The Office of the Registrar of Companies (ORC) has extended the deadline for filing of Annual Returns and Renewals up to September 30, 2023.
“The extension of the deadline is to enable Companies and Businesses in default to complete the processes for filing their Annual Returns and Renewals which they invariably could not complete due to the downtimes experienced by our software application system throughout the period”, a statement from the ORC explained .
It added that the deadline extension applies to Business Names, Companies Limited by Shares, Companies Limited by Guarantee (Churches, Schools, Non-Governmental Organization’s [NGO’s], Civil Society Organization’s [CSO’s], Foundations, Associations, Unions, Societies, Charities etc.), External Companies, Partnerships and Professional Bodies.
The statement pointed out that as of June 30, 2023, Companies and Businesses registered by the Office of the Registrar of Companies since 2011 and those that had complied by filing their Annual Returns and Renewals and in good standing are as follows;
Business Entity | Number Registered | Number in Good Standing | Number Not in Good Standing |
Companies Limited by Shares | 220,214 | 46,704 | 173,510 |
Companies Limited by Guarantee | 71,104 | 19,074 | 52,030 |
External Companies | 1,379 | 438 | 941 |
Partnerships | 2,883 | 752 | 2,131 |
Business Names(Sole Proprietorships) | 721,817 | 235,481 | 486,336 |
Subsidiary Business Names | 6,318 | 1,293 | 5,025 |
The ORC assured that it will commence the process of striking off Businesses and Companies in default from the Register by the end of September 2023. Section 5A (2) of the Registration of Business Names Act, 1962 (Act 151) empowers the Registrar of Companies to remove from the Register any Business Name and Subsidiary Business Name in default for a period of 3 months after the year has ended.
"Kindly note that the ORC would still implement fully for first time section 126(7) of the Companies Act, 2019 (Act 992) which spells out the administrative penalty of GHC300.00 (currently GHC12.00 per unit for 25 Penalty Units) to be charged against the Companies and every officer for each day the default continues for non-filing".
The Office therefore urged companies not rest on their oars because of this extension but continue to prepare all the necessary documents to file their Annual Returns on time to avoid paying this Administrative Penalty or push their Companies into a status of not being in good standing.
Business Name Owners (Sole Proprietorships) and Partnerships are also to renew their businesses by using the short code *222# and follow the prompts and make payment on the Ghana.gov.gh platform or visit any of our offices in Accra or the Regions to make these payments at our onsite Fidelity Bank.
It cautioned that under no circumstance should any Company or Business Name Owner make any Mobile Money (Momo) transfer to any ‘Momo’ account in the name of the Office of the Registrar of Companies or Registrar-General’s Department. The Office does not operate or have a ‘Momo’ Account neither has the ORC authorized any person to act on its behalf by Striking off the names of Companies in default. Please be vigilant against Scam calls and text messages demanding such ‘Momo’ transfers.
"Kindly contact us on 055-765-3130(WhatsApp/Telegram) or 0302-666-081/03032-664-692 or any of our social media handles on Facebook, Twitter, LinkedIn and Instagram @ORC Ghana".
Latest Stories
-
God makes rulers, not you; you can’t choose your successor – Mahama to Akufo-Addo
35 mins -
Contributors own SSNIT, they must decide who becomes its Director-General – Austin Gamey
1 hour -
Move away from theory-based learning towards practical learning approaches – AUCC President to students
2 hours -
Haaland scores as Manchester City beat Nottingham Forest
3 hours -
Villas-Boas elected Porto president
3 hours -
Situation on frontline has worsened, Ukraine army chief says
3 hours -
US doctor describes witnessing starvation in northern Gaza
3 hours -
CAFCC: RS Berkane make final after USM Alger refused to play 2nd leg over Moroccans’ jersey
3 hours -
Elon Musk in China to discuss enabling full self driving
3 hours -
PSG clinch Ligue 1 title after Lyon’s win over Monaco
5 hours -
Guinness Ghana sets the pace at Ghana Beverage Awards with six awards
6 hours -
Burkina Faso suspends BBC, VOA radio broadcasts over killings coverage
6 hours -
Nicole Kidman honoured with AFI Life Achievement Award
6 hours -
Brassier scores winner for Brest as they edge Rennes to secure European football
6 hours -
Akufo-Addo jabs Ejisu independent candidate; rubbishes allegations to rig by-election
7 hours