Administrative Penalty $2,000.00 - FH Corporate Services Ltd (2011-06-10)

Summary

This is a notice from the BVI Financial Services Commission recording an enforcement action taken against FH Corporate Services Ltd, a Company Management licensee. The Commission imposed an administrative penalty of $2,000.00 for a breach of the Company Management Act, 1990.

• Contravention: Failure to submit audited financial statements to the Commission within the prescribed or approved period, in breach of sections 17 and 17(C) of the Company Management Act, 1990.
• Penalty: Administrative penalty of $2,000.00 imposed.
• Licence type: Company Management.
• Matter reference: BF0325/021.

The notice is informational, reporting a completed enforcement outcome rather than creating new ongoing obligations, but it underscores the Commission's expectation that Company Management licensees timely file audited financial statements as required by law.

Key obligations

• Company Management licensees must submit audited financial statements to the Commission within the prescribed or approved period, as required under sections 17 and 17(C) of the Company Management Act, 1990.

Applies to

Company Management licensees