ORC to strike out 8,531 defaulting companies
ā¢ Mrs Jemima M. Oware ā The Registrar-General
Ā The Office of the Registrar of Companies (ORC), has commenced legal processes to remove 8,531 companies limited by shares in deĀfault for more than two years from the companies register by the end of May this year.
Consequently, the ORC would commence the implementation of a one off administrative penĀalty of GHĀ¢1,000.00 against any company in default effective May 1, 2024, which would be strictly implemented in accordance with the Companies Act, 2019 (Act 992).
The decision according to the office, has become necessary to purge the register of dormant companies and companies in deĀfault for failure to file their annual returns and update their records as directed by the Registrar of Companies in accordance with Section 126 of the Companies Act 2019 (Act 992).
This was announced in a stateĀment issued and signed by the Registrar of Companies, Ghana, Mrs Jemima Mamaa Oware.
According to the statement, 8,531 companies limited by shares both private and public have failed to comply with the registrarās directive to file their annual returns each year; hence, they have been found to be in default.
āThese companies can, howĀever, still file their annual returns together with their audited finanĀcial statements with the office by the end of May 2024 before the process of striking off companies is completed,ā the statement said.
āIt is worth noting that the ORC has taken this decision after two years of rigorous sensitisaĀtion and multiple publications of these companies in default in the media and our official website as the Companies Act, 2019 (Act 992) requires of the Registrar of Companies,ā the ORC said.
It said despite all the efforts by the ORC to encourage stakeĀholders to file their returns, some companies have still not complied with this directive.
The statement said, per section 289 (5) (Act 992), a company that has its name struck off from the register was not permitted to conĀduct business under the company name for 12 years.
āA company struck off the Register can only be restored by the Registrar of Companies after a court finds sufficient cause and therefore issues an order to the Registrar of Companies directing the restoration of the delistĀed name to the Register as per section 289 (7) of the Companies Act 992,ā the ORC indicated.
The statement advised comĀpany officials to visit the ORCās website and also check in the national dailies, to find published names of affected companies to be struck off.
Read Next
February 15, 2024
Hundreds protest over state of Ghana football
February 15, 2024
āWe want a credible investor for FGR Bogoso-Prestea Mine
February 15, 2024
PAC orders AAMUSTED to recover GHĀ¢33m locked-up investment
February 15, 2024
Change current hardship narrative
February 15, 2024
Dr Bawumia responsible for current economic hardship ā NDC
February 15, 2024
Ghana marks 20 years of HIV anti-retroviral treatment
February 15, 2024
Reshuffle: Ā Pres fires 23 ministers in major shake-up!! .13 ministers, 10 deputies go home .8 new ministers, 11 deputies, .6 ministers of state appointed
February 15, 2024
Man nabbed for robbery, inflicting knife wounds on policeman
February 15, 2024
3 in court for unlawful demolition of house at Nungua
February 15, 2024
Driver remanded for stabbing passenger over 50 pesewas change
Ok
Good
š
Ok
Nice
Good
Kk
Good