Directors of Fiji incorporated companies must pass a solvency resolution within two months of a company’s financial year-end. This resolution is not required to be passed by directors of a company that have lodged an annual report with the Registrar of Companies within the last financial year.
As most companies’ financial year coincides with calendar years, these company resolutions must be passed no later than 28 February 2022. More information on solvency resolutions is set out in our 2019 Solvency Resolution Reminder Alert.
Please contact Glenis Yee, Janice Fong or Jesline Singh at Munro Leys if you have any queries.
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The information and opinions in this Legal Alert are for general information purposes only. They are not intended as specific legal or other professional advice and should not be relied upon or treated as a substitute for specific advice. Munro Leys can accept no responsibility for any loss arising from reliance on the general information contained in this Legal Alert.