitted||Not AV|
|AR 2011-12||Submitted||Not AV|
Audited Financial Statement:
The organization’s financial statement should be prepared before the submission of Annual Return. The Annual Return is filled according to the information of Audited Financial Statement. The Audited Financial Statement and the Annual Return is submitted together.
Financial Report Submission
|Report 2017-18||Not Submitted|
|Report 2016-17||Submitted||Not AV|
|Report 2014-15||Submitted||Not AV|
|Report 2012-13||Submitted||Not AV|
Change of Secretary/Directors:
Kirat Rai Association Hong Kong has 7 directors and 1 corporate secretary. The directors will be the first 7 bodies of the elected executive committee members according to chapter 7, section 1 of association’s “Bidhan” and a secretary will be elected by the directors.
According to the Company Ordinance (Chapter 622), change of directors should deliver a Form ND2A “Notice of Change of Company Secretary and Director (Appointment╱Cessation)” to report the appointment of directors or cessation to act as directors within 15 days after the appointment or cessation for registration.
|RAI KAMAL||25/03/18||New (NR)||NA|
|RAI PABITA||25/03/18||New (NR)||NA|
|RAI CHANDRAKA||25/03/18||New (NR)||NA|
|RAI GANGA RAM||12/04/16-||Active||NA|
|RAI GAJENDRA BAHADUR||12/04/16-||Active||NA|
|GURUNG & SUM BUSINESS SOLUTION LTD.||09/08/11-||Active (S)
|RAI SHASHI MADAN||09/08/11-12/04/16||Past||NA|
Change of Registered Office:
A Form Form NR1 must be delivered to the Companies Registry to change the registered office within 15 days after the change.
|Kirat Rai Association Hong Kong Limited
Room 9, 2/F, Hop Yik Commercial Center,
33 Hop Choi Street, Yuen Long,
Failure to file Annual Return for the year and Financial Statement within the proscribed time causes summon to the court. If the summon arise at the court and need to go to hearing for summon an Authorization letter on the company’s letter head will be need. Here is a sample Authorized Letter.