Wednesday, 17 June

ORC warns of penalties for failure to file annual returns by June 30

Business
The Office of the Registrar of Companies

The Office of the Registrar of Companies (ORC) has warned that companies that fail to file their annual returns and financial statements by June 30, 2026, will face penalties.

In a final reminder issued on June 15, the ORC stated that there will be no extension of the deadline for filing annual returns and renewing business names.

According to the Registrar, companies that have failed to file annual returns for five years or more will be required to pay a penalty of GH¢2,000, in addition to the applicable filing fees.

Companies with outstanding annual returns of between one and four years will be liable to a penalty of GH¢1,000, also excluding filing fees.

The ORC said companies that do not submit annual returns together with their financial statements will be considered non-compliant with statutory requirements.

The reminder follows an earlier notice issued on April 28, 2026, announcing the June 30 deadline and urging businesses to regularise their filings.

The Registrar further cautioned that continued non-compliance could result in businesses being removed from the official register, which could affect their legal status and ability to operate.

“We, therefore, urge all companies and business owners to comply with these statutory obligations within the specified timeframe to ensure continuity and avoid the risk of being delisted from the official Register,” the statement said.

The ORC said the directive forms part of efforts to improve compliance and maintain an accurate register of businesses operating in the country.

Source: classfmonline.com