The Office of Registrar of Companies has announced to its cherished clients, company officials, and all stakeholders that the office has commenced a legal process to remove companies limited by shares in default for more than two years(2) from the company’s register by the end of May 2024.
This decision has become necessary to purge the registrar of dormant companies and companies in default for failure to file their annual returns and update their records as directed by the registrar of companies in accordance with section 126 of the Companies Act 2019 (act 992).
In a statement available to Metro TV, the Office of Registrar of Companies explained that currently 8,531 companies limited by shares (both private and public) as at December 2023 have failed to comply with the registrar’s directives to file an annual returns each year hence they have been found to be default.”
Consequently, these companies would be struck off by the company’s registrar by 31st May 2024. These companies can however still file their Annual returns together with their audited financial statements with the office by the end of May 2024 before the process of striking off companies is completed.
The company officials are kindly reminded that the office will commence implementing one of the administrative penalty 1,000.00 against any company in default effectively on 1st May 2024 which will be strictly in accordance with the companies act 2019 (act 992).
The ORC indicated that all affected companies are kindly reminded that, as per section 289 (5) act 992 “a company that has its name struck off from the register is not permitted to conduct business under the company for twelve (12) years. A company struck off from the register can only be restored by the registrar of companies after the court finds sufficient cause and issues an order to the registrar of companies directing the restoration of the delisted name to the register as per 289 (7) of the companies act 992.”
The Office of Registrar of Companies cautioned that under no circumstance should “any company official make a mobile money to any momo account in the name of the office of the registrar.”
By: Josephine Mekpa | Metrotvonline.com | Ghana
