Guides
What are the Section 51 and Section 92 statements?
These two statements cause more confusion than anything else in the annual update. They ask for different things.
Section 51 — inventory of shares, debentures and loans
A record of who has invested in the company and what the company owes. It states:
- Each shareholder’s name, address and number of shares
- Face value per share and the total
- Details of any debentures issued
- Loans taken by the company and their source
Section 92 — disclosure by directors
Who the directors are and what other interests they hold. It states:
- Each director’s name, address and citizenship number
- Date of appointment and position
- Shares that director holds in this company
- Directorships or shareholdings in other companies
Section 184 — address information
This appears in the initial return and records the registered address and the address for notices. It is also what you update when the address changes.
Common mistakes
- Copying last year’s statement unchanged when shares or directors have moved
- Not disclosing a director’s interest in other companies
- Share counts that do not reconcile with total capital
Please note
Government procedures, fees and deadlines change. This guide was updated on the date shown above. Confirm the current position with the relevant office or your auditor before acting on it. This is not legal advice.