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    Private sector critical to renewable energy target- sector ministry

    Cedi Depreciation: Government urged to enforce laws on pricing in dollars

    Gov’t must invest more resources into agriculture sector – Agribusiness Chamber

    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Farmers worried about possible unfair distribution of MoFA machines

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

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    Cedi Depreciation: Government urged to enforce laws on pricing in dollars

    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

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    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

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    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

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Registrar-General begins validating companies after notice to file returns

byDelali Adogla-Bessa
July 15, 2021
in Business, Top Stories
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The Registrar-General’s Department (RGD), has commenced the validation of companies in line with the directive for dormant companies to file their returns.

Companies that fail to file returns face being delisted from the Companies Register.

The three-month-long review began on July 1, 2021, and will end on September 30, 2021.

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“The review has become necessary after the Final Notice was issued on 18/03/2021 to officials of dormant Companies to file their Annual Returns to be in good standing with the Department,” it noted in a statement.

The strike-off exercise became necessary as a result of the Department’s Company database being bloated with names of dormant companies entered onto the Companies Register.

“In summary, 257,241 Companies existing in the new database had not filed their Returns or Amendments with the Department, and 670,282 Companies in the Legacy system had not carried out their re-registration as at the release of the first Notice in March 2020,” the statement outlined.

“Companies due for strike off still in default after this three-month review would be published in the National Dailies and the Department’s website. A Company’s status at this period would be classified as being inactive and would not be able to be accessed for any business transaction for the next 12 years except by a Court Order to the Registrar to restore it to a status of good standing in the Companies Register,” the statement added.

The department thus advised such companies  “to use this three-month review to undertake all the necessary measures to be in good standing with the Department if they were not able to do so all this time and are still interested in carrying on business with that name.”

It reminded companies that the penalty for late filing remains GH¢450.00 and GH¢50.00 for filing of Annual Returns for each year.

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