ORC

BVS Compliance Watch: Office of the Registrar of Companies (ORC) Staff on Strike

According to reliable information received, the staff members of the Office of the Registrar of Companies (ORC) have commenced a strike starting Wednesday, June 3, 2024. The primary reason behind this industrial action is their demand for an improved condition of service, which encompasses various aspects, including compensation. This development has implications for the general […]

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BVS Compliance Watch: ORC Inspectors To Visit Company Offices To Conduct Compliance Audits.

The Office of the Registrar of Companies (ORC) will send inspectors to company offices to conduct compliance audits, focusing on statutory registers (members, directors, etc.), annual returns filings, and other compliance requirements. Reach out to Secretary & Associate for your compliance solutions at secretary@bvsgh.com / +233 550 301 080.

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BVS Compliance Watch: One-time administrative penalty of GHC1,000.00 on defaulting companies by the ORC.

Starting from May 1, 2024, the Registrar’s Office will enforce a one-time administrative penalty of GHC1,000.00 on defaulting companies, in accordance with the Companies Act, 2019 (Act 992). Reach out to Secretary & Associate for your compliance solutions at secretary@bvsgh.com / +233 550 301 080.  

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BVS Compliance Watch: Removal of Defaulted Companies from Register by the end of 31st May 2024.

The Office has commenced legal processes to remove Companies Limited by Shares in default for more than two (2) years from the Companies Register by the end of 31st May 2024. This action is prompted by companies’ failure to comply with Section 126 of the Companies Act 2019 (Act 992), neglecting to file Annual Returns

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3 Sections of Companies Act unconstitutional — Supreme Court

The Supreme Court of Ghana has ruled that certain sections of the Companies Act, 2019 (Sections 13 (2) (h) (i), (ii), and 172 (2) (a) (i), (ii)), which prevent individuals charged with criminal offenses involving fraud or dishonesty from becoming directors or promoters of a company, are unconstitutional and therefore invalid. This means that individuals

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