Mandatory company re-registration kicks off in June

Magashula PIC: MORERI SEJAKGOMO
Magashula PIC: MORERI SEJAKGOMO

The re-registration of all companies in the country on a new online platform providing free access to the public, kicks off in June and will run for 12 months, the Companies and Intellectual Property Authority (CIPA) has revealed.

Any company that fails to migrate to the Online Business Registration System (OBRS) will be considered non-existent after June next year. The re-registration is the result of a raft of laws passed last year to stamp out economic vices such as money laundering, while enhancing the ease of doing business by shortening the period and processes required to register a business.

Under the new laws, companies on the OBRS will list all shareholders including beneficial owners. In addition, there will no longer be provisions for a company to be “dormant”. Only two statuses will be possible – active and deregistered.  CIPA held a stakeholder briefing with members of Business Botswana this week, where heads of companies were informed that those failing to register their businesses during the 12-month period after June 2019, would have their registration’s terminated.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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