{"id":1161534,"date":"2022-07-29T09:57:42","date_gmt":"2022-07-29T09:57:42","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/07\/29\/about-one-million-company-records-not-updated-registrar-of-companies\/"},"modified":"2022-07-29T09:57:42","modified_gmt":"2022-07-29T09:57:42","slug":"about-one-million-company-records-not-updated-registrar-of-companies","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/07\/29\/about-one-million-company-records-not-updated-registrar-of-companies\/","title":{"rendered":"About one million company records not updated\u2014Registrar of Companies"},"content":{"rendered":"

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\n Accra, July 29, GNA\u2014Mrs Jemima Oware, Registrar of Companies, says about one million companies have not updated their records with the Office of the Registrar of Companies (ORC).<\/p>\n
She said the ORC was working with the companies and taking them through various stages to have their details updated.<\/div>\n
\u201cIt is everyone\u2019s duty to update their company records. Some have done it and others haven\u2019t, but we are working on it to ensure compliance,\u201d she said.<\/div>\n
Mrs Oware said this during the five-year anniversary celebration of Veritas International Nominees and Trustees Limited in Accra.<\/div>\n
The occasion was commemorated with a round table discussion on the topic: \u201cDoing Business in Ghana: A Legal Perspective.\u201d<\/div>\n
She noted that the ORC was developing a user-friendly system to allow company owners to submit their applications to the Office.<\/div>\n
\u201cThe new software will be coming in a year\u2019s time. It is about to be advertised for the developer to start work on it. This online system would be more digital than what we have now. You would submit your applications online; we will work on it at the backend and then you print out your details.\u201d<\/div>\n
Mrs Oware urged business owners to take advantage of the online system upon its launch so that they could easily interact with the Office.<\/div>\n
She said henceforth, the Ghana Card would be the unique identifier in place of the Taxpayer Identification Number (TIN).<\/div>\n
The Registrar of Companies said that would help track everyone in the system and deal with fraudulent activities.<\/div>\n
Mrs Lady-Ann Essuman, Founder and Supervising Director, Veritas International Nominees and Trustees Limited, said establishing companies made businesses professional and gave them legal backing for future expansion.<\/div>\n
Mrs Essuman said setting up businesses also allowed the entrepreneur to contribute to the economy by employing people and paying taxes.<\/div>\n
She advised company owners to involve lawyers when starting a company to ensure sustainability.<\/div>\n
Mr Edward Ashong-Lartey, Director of Investor Service at Ghana Investment Promotion Centre (GIPC), said even though COVID-19 affected the economy, foreign investors still looked to Ghana to transact business because the right systems were in place.<\/div>\n
\u201cEven though we had COVID, we saw a marginal increase and we are hoping it increases this year,\u201d he added.<\/div>\n
He said GIPC did not only deal with foreign businesses but also, Ghanaian ones and assured that their doors were widely opened to cater for such businesses.<\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Accra, July 29, GNA\u2014Mrs Jemima Oware, Registrar of Companies, says about one million companies have not updated their records with the Office of the Registrar of Companies (ORC). She said the ORC was working with the companies and taking them through various stages to have their details updated. \u201cIt is everyone\u2019s duty to update their […]<\/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":[1537,2194,290,356,21722],"class_list":["post-1161534","post","type-post","status-publish","format-standard","category-business","tag-companies","tag-company","tag-million","tag-records","tag-updatedregistrar"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1161534","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=1161534"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1161534\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1161534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1161534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1161534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}