ORC takes over from Registrar-General’s Department to register and regulate all business entities in Ghana
Office of the Registrar of Companies (ORC) has announced its readiness to deal with all business entities in the country henceforth, including their registration and regulations.
In a release signed by the Registrar of Companies, Jemima Mamaa Oware, it has said that the ORC which ought to “have been set up 55 years ago but has now been established in line with the original intent of the framers of the Companies Act, 1963, (Act 179)” will now assume responsibility of all company registrations, whereas the Registrar-General’s Department would take care of registration of marriages, industrial property rights, amongst other things.
Read the full statement below:
FOR IMMEDIATE RELEASE
15th August 2022.
OFFICE OF THE REGISTRAR OF COMPANIES (ORC) TO REGULATE AND REGISTER ALL BUSINESS ENTITIES IN GHANA.
The Governing Board and Management of the Office of the Registrar of Companies (ORC) wishes to inform its cherished clients and the General Public that the Office of the Registrar of Companies is a newly established Public Institution with the mandate to register and regulate all types of Business Entities in Ghana.
This follows the successful launch of the ORC by the President of the Republic, H.E. Nana Addo Dankwa Akufo-Addo on 22nd July, 2022. The Office, established by the Companies Act 2019, (Act 992) was hived off from the Registrar-General’s Department (RGD) as a separate financially autonomous Office.
The import of this is that, the Registrar-General’s Department (RGD) will no longer be responsible for Business registrations in Ghana. However, the Department would perform other functions which would include the registration of Marriages, registration of Industrial Property Rights, registration of Public Trusts and Administration of Estates. The Registrar-General was meant to temporarily perform the functions of the Registrar of Companies now being carried out under the ORC from the onset. The ORC should therefore have been set up 55 years ago but has now been established in line with the original intent of the framers of the Companies Act, 1963, (Act 179).
The Office of the Registrar of Companies (ORC) will henceforth be responsible for the registration of all Private/Public Companies which are Limited /Unlimited by Shares, Public/Private Companies Limited by Guarantee, External Companies, Sole Proprietorships, Subsidiary Business Names, Partnerships, Limited Partnerships and Professional Bodies.
Other functions of the ORC would include serving as the Regulator of Insolvency Practitioners under the Corporate Insolvency and Restructuring Act 2020 (Act 1015) and its Amendment, (Act 1031) as well as the Official Liquidator for Government Institutions. The ORC would manage its own finances and fixed assets and appoint Inspectors, Receivers or Managers to ensure the effective compliance with the Companies Act, 2019(Act 992).
The General Public is hereby reminded that the ORC will continue to operate from the same premises with the RGD in all our branches across the country namely; Accra, Kumasi, Takoradi, Tamale and Sunyani until the construction of its Head Office is completed and its operations moved there.
For further enquiries, please contact the ORC on 055-765-3130/030-266-6180/030-266-4691. WhatsApp/Telegram on 055-765-3130 or any of our social media handles @ORC GHANA.
ORC – BRINGING EFFICIENCY TO BUSINESS REGISTRATIONS AND REGULATION IN GHANA.
JEMIMA MAMAA OWARE (MRS)
REGISTRAR OF COMPANIES