An Insolvency Practitioner is a person who is qualified to be appointed as a Receiver, Receiver Manager or judgment receiver, a liquidator or business rescue administrator. The Registrar will determine whether a person qualifies to be accredited as an Insolvency Practitioner or not in accordance with section 9, 30, 141, and 142 of the Corporate …
An Application for registration of amalgamation (Companies Form 37) is filed to the Registrar under section 289 of the Companies Act No. 10 of 2017. Two or more companies may amalgamate and continue as one of the companies in the amalgamation or as an entity incorporated under the Act. A record of merged or amalgamated …
What is the procedure for amalgamation of companies? Talk to me about amalgamation Read More »
A company is a voluntary business association of two or more persons formed for the purpose of making a profit. A company must be incorporated for a lawful purpose. By law, a company is a legal entity that is separate from its members (owners). It continues to exist even after the demise or changes of …
A Business Name is an association of one or more individuals or corporations that would like to form a partnership with one another for the purpose of carrying on business for profit. A Business Name or Commercial name identifies an enterprise. What do I need for Registration? A completed and signed Application for Registration of …
Firstly you need to cease your business name What do I need to cease a Business Name? You need to complete a Notice of Cessation (Business Name Form XIII) The Business Name must be compliant with Annual returns How much will this cost me? Cessation – K83 Local Company Name Clearance –K90.00 Local Company Registration …
An approved name can be reserved for 90 days. The name will be available for registration to the applicant during the 90-day reservation. A reserved name that is not registered or reserved again expires after 90 days. If your reserved name expires you will have to submit a new name clearance application. How much will …
My proposed name has been approved but I am not ready to register yet, help me? Read More »
If your name clearance was approved as a business name, you need to fill in an Application for Business Name Registration (BN Form III). If your name clearance was approved as a company, you need to fill in an Application for Incorporation of a company (Companies Form 3. If your name clearance was approved as …
PACRA will review your application for name clearance. The Registrar may reject an application for name clearance if in his opinion the name is too similar to that of an already existing company or if the name is misleading or undesirable. Prior to submitting an application, you need to consider the following guidelines to improve …
The first step to registering a business is deciding whether you want to register a business name or a local company. What is the difference between a business name and a company? A Business name has no legal personality while a limited liability company is a body corporate, which means that it is a person …
