The Registrar Generals Department has served notice to the Business Community and the general public that it will end its validation of dormant companies at the end of September this year.
The exercise was to validate dormant Companies which adhered to the directive of the Registrar of Companies to file their Annual Returns with the Department or risk been delisted from the Companies Register.
In a statement signed and copied to Citi Business News, the RGD said Companies that could not file their Annual Returns before the June 30th deadline for any reason are urged to take advantage and comply during the validation period which commenced on 1st July, 2021.
These dormant Companies were Public/Private Companies Limited by Shares, Public/Private Companies Limited by Guarantee (Associations, Fun Clubs, Churches etc.), Private Unlimited Companies and External Companies.
Companies are required by the Companies Act 2019 (Act 992) to update their records and file their financials with the Registrar-General eighteen (18) months after incorporation and at every financial year whether the Company was in business operation or not in operation.
Find below the full statement: