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The
Memorandum and Articles of Association constituting the company are forwarded
to the Registrar of Companies for registration. Upon registration
the Registrar will issue a certificate of registration, showing that the
company has been officially registered. A recor open for public inspection
of all company registrations is kept.
Evidence,
in the form of a deposit slip showing that the paid up share capital of
the company has been deposited at the bank, must be produced.
The
fees payable by a company to the Registrar of Companies upon registration,
are calculated according to the company's authorised share capital as follows:
| Authorised
Share Capital |
Fee
Payable |
| Up to Lm2,000 |
Lm 100 |
| Over
Lm2,000 but not exceeding Lm59000 |
Lm 100 plus Lm6
for each Lm 1,000 or part thereof in excess of Lm2,000 |
| Over
Lm5,000 but not exceeding |
Lm 118 plus Lm 1
for each Lm 1000 or part thereof in access of Lm 5,000 |
| Over
Lm100,000 |
LM213 plus 40 cents
for every Lm1000 or part thereof exceeding Lm 100,000 provided that a maximum
fee does not exceed Lm 573. |
If
a company subsequently increases its authorised share capital, the difference
in registration fees would be levied. |
International trading and holding companies
