Writeup on the ORC

In today’s #FridayRead we will discuss the new Office of the Registrar of Companies (ORC).
The President of the Republic of Ghana launched the Office of the Registrar under the Ghana’s Companies Act 2019, Act 992. This is an autonomous entity derived from the Registrar-General’s department.
The ORC is to handle the registration of business such as the private public companies limited and unlimited by shares, private public companies limited by guarantee including professional bodies, NGOs, CSOs, schools, churches associations, unions and external bodies as well as provide advisory services.
One of the purposes of the creation of the ORC is to advance corporate governance in businesses and companies operating in Ghana by virtue of Act 992.
As it stands now, the ORC will operate solely to take care of businesses independent of the Registrar-General’s Department although the Registrar-General’s Department will remain active in its other operations such as marriages under special license, administration of estates and intellectual property rights.