S.L. 386.30 ст. 15Declaration on income. S.L. 386.19.

(1) In addition to the obligations emanating from the

Act and the Companies Act (Register of Beneficial Owners)

Regulations the company shall together with the annual accounts be obliged to deliver to the Registrar for registration a declaration, in the form set out in the Schedule, that the principal income of the company, to the amount of at least fifty-one percent (51%) of its revenue, is generated from agricultural activity and the remaining percentage from ancillary agricultural activity:

Provided that if the annual accounts are delivered without the aforementioned declaration, the Registrar shall refuse to register such annual accounts and for the purposes of regulation 14, the said annual accounts shall not be deemed to be submitted to the Registrar.

(2) Any director of a company making a declaration in accordance with this regulation without having reasonable grounds for the opinion that the company has at least fifty-one percent (51%) of its revenue generated from agricultural activity and the remaining percentage from ancillary agricultural activity, shall be guilty of an offence and liable on conviction to a fine (multa) of not more than fifty thousand euro (€50,000), or to imprisonment for a term not exceeding three (3) years, or to both such fine and imprisonment.