More than 100,000 companies axed off CIPA's register

Friday, December 11, 2020

Capital Centre: Fairgrounds Office Park is home to several business advisories. The re-registration period has ended for companies PIC: MORERI SEJAKGOMO

About 117,000 companies have been struck off the Companies and Intellectual Property Authority (CIPA) register after the December 2 deadline to re-register on the Online Business Registration System elapsed.

BusinessWeek has learnt that another 200,846 business names were also removed from CIPA’s books in line with the deadline.

Under the provisions of several acts passed in 2018, any company that did not migrate to the Online Business Registration System (OBRS) was due to be deregistered after December 2. The Investment, Trade and Industry ministry had provided a six-month extension from June 2, to cater for movement restrictions caused by the coronavirus (COVID-19).

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More than 100,000 companies axed off CIPA's register

About 117,000 companies have been struck off the Companies and Intellectual Property Authority (CIPA) register after the December 2 deadline to re-register on the Online Business Registration System elapsed.