Skip to playerSkip to main content
CCNTV6
  • 6 months ago
Good news tonight for companies that are late in the filing of their Post-incorporation documents.


These documents can include updates on changes to directors, share capital and annual returns.


The information from the Minister of Legal Affairs Saddam Hosein.
Transcript
00:00News tonight for companies that are late in the filing of their post-incorporation documents.
00:05These documents can include updates on changes to directors, share capital and annual returns.
00:11The information from the Minister of Legal Affairs, Saddam Hussein.
00:16So we will have a waiver of penalties for late filing, which will be published by legal notice
00:21from the period January 31, 2025 to September 15, 2025.
00:28And this matter was, in fact, approved by the Cabinet today.
00:35So a company's amnesty, sorry, will be enforced, and I repeat again, from the 31st of January, 2025
00:42to the 15th of September, 2025, it will be an amnesty that operates retroactively.
00:50And as you all know, with respect to what has happened at the company's registry,
00:55there was the introduction and the digitization of key services at the Registrar General's
01:01Department, in particular the company's registry.
01:04He states that it was in part done to meet obligations under the Financial Action Task Force
01:09and the Global Forum.
01:11According to the Minister, over 87,800 documents have been filed using the company's registry
01:18online system for the period January 1, 2023 to May 26, 2025.
01:25As of the 16th of May, 2025, over 27,600 companies were in default of the Companies Registry Act,
01:33having not filed for more than three years.
01:36Hussein recalls the previous audit that was done where over 46,000 companies were struck off
01:42for not having filed their annual returns.
01:45The amnesty will now help them as well.
01:49So that they can in fact now be restored on the register.
01:54The Registrar General will not exercise the power of striking out of the Registry during this
02:01amnesty period.
02:03And I will give you some statistics just now, not only private companies that were struck out
02:08from the register.
02:08To meet challenges companies have been having in online filings, there are plans for an over-the-counter
02:16filing system.
02:17But the companies must be registered for a company's registry account.
02:21He names the National Marine and Maintenance Service Company Limited under the Works Ministry
02:26and Tourism Trinidad Limited as being among those that were struck out.
02:30As for those in breach and have not filed annual returns, well...
02:37Allotrent Limited, the Estate Management and Business Development Company Limited, known as EMBDC.
02:45E-Tech, Export TT, Golan Grove Buku Limited, that was the company set up with respect to the Sandals
02:52Project.
02:53Invest TT, National Commission for Self-Help Limited, National Helicopter Services Limited,
02:59National Information and Communication Technology Company Limited, National Infrastructure Development
03:06Company Limited, that's NITCO.
03:09The National Investment Fund Holding Company Limited, NIF.
03:14The Palo Seco Agricultural Enterprises Limited, PSAEL.
03:19The Rural Development Company of Trinidad and Tobago Limited, that's RDC.
03:24Minister Amin, the Coover Medical and Multi-Trading Facility, CMMF Limited, Trinidad and Tobago Creative
03:32Industries Limited, Trinidad and Tobago Free Zones Company Limited, Trinidad and Tobago Mortgage
03:38Finance Company Limited, and the last one is TTT.
Be the first to comment
Add your comment