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Business News of Saturday, 6 October 2001

Source: Accra Mail

Companies Asked to Submit Annual Returns

All registered companies have been asked to submit their annual returns to the Registrar General by November 30, 2001 or face prosecution together with their directors.

A statement signed by the Chief State Attorney, Mr. J.K. Harley for the Registrar warned that the defaulting companies would as well have their names cancelled in the register.

The statement, however, said no person has been mandated to collect renewals or any fees on behalf of the Registrar-General's Department.

It said "proprietors must effect their renewals either by calling personally at the department or write to the Registrar".

Companies, which fail to adhere to the directives, would have their name published in the Dailies and the Gazette.

The Registrar General reminded Rural and Community Banks incorporated under the Companies Code to deliver to the Registrar for registration annual returns in accordance with the law.

It also reminded proprietors of registered partnership firms and business names of the mandatory annual renewal of the registration of their businesses.

Business names that are not renewed annually automatically lapse, the statement added.