The Registrar of Companies has issued an ultimatum from today, Monday 12 June, 2023, to the end of the year, to all professional bodies in the country to renew and update their status.
With the coming into force of the Company Act, 2019 (Act 992), all professional bodies are required, not only to renew and update their status, but also to pay GH¢30 per head of their members.
During an engagement with some professional bodies in Accra last week, Mrs. Jemima Mamea Oware said the Registrar of Companies said the law required the annual renewal of every registered body.
She said failure on the part of any professional body to renew by December 31, 2023, would have their name expunged from the Register.
Similarly, if they also failed to pay GH¢30.00 per the number of members, will also leave such bodies not in good standing with the Registrar of Companies.
This, she said, with the coming into force of the new Act, the professional bodies were required to undertake new registration and be issued with a new certificate.
According to her, the new registration framework mandated the professional bodies that since decades after registering failed to update 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 chartered institutes without informing us. And some are operating without our approval.”
Professor Akwasi Ampofo Twumasi, President of the Chartered Institute of Certified Tax Accountants, indicated that his outfit was 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 ruled that the institution with such a mandate to regulate professional bodies was the Registrar General, and urged all professional bodies to register and update their records with the Registrar of Companies.
