{"id":1061231,"date":"2022-04-19T21:22:44","date_gmt":"2022-04-19T21:22:44","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/04\/19\/registrar-general-upwardly-reviews-penalty-for-late-filings\/"},"modified":"2022-04-19T21:22:44","modified_gmt":"2022-04-19T21:22:44","slug":"registrar-general-upwardly-reviews-penalty-for-late-filings","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/04\/19\/registrar-general-upwardly-reviews-penalty-for-late-filings\/","title":{"rendered":"Registrar-General upwardly reviews penalty for late filings"},"content":{"rendered":"

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\n Accra, April 19, GNA – The Registrar-General\u2019s Department (RGD) has announced an 11 per cent upward review of penalty for late filing of Annual Returns for Company Entities with effect from June 30, 2022.<\/p>\n
The increment from GHS450 to GHS500 will affect Private Unlimited Companies, Public\/Private Companies Limited by Shares, Public\/Private Companies Limited by Guarantee of which include, churches, schools, unions, associations and clubs.<\/div>\n
\u201cThese Companies are to file their Financial Statement together with their Annual Returns at a cost of GHS50.00 per year,\u201d the RGD said in a statement.<\/div>\n
According to the Department, external companies, aside paying the fees for all defaulted years, would also pay $750.00 for defaulting to submitting their Accounts to the Department at a cost of $600.00 per year.<\/div>\n
\u201cPartnerships and Sole Proprietorships are to renew their businesses at a cost of GH\u00a250.00 and GH\u00a225.00 per year respectively,\u201d the state agency indicated.<\/div>\n
The RGD encouraged companies to file their beneficial ownership information at a cost of GHS60.00 per company before filing their company\u2019s annual returns or amendments.<\/div>\n
It further called on companies who seek to change name to comply with provisions in the Companies Act, 2019(Act 992) which required a Company Secretary to submit a special resolution for a change of Company Name.<\/div>\n
This, it noted, should include the addition of the appropriate suffix to the end of their Company\u2019s Name by end of December 31, 2022.<\/div>\n
\u201cAll Companies who have not as yet adopted a new constitution in place of their Company\u2019s Regulations are being reminded to do so before the end of the year, 31st December 31, 2022.\u201d<\/div>\n
RGD further entreated clients to desist from using agents and intermediaries, adding that, \u201cthe Department does not have or operate a \u2018Momo\u2019 account, nor does it have a unit tasked to \u2018cancel\u2019 defaulted Companies.<\/div>\n
\u201cPlease be advised to make payment on all transactions to our in-house Fidelity Bank and interact solely with staff who bears name tags when transacting business on our premises.\u201d<\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Accra, April 19, GNA – The Registrar-General\u2019s Department (RGD) has announced an 11 per cent upward review of penalty for late filing of Annual Returns for Company Entities with effect from June 30, 2022. The increment from GHS450 to GHS500 will affect Private Unlimited Companies, Public\/Private Companies Limited by Shares, Public\/Private Companies Limited by Guarantee […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[8516,749,2914,1539,7565,8674],"class_list":["post-1061231","post","type-post","status-publish","format-standard","category-business","tag-filings","tag-late","tag-penalty","tag-registrargeneral","tag-reviews","tag-upwardly"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1061231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1061231"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1061231\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1061231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1061231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1061231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}