Mass terminations of company registrations loom

Numbered days: Any company failing to register by next Tuesday will be deregistered
Numbered days: Any company failing to register by next Tuesday will be deregistered

A year-long exercise to migrate all registered companies in the country to an online database, ends this Tuesday with reports that a large majority of inactive and semi-active entities opted out of the exercise, effectively terminating themselves.

Under the provisions of several acts passed in 2018, any company not migrating to the new Online Business Registration System (OBRS) will be deregistered after June 2. After Tuesday, there will be no provision for “dormant” companies; all companies in Botswana will either be active and registered online or deregistered.

The policy move is part of government’s efforts to plug money laundering loopholes and also enhance the ease of doing business.

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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