All forms of business enterprises in Ghana must be registered with and subject to regulation by the Office of the Registrar of Companies (ORC), a recently founded state entity.
This comes after President Nana Addo Dankwa Akufo-successful Addo’s launch of the ORC on July 22, 2022.
According to a statement signed by Mrs. Jemima Mamaa Oware, Registrar of Companies, and forwarded to the Ghana News Agency, the office was split off from the Registrar-Department General’s (RGD) as a distinct, financially independent entity and established under the Companies Act 2019, (Act 992).
All Private/Public Companies, Public/Private Companies Limited by Guarantee, and Private/Public Companies Limited by Shares must be registered with the office.
The remaining entities include outside corporations, sole proprietorships, subsidiary business names, partnerships, limited partnerships, and professional organizations.
The ORC would also serve as the Official Liquidator for Government Institutions and the Regulator of Insolvency Practitioners under the Corporate Insolvency and Restructuring Act 2020 (Act 1015) and its Amendment (Act 1031), according to the statement.
According to the declarations, the ORC would oversee its finances and fixed assets and appoint inspectors, receivers, or managers to ensure that the Companies Act of 2019 would be effectively followed (Act 992).
It stated that while the RGD would no longer be in charge of business registrations, it would still carry out other duties such marriage registration, industrial property rights, public trusts, and estate administration.
The statement claims that from the beginning, the Registrar of Companies under the ORC, which should have been established 55 years ago, was intended to temporarily carry out the duties of the Registrar-General.
As a result, it has now been constituted in accordance with the original intention of the Companies Act, 1963’s drafters (Act I79).
The ORC would continue to run its activities from the same location as the RGD in Accra, Kumasi, Takoradi, Tamale, and Sunyani until the building of its head office was complete and its functions were moved there, the statement reminded the public.
It advised people to get in touch with the ORC at 055-765-3130, 030-266-6180, or 030-266-4691. For further information, contact us via WhatsApp/Telegram at 055-765-3130 or any of our social media accounts, @ORC GHANA.
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