The Registrar of Companies has issued an ultimatum for all professional bodies in the country to renew and update their records.The professional bodies were given from Monday June 12 to December 31, 2023, to regularise their records.
The ultimatum was to ensure that all professional bodies conform to the new Company Act, 2019 (Act 992).
Mrs. Jemima Mamea Oware, speaking during an engagement with some of the professional bodies in Accra last week, said per the new Act, the professional bodies are required to re-register and renew same annually.
She said failure on the part of any professional body to renew by the end of the year would have a sequential effect, including a possible expulsion of name from the register, Mrs Oware indicated that some of the names of the professional bodies had been in the register for over four decades. Meanwhile they have never renewed their records.
She added that although there were about 85 professional bodies “we also realised some of you the professional bodies have amended your names and your titles, whiles some of you have moved on to become chattered institutes without informing us. And some are operating without our approval.”
Mrs Oware also disclosed that the new Act requires all professional bodies to pay GH¢30.00 for each of their members.
She added that the professional bodies that will pay fully for their members are the ones the Registrar would consider to be in good standing.
Professor Akwasi Ampofo Twumasi, President of Chartered Institute of Certified Tax Accountants indicated that his outfit is in a legal tussle with the National Accreditation board on the specific institution mandated to regulate professional bodies.
He added that the High Court had settled the matter that the institution with such a mandate to regulate professional bodies was the Registrar General.
He, therefore, urged all professional bodies to register and update their records with the Registrar of Companies.
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