The Registrar-General’s Department (RGD) says it will by the end of June this year, strike out over 250,000 businesses from its new companies database (eRegister).
The move follows failure of companies to file their annual returns or re-register with the Department.
It also comes on the back of two earlier notices issued on May 12 and on December 1, 2020, reminding companies about the imminent cleanup of its register.
“Only 266,765 Companies have filed their Annual Returns out of the total 524,006 Companies registered in the new Company database (eRegistrar) since 2012 to 2020,” Mrs Oware stated.
The exercise, according to the Registrar General has become necessary as a result of the Department’s database being over-bloated with names of 740,628 dormant companies registered between 1963 to 2011, with only 70,346 being updated onto its new database.
“After June 30, the names of the Companies/Partnerships that have still failed to comply with the moratoriums granted, will be struck off the register and company deemed dissolved,” she added.
Further cautioning that companies must take the necessary steps to act on this final notice, as the Department would deem companies that do not update their records with the Department cannot carrying on doing business in the country.
