Section 340 — Companies Act 1993: Annual return of overseas company

340 Annual return of overseas company (1) Every overseas company that carries on business in New Zealand must ensure that the Registrar receives each year, during the month allocated to the overseas company for the purposes of this section, an annual return in the prescribed form confirming that the information on the overseas register in respect of the overseas company referred to in the return is correct at the date of the return. (2) The annual return must be dated as at a day within the month during which the return is required to be received by the Registrar. (3) On registration of an overseas company under this Part of this Act, the Registrar must allocate a month to the company for the purposes of this section. (4) The Registrar may, by written notice to an overseas company, alter the month allocated to the company under subsection (3) of this section. (5) Notwithstanding subsection (1) of this section, an overseas company, not being an overseas company that is deemed to be registered under this Part of this Act, need not make an annual return in the calendar year of its registration under this Part of this Act. (6) If an overseas company fails to comply with subsection (1) or subsection (2) of this section,— (a) The company commits an offence and is liable on conviction to the penalty set out in section 373(2) of this Act; and (b) Every director of the overseas company commits an offence and is liable on conviction to the penalty set out in section 374(2) of this Act.