Directors of more than 30,000 delinquent companies on the company register could soon have their names, and that of the entities they operate, published on a quarterly basis as the Companies Office of Jamaica (COJ) seeks to enforce compliance.
Companies that will make the list for publication are those that the Agency’s compliance officers have made multiple attempts to engage through field visits as well as written and verbal correspondence.
According to compliance manager at the Companies Office of Jamaica, Heather Mae Sutherland, the Agency has had a challenge in getting company directors and secretaries become compliant in filing the necessary documents.
These include annual returns and change documents.
Statistics from the COJ indicate that Kingston and St. Andrew account for 72 per cent of the delinquency rate.
Under the Companies Act, all registered companies are obliged to file Annual Returns and change notices concerning the operation of the entity.
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