Section 355: Fees payable to Registrar

355. Fees payable to Registrar (1) Subject to the other provisions of this section and to section 295, there shall be paid to the Registrar, in respect of the matters set out in the second column of Part I and Part II of the Twelfth Schedule, such fees as may be prescribed. (2) The registration fee payable under Part I of the Twelfth Schedule shall, in respect of every subsequent year, be paid not later than 20 January in that year. (3) For the purpose of subsection (1), “year” includes part of a year. (4) Subject to subsection (5), the registration fee payable under subsection (1) shall be paid so long as the company or commercial partnership, as the case may be, remains registered with the Registrar. C35 – 207 [Issue 10] Companies Act (5) Where a company or a commercial partnership has ceased to carry on business and in respect of which a winding up resolution or striking-off procedure or a dissolution procedure, as the case may be, has been initiated, or where the company or commercial partnership is in receivership or under administration in accordance with the provisions of the Insolvency Act, no registration fee under subsection (1) shall be required to be paid as from the year immediately following the year in which the resolution, notice for striking-off, notice of appointment of receiver or notice of appointment of administrator has been filed or issued or, in the case of a commercial partnership, the deed of dissolution of any document to that effect has been filed, with the Registrar. (6) Where a commercial partnership files its deed or any document to that effect with the Registrar, it shall pay to the Registrar any outstanding prescribed fee. (7) The Registrar may waive the difference between the prescribed fee payable after the due date and the prescribed fee payable within the due date where he is satisfied that failure to pay within the due date was attributable to a reasonable cause. (8) In the exercise of his power under subsection (7), the Registrar shall record, in writing, the reasons for waiving the difference referred to in that subsection. [S. 355 amended by s. 3 (f) of Act 28 of 2004 w.e.f. 26 August 2004; s. 5 (g) of Act 18 of 2008 w.e.f. 19 July 2008; s. 13 (w) of Act 11 of 2018 w.e.f. 9 August 2018.]