COMPANIES ACT (YOUTH ENTERPRISE) REGULATIONS (youthenterprise)

COMPANIES ACT (YOUTH ENTERPRISE)

SUBSIDIARY LEGISLATION 386.32

COMPANIES ACT (YOUTH ENTERPRISE)

REGULATIONS

12th March, 2026

LEGAL NOTICE 56 of 2026.

The title of these regulations is the Companies Act

Citation.

(Youth Enterprise) Regulations.

(1)

In these regulations, unless the context otherwise

Interpretation.

requires

"Act" means the Companies Act;

"governing entity" means the Malta Business Registry;

"member" means a shareholder in and administrator of

the youth enterprise;

"mentor" means a natural person who

(a)

has attained the age of twenty-five (25)

years;

(b)

is resident in Malta;

(c)

has at least five (5) years working

experience in a commercial area, which includes but is

not limited to finance, sales, management, corporate,

management and legal;

(d)

is not registered in the register established



under the Protection of Minors (Registration) Act; and

(e)

receives approval to act as a mentor by the

governing entity upon being registered in the register of

mentors;

"register of mentors" means a register of approved

mentors held by the governing entity;

"Registrar" means the Registrar of Companies in

accordance with article 2(1) of the Act;

"resident" means any natural person regardless of

nationality who is ordinarily resident in Malta;

"tutor" means a person appointed by the court in



accordance with article 158 of the Civil Code to any minor,

whose parents have died or have forfeited parental authority;

"VAT Act" means the Value Added Tax Act;

"youth enterprise" means a private limited liability

company registered in accordance with the Act and these

regulations.

(2)

Unless the context otherwise requires, words and phrases

used in these regulations which are not defined herein, shall have the

same meaning as assigned to them in the Act.

A youth enterprise shall be a private company with

limited liability and shall enjoy separate legal personality distinct from

its members.

The authorised share capital of a youth enterprise shall

not be less than one hundred euro (€100) and not more than twenty

thousand euro (€20,000)

Provided that the minimum paid up share capital on the

formation of the youth enterprise shall be of one hundred euro (€100)

fully paid-up by each member in the youth enterprise

Provided further that all members shall have equal voting

rights in the youth enterprise, regardless of the extent of their

contribution.

(1)

A youth enterprise may only be incorporated by

natural persons who are either sixteen (16) or seventeen (17) years of

age, and who are resident in Malta at all times and who act in their

own name.

(2)

The name of the youth enterprise company shall, without

prejudice to the provisions of the Act, include the expression "Youth

Enterprise" or "YE".

Without prejudice to the provisions of the VAT Act, a

youth enterprise shall be required to

(a)

qualify as a small enterprise in accordance with

the provisions of Part One of the Sixth Schedule to the VAT

Act; and

(b)

be registered under and in accordance with article

11 of the VAT Act.

The memorandum of association of every youth

enterprise shall state

(a)

the name of the youth enterprise;

(b)

the registered office address of the youth

enterprise in Malta and the electronic mail address of the youth

enterprise;

(c)

the objects of the youth enterprise

Provided that the object of the youth enterprise

shall not be that of a holding entity;

(d)

the amount of authorised share capital, the

division thereof into shares of a fixed amount and the number

of fully paid-up shares taken up by each of the members;

(e)

the name of each of the members; and

(f)

the name, identification document number and

service address of the appointed mentor

Provided that the memorandum and articles of

association of every youth enterprise shall be in accordance

with Annex I and any additional provisions contained in the

articles of association shall not be inconsistent with these

regulations.

(1) For the incorporation of the youth enterprise, the

following documentation shall be submitted to the Registrar

(a)

a signed memorandum and articles of association;

(b)

proof of paid-up share capital;

(c)

a declaration signed by the parents exercising

parental authority, guardians or tutors of the members granting

permission for them to act in the capacity of members of the

youth enterprise, in accordance with the form prescribed in

Annex II;

(d)

a form attesting the appointment of the mentor of

the youth enterprise in accordance with the form prescribed in

Annex III;

(e)

a return showing the name, identification numbers

and residential address of the members, the mentor and the

parents, guardians or tutors of the respective members as

prescribed in Annex IV;

(f)

proof of residence of the members and the

parents, guardians or tutors of the respective members;

(g)

a declaration of the members in accordance with

the declaration prescribed in Annex V, confirming that they are

not involved in any other youth enterprise or any other

company that is in competition with the youth enterprise they

are involved in

Provided that the members shall be required to

confirm to the Registrar that there is no conflict of interest in

accordance with this paragraph; and

(h)

any other documentation required and requested

by the governing entity for the incorporation of the youth

enterprise.

(2)

Any personal data processed for the purpose of these

regulations shall fully comply with the provisions of Regulation (EU)

2016/679 of the European Parliament and of the Council of 27 April

2016 on the protection of natural persons with regard to the processing

of personal data and on the free movement of such data, and repealing

Directive 95/46/EC (General Data Protection Regulation) and the Data

Protection Act, including the regulations made thereunder and the

fundamental rights and freedoms of the data subjects.

Upon the registration of the memorandum and articles of

association, the Registrar shall certify that the youth enterprise is

registered in accordance with the Act and these regulations, and the

youth enterprise shall come into existence and shall be authorised to

commence business as from the date of registration, which date shall

be indicated in the certificate of registration.

(1)

The governing entity shall ensure that a mentor is

appointed at registration and throughout the existence of the youth

enterprise.

(2)

The youth enterprise shall inform the governing entity,

within three (3) working days, in the event that a mentor has ceased to

act as such

Provided that where the youth enterprise fails to inform

the governing entity within the stipulated period, the mentor shall have

the right to inform the governing entity that he ceased to be a mentor.

(1)

The mentor who undertakes to be registered on

the register of mentors, shall at all times, act in the best interest of the

youth enterprise and its members, exercising reasonable skill, care and

diligence as a bonus paterfamilias.

(2)

The mentor’s responsibilities shall include, but are not

limited to

(a)

providing counsel on the strategic planning and

operational execution of the youth enterprise’s business

activities;

(b)

imparting

practical

knowledge

regarding

fundamental business concepts, including market analysis,

financial management, marketing and compliance;

(c)

facilitating the development of entrepreneurial,

leadership, teamwork and communication skills among the

members;

(d)

regularly and, in any case, not less than three (3)

months, monitor the youth enterprise’s progress against its

stated goals, business plan, and financial projections;

(e)

reviewing and providing feedback on the youth

enterprise’s financial records, budget and cash flow statements,

ensuring transparency and accuracy in financial reporting;

(f)

advising the members on compliance with

applicable laws, regulations, and the governing documents of

the youth enterprise;

(g)

assisting the members in identifying and resolving

significant operational or interpersonal challenges that may

arise;

(h)

serving as a source of motivation, constructive

criticism and ethical role modelling for the youth enterprise

Provided that the mentor shall not hold an executive

position within the youth enterprise and shall not participate in the

daily management or voting processes of the youth enterprise, unless

specifically required to break a deadlock under the youth enterprise’s

governance documents

Provided further that the mentor shall not be personally

liable for the financial obligations or debts of the youth enterprise,

provided he has acted in good faith and in accordance with the Act and

these regulations.

(3)

The governing entity may remove the mentor at any time

where it deems fit.

(1)

The youth enterprise shall be dissolved by

unanimous decision of the members and in accordance with the

simplified dissolution procedure as referred to in article 214A of the

Act. For the purpose of this sub-article, sub-article 2(b) of article 214A

of the Act shall not apply

Provided that the application shall be made by means of

the prescribed returns in Annex VII, VIII and IX submitted to the

Registrar, signed by the members of the company.

(2)

Where the Registrar has reasonable cause to believe that

the youth enterprise is not carrying on any business activity or is not in

operation or all the members have attained the age of eighteen (18)

without applying to the Registrar to convert the youth enterprise into a

commercial partnership, the Registrar may send to the youth enterprise

by post or email, a letter inquiring whether the youth enterprise is

carrying on business or is in operation. If the Registrar receives a reply

to the effect that the youth enterprise is not carrying on business or is

not in operation or all members have attained the age of eighteen (18),

or does not within one (1) month of sending the letter receive a reply

thereto, he may send to the youth enterprise a notice by post and

publish such notice in the Gazette or on a website maintained by the

Registrar and in a daily newspaper circulating wholly or mainly in

Malta that, at the expiration of three (3) months from the date of the

last publication of the said notice, the name of the youth enterprise

shall, unless cause is previously shown to the contrary or the Registrar

is satisfied that there are sufficient grounds not to proceed with the

striking off, be struck off the Register and the assets of the youth

enterprise shall devolve upon the Government of Malta

Provided that the youth enterprise cannot trade during the

three (3) month period after the publication of the aforementioned

notice.

(1)

The members may apply to the Registrar to

convert the youth enterprise into a commercial partnership regulated

by the provisions of the Act once they all attain the age of eighteen

(18) years.

(2)

Once all the original members attain the age of eighteen

(18) years, they shall be deemed disqualified from continuing in office

and shall resign with immediate effect, unless an application for the

conversion of the youth enterprise into a commercial partnership has

been commenced by the members in accordance with the Act.

(3)

The shares in the youth enterprise cannot be transferred

to third parties but solely to existing members.

Notwithstanding any provision of law relating to

contractual capacity, the members of a youth enterprise shall, during

their term of eligibility under these regulations

(a)

be competent to sign the memorandum and

articles of association of the youth enterprise;

(b)

have the capacity to act as legal and judicial

representatives of the youth enterprise jointly.

(1)

Without prejudice to article 77(3) of the Act, the

objects of a youth enterprise shall not be granted any licence, permit,

authorisation or similar approval by any Maltese or foreign authority,

unless such license, permit, authorisation or similar approval can be

granted by any Maltese authority to minors.

(2)

Where a licence, permit, authorisation or similar

approval is granted by a foreign authority, such licence, permit,

authorisation or approval shall require recognition by the relevant

Maltese authority.

(3)

These regulations shall not prohibit the youth enterprise

from undertaking preparatory work for the eventual application for

such licences, provided such application is only submitted once all

members have attained the age of eighteen (18) years.

(1)

A member may voluntarily withdraw from the

youth enterprise, in accordance with the conditions established in the

memorandum and articles of association, or in the absence of such

conditions, with the agreement of the majority of the other members

provided that any member may withdraw from the youth enterprise on

just and proper grounds under the guidance of the mentor.

(2)

Any member may be expelled from the youth enterprise,

with the approval of the mentor, if he seriously fails in his obligations

or if he causes or threatens to cause serious disruption in the operation

of the youth enterprise.

A youth enterprise shall file with the Registrar basic

accounts annually, as may be prescribed by the Registrar through

guidelines or directives published on the website of the governing

entity.

(1)

Upon registration, each member of a youth

enterprise shall attend a minimum of twenty (20) hours of training per

year on business, compliance or financial literacy which may be

physical or virtual.

(2)

The training shall be supervised and verified by the

mentor and, or by the governing entity.

(3)

A signed training return shall be submitted to the

Registrar every six (6) months from the date of the youth enterprise’s

incorporation in accordance with the return prescribed in Annex VI.

(1)

The youth enterprise shall not be allowed to have

employees.

(2)

For the avoidance of doubt, the members of the youth

enterprise shall not be considered as employees of the youth enterprise

and shall still be considered eligible for the students’ maintenance

grant in accordance with article 10 of the Students Maintenance Grants

Regulations.

The youth enterprise in the general meeting may, upon a

recommendation from the mentor declare dividends, but in any case no

dividend shall exceed the amount recommended by the mentor.

(1)

The below information shall be available to the

general public

(a)

name of the youth enterprise;

(b)

registered office address of the youth enterprise;

(c)

electronic mail address of the youth enterprise;

(d)

date of registration and, or winding up and, or

strike off of the youth enterprise;

(e)

status of the youth enterprise;

(f)

share capital of the youth enterprise; and

(g)

name and service address of the mentor.

(2)

The information, documentation and returns submitted to

the Registrar in accordance with regulation 8 shall, upon a lawful

request be disclosed to

(a)

(i)

national competent authorities with designated

responsibilities for combating money laundering and terrorist

financing;

(ii)

national competent authorities that have the

function of investigating or prosecuting money laundering,

associated criminal offences and terrorist financing or of

tracing, seizing, freezing and confiscating criminal assets;

(iii)

the Financial Intelligence Analysis Unit;

(iv)

national tax authorities; and

(v)

any other national competent authority within the

meaning assigned to it under the Prevention of Money

Laundering and Funding of Terrorism Regulations which is not

already mentioned under sub-paragraphs (i) to (iv),

in a timely manner, without any restriction and without

alerting the youth enterprise concerned; and

(b)

subject persons in accordance with the Prevention of

Money Laundering and Funding of Terrorism Regulations.

The provisions of paragraph (a) of the Schedule to the

Companies Act (Fees) Regulations shall be applicable mutatis

mutandis to a youth enterprise when the authorised share capital

exceeds one thousand euro (€1,000) in total.

ANNEX I

MEMORANDUM OF ASSOCIATION FOR YOUTH

ENTERPRISE

NAME

1. The name of the youth enterprise is ……… and this is a

youth enterprise regulated by S.L. 386.32.

REGISTERED OFFICE ADDRESS

2. The registered office of the youth enterprise shall be at …….

REGISTERED ELECTRONIC MAIL ADDRESS

The electronic mail address of the youth enterprise 

3. shall be ….

OBJECTS

4. The objects for which the youth enterprise is established

are the following: ….

CAPITAL

5. (a)

The authorised share capital of the youth

enterprise is of €… and is divided into … ordinary shares.

(b)

The issued share capital of the youth enterprise is

€ ….. divided into …. shares of €… each subscribed as fully

paid-up.

(c)

Each member shall be entitled to only one (1) vote

regardless of the number of shares held.

MEMBERS

6. The members of the youth enterprise shall be: ……

MENTORS

7. The youth enterprise shall be assisted by the mentor

…… bearing passport/identity card number …................ and

service address at …................... who is registered on the Register of

Members with the Registry.

LEGAL AND JUDICIAL REPRESENTATION

8. The legal and judicial representation of the youth

enterprise is vested in the members acting jointly at all times and in the

event that the youth enterprise has only one (1) member, such

representation shall be vested in such member.

COMPANIES ACT (YOUTH ENTERPRISE)

Signed today: ……………................

(Name and surname and ID card/passport no.)

Member

(Name and surname and ID card/passport no.)

Member

(Name and surname and ID card/passport no.)

Mentor

ARTICLES OF ASSOCIATION FOR YOUTH ENTERPRISE

1. This is a youth enterprise registered in accordance with

the Companies Act (Youth Enterprise) Regulations (S.L. 386.32) and

is therefore an entity recognised under the Companies Act (the "Act").

MEMBERS

2. This youth enterprise is owned by its members who vote

at the Annual General Meeting of the youth enterprise.

3. Each member is entitled to only one (1) vote, irrespective

of the number of shares held.

4. The mentor shall not be entitled to hold any shares in the

youth enterprise.

MANAGEMENT OF THE YOUTH ENTERPRISE

5. The control of the business and affairs of the youth

enterprise shall be vested in the members of this youth enterprise.

6. Board meetings shall be held periodically. Special board

meetings may be called by a majority of the members. Proper minutes

of all meetings shall be recorded.

7. A quorum at any meeting of the members shall consist of

one half plus one of the members. Where there is only one (1) member

in the youth enterprise, that member shall constitute a quorum.

8. Decisions shall where possible, be taken by consensus,

however when this is not possible, decisions shall be taken by a simple

majority voting. In the event of an equality of votes, the mentor shall

hold a casting vote.

10. All major contractual liabilities exceeding two hundred

euro (€200) shall be approved by a unanimous vote of the members

and acknowledged by the mentor who shall sign the resolution jointly

with the members.

ANNUAL GENERAL MEETING ("AGM")

11. During the AGM, the results of the operations of the

youth enterprise shall be presented and the dividends, if any, shall be

declared to the members.

12. A quorum at the AGM shall consist of one half plus one

of the members of the youth enterprise. Where there is only one (1)

member in the youth enterprise, that member shall constitute a

quorum. A majority of the members present shall decide on any matter

placed before the meeting. In the event of an equality of votes, the

mentor shall have the casting vote.

CONVERSION AND CESSATION OF ELIGIBILITY OF

A YOUTH ENTERPRISE

13. The members may apply to the Registrar to convert the

youth enterprise into a commercial partnership under the Act.

14. Once all the original members attain the age of eighteen

(18) years, they shall be deemed disqualified from continuing in office

and shall resign with immediate effect, unless they have applied for the

conversion of the youth enterprise into a commercial partnership.

Signed today: ……………................

(Name and surname and ID card/passport no.)

Member

(Name and surname and ID card/passport no.)

Member 1

(Name and surname and ID card/passport no.)

Mentor

Delete or insert additional members as necessary

ANNEX II

FORM YE(1)

A Declaration of the Parents exercising parental authority,

Guardians or Tutors of the members of the youth enterprise in

accordance with regulation 8(c) of the Companies Act (Youth

Enterprise) Regulations (S.L. 386.32.)

Name of youth enterprise: …………………………………

I/We …………………. 1 with identity card number / passport

number 2 ……….. 3 grant permission to …………….. 4 to act as a

member of the proposed youth enterprise ………………… 5

I/We declare that I am / we are the parent(s)/the guardian(s)/the

tutor(s) 6 of …………………………. 7 who is a minor, but who is

aware of the provisions of the Companies Act (Youth Enterprise)

Regulations (S.L. 386.32.) and who is binding himself/herself 8 to act

in accordance with these regulations.

(Name and surname and ID card/passport no.)

Parent/Guardian/Tutor 9 of the member

Date: …………………………………

Name and surname of the parent(s)/guardian(s)/tutor(s)

2 Delete accordingly

Identity card or passport number

Name of the member

Name of the youth enterprise

Delete accordingly and add as necessary

7 Name of the minor

Delete accordingly

9 Delete accordingly

ANNEX III

FORM YE(2)

A Declaration confirming the Mentor of the youth

enterprise in accordance with regulation 8(d) of the Companies

Act (Youth Enterprise) Regulations (S.L. 386.32.)

Name of youth enterprise: ………………………………

I the undersigned…………………. 1 am a mentor registered on

the Register of Mentors and I hereby declare that I have been

appointed to serve as the mentor for the proposed youth enterprise

…………………. 2 . I also confirm that I shall be acting in accordance

with the provisions of the Companies Act (Youth Enterprise)

Regulations (S.L. 386.32), particularly in accordance with regulation

11 of the said regulations. Moreover, I declare that I shall be acting in

accordance with the Code of Conduct for mentors issued by the

governing entity.

(Name and surname and ID card/passport no.)

Mentor of the youth enterprise

Date: ……………………………………

Name and surname of the mentor

Name of the youth enterprise

ANNEX IV

FORM YE(3)

A return in accordance with regulation 8(e) of the

Companies Act (Youth Enterprise) Regulations (S.L. 386.32.)

