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    Ghana’s total exports decline by 9%

    Cedi depreciates against the dollar by 22.5%

    Financial sector withstood 2022 shocks; positive signs ahead – BoG

    Water shortage to hit parts of Accra; businesses to be affected

    Excise tax amendment shows positive signs; rakes in GHS 140m 

    Ghana records over $200m trade surplus in two months

    Public debt hits GHS 575.5 billion; now 71.9% of GDP

    GEPA poised to achieve over $4bn target for non-traditional exports

    GRA fights off claims of harassing traders; calls for cooperation

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    Cedi depreciates against the dollar by 22.5%

    Financial sector withstood 2022 shocks; positive signs ahead – BoG

    Water shortage to hit parts of Accra; businesses to be affected

    Influx of Chinese tanker trucks will kill local businesses – Kwame Jantuah

    GRA fights off claims of harassing traders; calls for cooperation

    Hanno Barkhoff joins Kempinski Hotel Gold Coast City Accra as General Manager

    WTO Director-General calls for ratification of Fisheries Subsidies Agreement

    B5 Plus is an iconic testament of success of 1D1F initiative – K.T. Hammond

    BoG advised me to streamline Menzgold operations – NAM 1

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    Ofori-Atta commends G20 for AU’s inclusion, urges common voice

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    African Union to launch regional credit rating agency in 2024

    New study reveals alarming food access disparity affecting 650 million Africans

    Global food price index declines in August

    ECO currency challenges: Technical committee attributes delays to external shocks, others

    African leaders emphasize in-continent processing of mineral wealth at climate summit

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Registrar-Generals Department extends date for filing of annual returns for 3 months

byNerteley Nettey
May 13, 2020
in Local Economy, Top Stories
Jemima Oware, Registrar-General.

Jemima Oware, Registrar-General.

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As part of measures to alleviate the economic burden on taxpayers due to the novel Coronavirus pandemic, the Registrar-Generals Department (RGD), has extended the deadline for the filing of annual returns from April 30th,  to July 31st, 2020, for all companies whose financial year ended by 31st December, 2019.

According to the Department (RGD), companies are expected to take advantage of the extended period to file their Annual Returns, as they would be required to pay an increased flat penalty rate of GHS 450 for non-compliance effective Monday August 3, 2020

A statement issued by RGD and signed by the Head of Public Relations, Constance Adomaa Takyi, stated that, “the extension has become necessary due to the increasing number of Coronavirus cases in the Country, which has resulted in the inability of most Companies to hold their Annual General Meetings as scheduled.”

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It also stated that, these measures affect companies limited by shares, limited by guarantee, external companies and renewal of partnerships.

All other companies whose financial year ended any time before 30th June, 2020, are also expected to file by 31st December 2020.

Among other demands, the RGD said all businesses that wish to be in good standing in “our Register for business purposes should make every effort to comply timeously with the directive for filing of Annual Returns”.

“It is mandatory as stated in Section 126 (1 &2) of the Companies Act, 2019, (Act 992), that a Company shall at least once in every year deliver to the Registrar for registration an Annual Return including particulars of every member of the Company and every beneficial owner of that Company in the form and relating to matters prescribed in the Fifth Schedule.”

“Under section 6(1) of the Incorporated Private Partnerships Act, 1962, once every year the Partners shall deliver to the Registrar of Partnerships a statement in the prescribed Form renewing the Partnership,” it added.

Furthermore, per section 5A (2) of Act 151, Sole Proprietorships are required to renew their business names once in every year or shall be deemed to have lapsed whereupon the Registrar may take the Business Name off the Register. To be in good standing in our database and prevent being taken off the Register, Business Names would have to pay for the number of years they have not renewed up to date BUT are not expected to pay any penalty.

It also reminds the business community and the general public that all payments should be made at the Department’s on-site Bank, Fidelity Bank Limited or any other branch of Fidelity and not to any individual or any Mobile Money Number

“Online filling of Annual Renewals/Returns can also be done via our portal (www.rgdeservices.com) and annual returns can only be done when the portal user is associated with the Company,” the RGD added.

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