2,584 dormant companies to be delisted for failing to file Annual Returns, Financial Statements- ORC
The exercise, which is the second phase of its clean-up, started this year and is expected to continue till the end of the year.
The Registrar of Companies has indicated that a total of 2,584 companies risk being delisted from the Register of companies for their failure to file their Annual returns and Financial Statements as required by law.
The exercise, which is the second phase of its clean-up, started this year and is expected to continue till the end of the year.
Already, the exercise has seen the deletion of 2,788 out of the targeted 100,000 companies, which include private/public companies limited and unlimited by shares; private/public companies limited by guarantee. These also include schools, churches, associations, unions, fan clubs, professional bodies, etc.
Speaking at an engagement with the press in Accra on August 29, 2022, the Registrar of Companies, Madam Jemima Oware indicated that the exercise is being carried out per Section 289 of the Companies Act, 2019 (Act 992).
She added that the said companies were given ample time by the outfit coupled with numerous publications but still failed to comply.
Explaining the import of the deletion, Madam Oware noted that “those dormant companies cannot be electronically searched on or carry out any changes on their company information in the Register awaiting a full winding up after 12 years.
“Such companies can only be restored by an Order of the High Court to the ORC within 12 years after the publication of the strike off in the Companies Bulletin.”
She thus urged all the defaulting companies to file their annual returns by December 30, 2022, to avoid being deleted from the register.
For companies and businesses registered between 1960 to 2011, the Registrar of Companies entreated them to update their records with the ORC by the end of the year.
