This applies to all companies whose annual revenue exceeds $240 000. However special consideration can be sought from the commissioner-general’s office, who at his discretion can give an extra 30-day window to meet the legal requirements.
Meanwhile its D-Day for banks as The RBZ deadline for banks to meet minimum capital requirements is today. According to RBZ figures only Royal Bank and ZABG are yet to meet the $12.5 minimum capital requirements.-Daily News