In Brief: The general public and government agencies are urged to conduct due diligence on registration status of companies before entering into any business transaction with any Company. Compliance: Verification of legal status of Companies for business transactions. Content of the Notice The general public, local government, ministries and government agencieshave been put on notice […]
THE LAW, PRACTICE AND PROCEDURE ON ALTERATION OF MEMORANDUM AND ARTICLES OF ASSOCIATION OF A COMPANY IN TANZANIA.
1.0 Introduction Alteration of the memorandum and articles of association is permissible for companies registered in Tanzania. This may be done when a company seeks to alter its objects contained in its memorandum or when the company is converted from private to public and vice versa. The Corporate Department at Breakthrough Attorneys has believes that there is less information on the law, […]
COMPANY VOLUNTARY WINDING UP: LAW AND PROCEDURE IN TANZANIA
An in depth analysis of the laws applicable on voluntary winding up A partial breakdown of other modes of winding up 1.0 Introduction Winding up is defined by the Black’s Law Dictionary, 9th Edition, to mean the process of settling accounts and liquidating assets in anticipation of partnership or corporation’s dissolution. In a winding […]
TANZANIA BUSINESSES REGULATORY AND LICENSING AGENCY (BRELA) REQUIRES COMPANIES TO FILE ANNUAL RETURNS AND AUDITED FINANCIAL REPORTS BY 8TH MAY 2017
In brief Time Frame: Three months’ grace period from the date of notice for all companies to file their overdue returns. Compliance: All companies to file their annual returns accompanied with audited financial statements for every year of filing. Sanction for default: Company shall be struck off the Companies’ register and court action shall be […]
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