Name of the youth enterprise: …………………………

The details of the members of the youth enterprise are as

follows 1

Particulars of the members of the youth enterprise

Name

Date of Birth

Nationality/

Nationalities

Official Identification

Number

Document type

Country of issue

The details of the mentor of the youth enterprise are as follows

Particulars of the mentor of the youth enterprise

Name

Date of Birth

Nationality/

Nationalities

Official

Identification

Number

Document type

Country of issue

The details of the parents, guardians or tutors of the members of

the youth enterprise are as follows 2

Particulars of the parent(s)/guardian(s)/tutor(s)* of the youth

enterprise

Name

Date of Birth

Name of member

Nationality/

Nationalities

Official

Identification

Number

Document type

Country of issue

As the members, mentor and parents, guardians or tutors of the

members of the youth enterprise we confirm that the above details are

correct and valid as at ……….......................... 3 .

Member

(Name and surname and ID card/passport no.)

……………...............................................

Member 4

(Name and surname and ID card/passport no.)

……………................................................

Mentor

(Name and surname and ID card/passport no.)

…………….................................................

Parent/Guardian/Tutor* of the member

(Name and surname and ID card/passport no.)

………….......................................................

Parent/Guardian/Tutor* of the member

(Name and surname and ID card/passport no.)

Dated this …… day of ……...... of the year ………...........

Insert additional members as necessary

2 Add as necessary

Date

4 Delete or insert additional members as necessary

* Delete accordingly

ANNEX V

FORM YE(4)

A declaration of the members of the youth enterprise in

accordance with regulation 8(g) of the Companies Act (Youth

Enterprise) Regulations (S.L. 386.32.)

I the undersigned…………................ 1 being a member of the

proposed youth enterprise ………… 2 hereby declare that I am not

involved in any youth enterprise other than the one mentioned above

or any other commercial partnership that is in competition with this

youth enterprise.

I further declare that there is no conflict of interest in

accordance with the above.

(Name and surname and ID card/passport no.)

Member

Date: ………………………………………………….

1 Name of member

Name of youth enterprise

ANNEX VI

FORM YE(5)

A declaration confirming the training sessions attended by

the members of the youth enterprise in accordance with regulation

18 of the Companies Act (Youth Enterprise) Regulations (S.L.

386.32)

I the undersigned………….. 1 being a member of the youth

enterprise ………… 2 hereby confirm that I have attended the below

training sessions which amount to ……...... 3 hours and which

contribute towards the twenty (20) hours of training that I am obliged

to attend annually. These training sessions have been supervised and

verified by the mentor and/or the governing entity

Name of Training Session

Hours

Signature of the

Attended

Attended

Mentor/Governing

Entity*

Signed by

(Name and surname and ID card/passport no.)

Member

(Name and surname and ID card/passport no.)

Member

COMPANIES ACT (YOUTH ENTERPRISE)

(Name and surname and ID card/passport no.)

Mentor

Date: ………………………………............

1 Name of member

Name of youth enterprise

3 Number of hours

*Delete accordingly

ANNEX VII

Form YE(B1)

Reg. No. of youth enterprise ……………………….

Notice of a unanimous decision for the dissolution of the

youth enterprise in accordance with regulation 12 of the

Companies Act (Youth Enterprise) Regulations (S.L. 386.32)

Name of youth enterprise……………………………………….

Delivered by............................................................................... 1

To the Registrar of Companies

……………………………………. 2 hereby gives notice in

accordance with article 214A(3)(a) of the Companies Act, that by way

of unanimous decision, it has passed an extraordinary resolution dated

..................................................... 3 authorising the members of the

youth enterprise to approve the filing of an application in accordance

with regulation 12 of the Companies Act (Youth Enterprise)

Regulations and in accordance with article 214A of the Companies

Act. The members are fully aware that the youth enterprise shall be put

into dissolution upon the registration of the mentioned application

with the Registrar.

