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