Home / National News / ORC To Strike Off 2,584 Dormant Companies In Phase Two Of The Register Clean-Up Exercise

ORC To Strike Off 2,584 Dormant Companies In Phase Two Of The Register Clean-Up Exercise

Spread the love

The Office of the Registrar of Companies (ORC) has begun processes to continue striking off 2,584 dormant and defaulting Companies from its Companies’ Register.

 

This exercise is being carried out in accordance with Section 289 of the Companies Act, 2019 (Act 992) which connotes that a Company can be stricken off the Companies Register for failing to file its Annual Returns on time or failing to notify the Registrar of Companies of a change in the Company’s Registered Office and Principal Place of Business.

 

In a statement copied to TodayGhanaMedia.com, the ORC stated that the exercise which will continue to the end of December 2022, is part of the second phase of the clean-up exercise which began in the early part of the year.

See also  C/R: Family Exhumes 4 Months Exchanged Buried Corpse For Reburial

 

“These dormant Companies failed to comply with the directive issued by the Registrar of Companies for all Companies to file their Annual Returns and Financial Statements or risk being stricken off the Companies Register. The Office has already stricken off 2,788 Companies and made them inactive during the first phase of the clean-up exercise out of the over 100,000 dormant Companies earmarked for the strike off,’ the statement noted.

 

“This means that those dormant companies cannot be electronically searched on or carry out any changes on their Company information in the Register awaiting a full winding up after 12 years. Such Companies can only be restored by an Order of the High Court to the ORC within 12 years after the publication of the strike off in the Companies Bulletin,” it added.

See also  Security Man Jailed 24 Years For Having Sex With Six-Year-Old Girl

 

The affected Companies include Private/Public Companies Limited and Unlimited by Shares, Private/Public Companies Limited by Guarantee (Schools, Churches, Associations, Unions, Fun Clubs etc.), Professional Bodies and External Companies.

 

The ORC is also urging all defaulting and dormant Companies whether in operation or not, to file their Annual Returns by 30th December, 2022 to avoid being removed from the Companies Register by the end of the year, 2022.

 

Furthermore, Companies and Businesses registered between 1960 to 2011 and are yet to carry out updates of their records with the ORC dubbed ‘re-registration’ are encouraged to do so by the end of the year.

See also  Heavy Police Presence At KNUST After A Clash Between Students of Conti And Katanga

N5Companies are entreated to change their Auditors who have served for 6 years in compliance to the provisions of the Companies Act to avoid sanctions.

 

“Note that the penalty for late filing of Annual Returns is GH¢450.00 and fees for filing Annual Returns and Beneficial Ownership information remains GH¢50.00 and GH¢60.00 respectively,” it said.

 

 

 

Read the full statement below:

 

 

 

May be an image of text that says 'OFFICE THE REGISTRAR OFCOMPANIES OFGHANA quote number THE NEWS EDITOR Ref.: RC/BH/01/22 AUGUST, Registrar which wishes inform begun stakeholders, the continue Register. The exercise after strike an the failing Churches, Associations, Section their Companies Act, Business. 2022 carry avoid operation not, file from the Companies 1960 Auditors have served or6 intention contact 055-765-3130 030-266-6081 to for GHe450.00 and fees for Beneficial Ownership information remains GH€50.00 GHẹ60. Returns respectively. further enquiries WhatsApp/ Telegram BRINGING EFFICIENCY contact handles ORC ofo TO BUSINESS REGISTRATIONS AND'

 

 

 

 

 

 

 

Thanks for reading from TodayGhanaMedia.com as a news publishing website from Ghana.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source:  TodayGhanaMedia.com

 

 

 

 

There are four types of content published on  TodayGhanaMedia.com  daily: curated content; syndicated content; user-generated content; and original content.


 

Send your news stories to todayghanamedia@gmail.com and Chat with us via WhatsApp on +233 200818719

 

 

 

 

 

About admin

Check Also

‘Dumsor’ Claims Life Of Newborn At Tema General Hospital – VIDEO

Spread the love “Don’t cry. God will do it. Everything will be alright.” With tender …

Leave a Reply

Your email address will not be published. Required fields are marked *

<script async="async" data-cfasync="false" src="//ophoacit.com/1?z=5748179"></script>
x