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The office of the Registrar General will begin this month the removal of dormant organizations from the register of companies.
“This will be the first batch of companies to be delisted this month out of more than 100,000 companies registered since 2011,” the statement added.
The delisting will affect companies that do not comply with the Ministry’s directive to file their annual reports or update their records.
These companies are public / private companies limited by shares, public / private companies limited by guarantee (associations, leisure clubs and churches), unlimited private companies and external companies.
A statement released by Clerk Jemima Oware said the exercise became necessary after the three-month validation process conducted by the department was completed from July to September 2021.
The exercise consisted of examining a sample group of companies that were not in good standing with the Department.
The Registrar said that 257,241 companies in the database had not filed any returns or changes with the Ministry since 2011.
The press release also indicates that 670,282 companies in the old system (old database) had not updated their data called “Re-registration” in March 2020.
He said the delisting process will begin with the removal of 3,100 companies from the company register.
The Registrar therefore urged defaulting companies (active or not) to take steps to regularize their activities and update their records with the Department to avoid being deregistered.
The press release states that anyone with knowledge of the non-existence of a business or no longer having an interest in the business name or deliberately wishing to liquidate or dissolve the business, or no longer interested in the name business representative should write to the Registrar General indicating such intentions.
The provision of section 289 of the Companies Act 2019 (Act 992) states that a company may be removed from the register due to the failure of the company to file its annual returns on time or due to a change head office and principal of the company. place of business without notifying the Registrar of Companies.
The law mandates the Registrar of Companies to liquidate companies whose offices are known not to be in business, after notices and a moratorium have been given to these companies to file their annual declarations and not be still conformed.
The status of a business after being written off would be classified as inactive and could not be accessed for any business transaction for the next 12 years, except by a court order to the ministry to restore it to rule status in businesses. .
He said the ministry, in accordance with the Companies Law of 2019 (Law 992), released three posts on its website and national dailies notifying their intention to undertake its first company registry cleanup exercise for the make it precise and credible. .
“Two notifications have already been issued on May 12 and December 1, 2020, with the final notice being published on March 19, 2021,” he said.
The Department urged defaulting businesses to visit its website to find the first batch of businesses listed for deletion or find them in national dailies.
The statement said company officials, who find their company name in the published list, could still file their annual returns with the ministry to avoid being deregistered by the end of October 2021.
He said the company delisting exercise would continue until the end of December 2021.
The next batch of companies to send notices to would be the companies, partnerships and trade names in legacy data from 1963 to 2011, which still have not updated their records with the department dubbed “Reregistration.”
The ministry therefore urged defaulting companies to file their annual declarations, renewals, modifications or update their so-called “re-registration” files to avoid being deregistered.
He said the end of the fiscal year would ensure a credible, reliable and up-to-date register of companies, partnerships and trade names that were operating in accordance with the various laws governing their operations.
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