Signature.........................................

(Name and surname and ID card/passport no.)

Member

Dated this …….… day of ………… of the year ………….

_

This form must be completed in typed form.

Name of member who shall be submitting the form to the gov-

erning entity

Insert name of youth enterprise

3 Insert date of resolution (day/month//year)

ANNEX VIII

FORM YE(B3)

Reg. No. of youth enterprise ……………………………

Application for simplified dissolution procedure in accordance

with regulation 12 of the Companies Act (Youth Enterprise)

Regulations (S.L. 386.32)

Name of youth enterprise ...........................................

Delivered by ................................................................. 1

To the Registrar of Companies

The youth enterprise ............................................ 2 is hereby

submitting an application in accordance with regulation 12 of the

Companies Act (Youth Enterprise) Regulations, for its dissolution and

the removal of its name from the register.

I/We * ....................................................... 3 in my/our *

1. capacity as the sole member / all the members * of the youth enterprise

................................................ 4

bearing

registration

number

....................................................... 5 (the "Youth Enterprise") further

declare that, in the six (6) months preceding the date of this

application, the youth enterprise

(a)

has not carried out any changes in its name;

(b)

has not employed employees;

(c)

does not have any outstanding documents or

penalties with the Registrar, which remain outstanding as at the

date of the application; or

(d)

did not pledge any of its shares.

I/We * hereby declare, that the youth enterprise

2. (i)

is not regulated under any other applicable law in

Malta;

(ii)

has discharged in full any liabilities towards its

creditors and/or such liabilities have been written off by its

creditors, other than if applicable, any outstanding fees to the

youth enterprise’s current members and, or any loans payable to

any of the members;

(iii)

has no pending court proceedings in, or outside of

Malta;

(iv) does not have any assets in excess of five

thousand euro (€5,000);

(v)

has not entered into any deeds or contracts in the

previous six (6) months; and

(vi) has no outstanding

amounts

due

to

any

Government authority or body.

I/We * confirm in my/our * personal capacity as the last

3. appointed member/s * of the youth enterprise, that I am/we are *

retaining the financial records of the youth enterprise as required by

law.

Signature ......................................................... 6

(Name and surname and ID card/passport no.)7

Member/s *

Dated this .................. day of ............... of the year ....................

This form must be completed in typed form.

1 Name of member who shall be submitting the form to the gov-

erning entity

Insert name of youth enterprise

3 Insert full name and surname of the sole member/all the mem-

bers

Re-insert youth enterprise name

5 Insert youth enterprise registration number

Signatures of all member/s of the youth enterprise

Insert full name and surname of the member/s

* Delete as applicable.

ANNEX IX

FORM YE(B4)

Reg. No. of youth enterprise ……………………………

Members’ Declaration in accordance with regulation 12 of

the Companies Act (Youth Enterprise) Regulations (S.L. 386.32)

Name of youth enterprise ......................................................

Delivered by ........................................................................... 1

To the Registrar of Companies

I/We * _________________________ 2 in my/our * capacity as

the sole member/all the members * of the youth enterprise hereby

confirm, in accordance with regulation 12 of the Companies Act

(Youth Enterprise) Regulations (S.L. 386.32.) that

(a)

a unanimous decision of the member/s has duly

approved the simplified voluntary dissolution procedure, in

accordance with the memorandum and articles of association of

the youth enterprise; and

(b)

all bank accounts have been closed/the youth

enterprise did not have any bank accounts * ; and

(c)

an application has been filed online for the de-

registration of the youth enterprise for value added tax purposes

in Malta / the youth enterprise is not registered for value added

tax purposes in Malta * .

Signature

(Name and surname and ID card/passport no.)

Member/s *

Dated this.................... day of.................of the year ...............

This form shall be completed in typed form.

Name of member who shall be submitting the form to the gov-

erning entity

Insert full name and surname

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