More than 600,000 companies could have their names deleted from the database of companies, the Registrar-General, Jemima Oware has stated.
Speaking to Citi Business News on the sidelines of a seminar by the Institute of Directors Ghana on Director Responsibilities in the New Companies Act 992, Mrs. Oware said the defaulting companies will be given a time frame to correct any anomaly that may apply to their registration, and that failure to do so would require a penalty followed by their companies being expunged from the database.
“We have over a million companies on the register, but many of them are not doing any serious business. So we are going to come up with a notice very soon. If you know you have a business and you are not interested in carrying on, just inform us so we take it off the register.”
According to her, the Registrar-General’s Department plans on publishing a list of all companies that are not in good standing and are up for possible deletion.
The Companies Act, which was passed last year, replaces the older version which was in existence for more than fifty years.
Source: citibusinessnews
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