Registrar -General’s Dept on warpath: 100,000 dormant coys to go!!…as maiden clean-up train to delete names from database begins

The Registrar General’s Department (RGD)is ready to delete the names of greater than 100,000 dormant firms from its database in its maiden clean-up train to make sure a reputable and up to date register of firms.

The train begins this month with 3,100 firms, the primary batch of firms registered since 2011, however had did not firm with a directive to file their annual returns or replace their data.

An announcement issued in Accra yesterday by the Registrar-General, Mrs Jemima Oware mentioned the businesses included public/non-public firms restricted by shares; public/non-public firms restricted by assure corresponding to associations, enjoyable golf equipment and church buildings; non-public limitless firms, and exterior firms.

It mentioned the train which might proceed till the top of December this 12 months,  had change into essential after the top of the three months validation course of performed by the Department from July to September this 12 months, to evaluate the sampled group of firms not in good standing.

It mentioned greater than  257,241 firms present within the database had not filed their returns or amendments with the Department since 2011 and 670, 282 Companies within the Legacy System (Old database) had not carried out the replace of their information dubbed “Re-registration” as at March, 2020.

“The Department therefore urges all defaulting Companies (whether in operation or not in Operation) to take measures to regularise their business and update their records with the department to avoid being delisted”, it mentioned.

The assertion mentioned any firm official with data of the corporate’s non-existence or having no extra curiosity within the firm‘s name or willfully wanting to wind-up or dissolve the company or being no more interested in the company’s enterprise identify ought to inform the  Registrar-General indicating such intention.

It mentioned the train was backed by part 289 of the Companies Act 2019 (Act 992) which states that an organization may very well be stricken off the Register because of the failure of the Company to file its annual returns on time or as a result of a change within the Company’s Registered Office and Principal Place of Business with out notifying the Registrar of Companies.

“The Act mandates the Registrar of Companies to wind up companies whose office is known not to be in operation after notices and a moratorium have been given to such companies to file their Annual Returns and yet have not complied.”, it mentioned.

The assertion mentioned an organization’s standing after the strike off at this era could be categorised as being inactive and wouldn’t have the ability to be accessed for any enterprise transaction for the subsequent 12 years besides by a Court Order to the Department to revive it to a standing of fine standing within the Companies Register.

It mentioned firm officers who discovered the identify of their Companies within the listing to be printed within the newspaper and the web site of the division,might nonetheless file their annual returns with the Department to get their names off the listing and keep away from being delisted by the top of the month.

It mentioned the subsequent batch of companies to be despatched notices could be the businesses, partnerships and enterprise names within the Legacy Data from 1963 to 2011 who had nonetheless not up to date their data with the division.