Office of Registrar of Companies initiates process to remove 8,500 companies
Despite persistent outreach endeavors urging stakeholders towards adherence, a significant cohort of companies has regrettably failed to meet the stipulated obligations, prompting the ORC’s decisive intervention.
In a decisive move aimed at upholding regulatory compliance, the Office of the Registrar of Companies (ORC) has commenced proceedings to expunge approximately 8,531 non-compliant entities from its register.
Citing prolonged lapses in the submission of annual returns, alongside the requisite fees and financial statements spanning over two years, the ORC underscores the imperative nature of this course of action. The Companies Act, 2019 (Act 992) serves as the legal mandate necessitating such stringent measures, following exhaustive sensitization efforts and multiple public disclosures of delinquent firms via various media platforms and the official ORC website.
Despite persistent outreach endeavors urging stakeholders towards adherence, a significant cohort of companies has regrettably failed to meet the stipulated obligations, prompting the ORC’s decisive intervention.
While the removal process is slated for completion by May 2024, companies are afforded a fleeting opportunity to rectify their status. A fervent appeal is extended by the ORC for the prompt submission of overdue annual returns and audited financial statements before the stipulated deadline, thereby forestalling the imminent removal.
In light of the impending ramifications, companies expelled from the register face a consequential hiatus spanning 12 years, precluding them from engaging in commercial activities under their registered names. The prospect of restoration remains contingent upon a court decree, mandating a thorough review of just cause prior to reinstatement.
Furthermore, the ORC remains steadfast in cautioning against fraudulent schemes, unequivocally disavowing any association with purported Mobile Money Accounts soliciting payments under its aegis. Such admonitions serve as a pivotal safeguard against potential financial malfeasance amidst the stringent regulatory landscape.
In a concerted bid to reinforce compliance and mitigate future infractions, the ORC announces the implementation of an administrative penalty regime effective May 1, 2024. A levying of GH¢1,000 against defaulting entities underscores the resolve to foster a culture of accountability, consistent with the tenets of the Companies Act 2019.
These resolute measures underscore the ORC’s unwavering commitment to upholding regulatory sanctity and preserving the integrity of the corporate governance framework, thereby fortifying investor confidence and safeguarding the interests of stakeholders.
Source:norvanreports
Navigating todays Social Security Disability application steps could be a disheartening task for some. The method could be complex and time-consuming, in addition to chances of getting rejected are great. That’s where a social security disability attorney at law is available in. A legal professional will allow you to navigate the program process, enhance your likelihood of becoming authorized, and appeal a denied claim. In this essay, we’re going to reveal 5 issues linked to the part of a social security disability attorney.
Going through the Social Security Disability application system with the aid of legal counsel
The social security disability application process could be complicated additionally daunting. A lawyer will allow you to comprehend the requirements and show you through the procedure. They could also assist you to gather the required health related information and proof to aid your very own demand. They could also help out with preparing anyone for the hearing, if required.
The importance of medical-related evidence in a Social Security Disability case
Medical evidence is vital in a social security disability case. It is utilized to show which you maintain a medical condition that prevents you from doing work. Legal counsel can help you assemble the required medical proof and introduce it in a fashion that is most likely to be established because of the social security administration. They may be able also allow you to receive medical records along with other forms that support your case.
Frequent misconceptions more than Social Security Disability and exactly how legal counsel often helps
There are lots of common myths more than social security disability. As an example, lots of people think that only those people who are permanently disabled are qualified to receive benefits. Then again, this isn’t true. A lawyer makes it possible to comprehend the eligibility requirements and dispel any misconceptions you have. They could also provide assistance with how exactly to present your case when you look at the most favorable light.
The appeals process for denied Social Security Disability scenarios and just how a legal professional will help
In case your claim is denied, you’ve got the directly to appeal. A lawyer will allow you to comprehend the appeals process and represent you through the hearing. They are able to also allow you to gather additional evidence and improve a stronger case to improve your odds of winning.
How to pick just the right Social Security Disability lawyer or attorney for the case
It is essential to choose legal counsel who’s got skills dealing with social security disability matters. Try to find legal counsel that is acquainted with the social security administration’s procedures and procedures. Its also wise to feel comfortable communicating with them and trust their judgment. Try to find a lawyer who are able to give clear and truthful solutions to your questions and offer direction all through the procedure.
In closing, a social security disability lawyer or attorney can play a vital role when you look at the application and appeals process. They can assist you to get around the procedure, raise your chances of getting accepted, and appeal a refuted claim. A legal professional will help you recognize the eligibility needs and run off any beliefs you may have. You need to choose a legal professional who’s got experience approaching social security disability cases, in accordance with that you feel at ease communicating.
If you want to know more more info on this informative article content go visit our S.S.A. lawyer firm website online:
[url=https://jonsipes.com/practice-areas/covid-19-and-social-security-disability-benefits/][color=#000_url]london disability lawyer in El Paso, TX[/color][/url]