Companies to validate with the RGD latest September ending or be delisted

The Registrar General Department (RGD) has strongly indicated that it will delist from the companies’ register by the end of September, any dormant company that fails to take advantage of the validation widow.

According to the Department, doing this will sanitize the companies’ register thus retaining relevant data on companies.

The Registrar General, Jemima Oware indicated in a statement that the exercise which is meant to validate dormant companies to file their annual returns with its outfit will be completed at the end of September 2021.

“We wish to inform the business community and the general public that the RGD will end its validation of dormant companies at the end of September 2021,” it said.

“The exercise is to validate dormant companies which complied with the Registrar of Companies’ directive to file their annual returns with the department or risk being delisted from the companies register,” it added.

DormantCompanies that included public/private companies limited by shares; public/private companies limited by guarantee (associations, fun clubs, churches, etc.); private unlimited companies and external companies were urged to take advantage and comply during the July 1, 2021 start of the validation period after failing to file their annual returns before the June 30, 2021 deadline.

Per the companies Act 2019(Act 992), Companies are required 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 is in business operation or not.

After the end of September 2021, Companies due to be struck off and still in default will be published on the RGD website and in the newspapers.

At this period, the companies will be classified as being inactive and will not be able to be accessed for any business transaction for the next 12 years unless per order of a Court to the RGD for the companies’ reinstatement to good standing.

However, Companies that are in default and are still interested in carrying on business in Ghana with their names, can take the relevant measures to be in good standing.

Also, officials of inexistent companies that are no longer interested in using the business name for business, have been urged to inform the RGD either through a call to the RGDs client service line or write to the Registrar-General to that effect.

The department urges clients to visit its website to view the list of companies that the Registrar-General intends to strike off the Register.

Officials of dormant and defaulted companies are meanwhile being contacted by the RGD to file their returns before September 2021 ends.