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16.09.2021 Business & Finance

Registrar General’s Department to end validation of dormant companies in September

Registrar General’s Department to end validation of dormant companies in September
LISTEN SEP 16, 2021

The Registrar-General’s Department (RGD) would end its validation of dormant companies at end of September, 2021.

The exercise which started on July 1, 2021 according to the Department was to validate dormant companies which adhered to the directive of the Registrar of Companies to file their annual returns.

The department earlier on warned all such companies to either file their returns or risk being delisted from with the companies register.

In a statement signed by the Registrar-General Mrs. Jemima M. Oware, the department noted that the validation period was an opportunity given to companies that could not file their annual returns before the June 30 deadline for any reason.

Defaulted companies, it said, are advised to take necessary measures to be in good standing with the Department if they are still interested in carrying on business with that name.

“A Company 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 Department for reinstatement to good standing in the Companies Register,” it warned.

The full statement is published below:

Date: 15th September, 2021.

THE NEWS EDITOR

RGDTO END VALIDATION OF COMPANIES IN SEPTEMBER, 2021

The Registrar-General’s Department (RGD) wishes to inform the Business Community and the General Public that it would end its validation of dormant Companies at end of September, 2021.

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. Companies that could not file their Annual Returns before the June 30th deadline for any reason were 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.

Companies due for strike off still in default after end of September, 2021 would be published in the national dailies and the Department’s website. A Company 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 Department for reinstatement to good standing in the Companies Register.

Defaulted Companies are advised to take necessary measures to be in good standing with the Department if they are still interested in carrying on business with that name. Meanwhile dormant and defaulted Companies Officials are being contacted by the Department to file their Returns with the Department before end of September, 2021.

The Department urges clients to visit our website www.rgd.gov.gh, click on News and scroll down to view list of Companies the Registrar-General intends to strike off the Registrar.

Officials of Companies which are no more in business and would not use the name for business or not in existence should inform the Department through a letter to the Registrar-General or call the clients service line on 055-765-3130 and 030-266-6081 to indicate strike off or for further enquiries.

Please note that there would be no further extensions after the validation period at the end of September, 2021.

SIGNED.

JEMIMA M. OWARE (MRS)

REGISTRAR-GENERAL

James Appiakorang
James Appiakorang

News ContributorPage: JamesAppiakorang

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