Legal Notice 31 of 2020 has amended the Merchant Shipping (Shipping Organisations – Private Companies) Regulations. The main amendments brought about by L.N. 31 of 2020 include:
- The obligation for shipping companies to prepare, maintain and audit accounting records;
- The continuation of foreign companies in Malta;
- The continuation of Maltese companies in a foreign jurisdiction; and
- Introduction of the Tenth Schedule dealing with penalties.
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