220 institutions to be deleted from Company’s Register at the end of September
The Registrar Generals Department (RGD) has finalized the move to take out 220 institutions from the list of Company Register, beginning October 1, 2021.
Every company that has been reminded by the department to update its profile for several years now but failed will all be taken out.
Jemima Oware, the Registrar General, said that most of these firms have been informed and she’s ready to delete their names.
“Companies due for strike off will be published on both the Registrar General’s Department website and the national dailies. This is to enable debtors and creditors to approach the department and finalized all outstanding business negotiation before the final deletion” she said.
At this point, all such companies can’t engage in any business transaction for the next 12 years except by a Court Order to the Department for reinstatement to good standing in the Companies Register.
The Managements of the defaulted companies are being contacted by the Registrar General Department and informed that if they still want to continue with their businesses, they should file for their returns before the end of September 2021.
According to the Companies Act 2019 (Act 992), every company is supposed to update their records and file their financials with the Registrar-General 18 months after incorporation and at every financial year, whether the company was in business or not in operation.
The defaulted companies’ includes financial services, domestic supplies, Small and Medium Enterprises, agribusiness and small scale retail businesses.
By: George Addo | Join our Telegram Channel
