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The Companies (Amendment) Bill, 2025
Parliamentary Period:
Fifth Session of the Thirteenth Assembly
The object of this Bill is to amend the Companies Act, so as to—
(a) prohibit the operation of an entity as a company without incorporation;
(b) revise the grounds on which the Registrar can reject an application for incorporation;
(c) give effect to the Financial Action Task Force recommendations relating to beneficial ownership of legal persons;
(d) impose a penalty on a company that continues to carry on a business with members, or share capital, below the prescribed minimum;
(e) revise the penalty on a company that continues to carry on a business with directors below the minimum number specified under this Act;
(f) prohibit the issue of a bearer share or bearer share warrant;
(g) revise the provision relating to documents to be lodged with the annual returns of a company; (h) revise the grounds on which the Registrar may de-register a company; and
(i)provide for matters connected with, or incidental to, the foregoing
Bill Stage:
Presentation
First Reading
Second Reading
Committee Stage
Report Stage
Third Reading
Assent
Bill: