Administrative Penalty $4,000.00 - FH Corporate Services Ltd (2011-06-10)

Summary

This is a public enforcement action notice published by the BVI Financial Services Commission. It records that an administrative penalty of $4,000.00 was imposed on FH Corporate Services Ltd, a licensed Company Manager, for failing to submit audited financial statements to the Commission within the prescribed or approved period.

• Entity: FH Corporate Services Ltd, licensed under the Company Management Act, 1990 (Licence Type: Company Management)
• Contravention: Breach of sections 17 and 17(C) of the Company Management Act, 1990, for failing to submit audited financial statements to the Commission within the prescribed or approved period
• Penalty: Administrative penalty of $4,000.00 imposed
• Reference: Matter ID BF0325/021

The notice is purely informational, disclosing a past enforcement outcome; it does not itself impose any new ongoing obligation on other entities beyond the general statutory duty (already in force under the Company Management Act) to file audited financial statements on time.

Key obligations

• Company Managers 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 Managers, Trust & Corporate Services Providers