Friday, May 27, 2022

Registrar-General’s Department to delete names of dormant companies beginning April 2019

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The Registrar-General’s Department is to delete the names of all dormant companies on its register beginning April 2019, as part of a large-scale cleaning-up of its database.
The Registrar General Jemima Oware made the announcement  at the Ghana Association of Restructuring and Insolvency Advisors’ (GARIA) end of year cocktail in  Accra .
According to Madam Oware all businesses that have not filed their annual returns for more than a decade and are not on the e-register, are expected to be deleted from the register.
She added that the department’s e-register, which was introduced almost 10 years ago, now has more than 500 thousand registered companies.
She urged all businesses that are yet to re-register to do so before April 2019 to avoid paying steep penalties of 350  and sanctions before being put into the new database with a certificate.
She disclosed that “with this certificate all businesses that you require to place contract with government ,you will get it. If you go in for any government contract and you have not been updated you are going to have a problem because you are not going to have a good standing”
Madam Oware explained that  a business or company’s officers must have unique tax identification numbers, auditors must have a tax identification number, shareholders must have tax identification numbers and annual returns must come with financial statements.
She revealed that there are over a million businesses on the database that have not filed their annual report.
“They just register one time maybe just for a visa or a contract and they do not bother to come back” she said.
The Registrar General was confident that this whole idea was to win out and strike out all businesses that are not doing any serious business in Ghana.
This she said would provide a viable, credible, accurate database of businesses that people can really trust and do.
Story By: Mabel Adorkor Annang

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