The Registrar General’s Department has served notice that companies that fail to file their annual returns for 2017 before the end of April, will be severely penalized.
According to the Department, failure to adhere to this directive after the deadline would attract a roll-over of penalty for the previous year of GH₵300 in addition to the current penalty of GH₵50, making it GH₵350, as well as the statutory fees which companies and partnerships are required to pay.
In an interview with Citi Business News, Public Relations Officer for the Registrar General’s Department, Constance AdomaTakyi called on companies to beat the deadline and exempt themselves from being penalized.
“It is April and we are asking companies that have not filed their annual returns to do so by the 30th of April, failure to which we are going to increase the penalty”, she stressed.
She explained that all information needed by companies to file their annual returns had been issued to the in a press release.
“We issued a press statement earlier in the year reminding companies that they have up until April 30th to come and file their annual returns for the year 2017. They have between now till 30th April to do so after the 30th April deadline there is an additional penalty that they will have to pay”.
The Registrar-General’s Department’s main objective of issuing these statements for companies, partnerships and businesses are to ensure compliance of the Companies Act 179 and not to punish businesses.