Registrar General Extends Deadline

Oct. 18, 2024 by Senyo Bissabah
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The Registrar General’s Department through a communique has extended deadlines for filing of annual returns. This was in response to the lock-down announced by the President
The deadline has been extended for the filing of annual returns for the following entities.

 
 
 
 
 
Entities
Old Deadline
Extended Deadline
Companies Limited by Guarantee
30th April 2020
30th June 2020
Companies Limited by Shares
30th April 2020
30th June 2020
External Companies
30th April 2020
30th June 2020
Partnerships
30th April 2020
30th June 2020
 
 
 
Implications
 

This means that, should your company or partnership not file its returns on time, you will  have to pay a penalty. There is a new rate of GH¢450 which will take effect from Monday July 6, 2020.

NB: Newly incorporated companies have 18 months from the date of incorporation to submit their annual returns.

 
 
 
Action points - Changes in filing annual returns
 
 
 
 
 

A two month extension shouldn’t mean waiting till the last week to start compiling documents. The Companies Act, 2019 (Act 992) was assented into law on 2nd August 2019. This brought more requirements and changes which may affect your annual return filing. Some of the changes include the following.

  • A new requirement for the Company Secretary to be duly qualified under the Act
  • Enhanced corporate governance requirements for company directors
  • Registration of ‘beneficial owners’ with the registrar of companies when it is formed
 
 
 
Takeaway
 

During this period of restricted movements, it might be useful to start preparing the information you will need for your annual return. If you need any help filling in the forms or appointing a qualified company secretary, get in touch here and we’ll be happy to assist.

Published by:

Senyo Bissabah

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