Changes in registered particulars
Section 8 of the Registration of Business Names Act requires that if any change(s) occur regarding any particulars registered in respect of a firm or an individual, such firm or individual is required to furnish the Registrar within 14 days, a statement in the prescribed form (Business Name Form VI) signed by all partners stating the nature and date of change. The statutory filing fee of a Notice of Change in Registered Particulars is K65,000.
Change in Business Name
Where an applicant wishes to change the name of the business, he/she should complete a Notice of Change in Particulars (Business Name Form VI) and surrender the original Certificate. Once payment of a statutory fee of K105,000 and the proposed name is approved, a Certificate for Change of Name is issued.
Annual return for Business Names
Regulation 10 of the Registration of Business Names Regulations 1998 (Statutory Instrument No.100 of 1998) requires every business registered under the Act to submit to this Office its annual return not later than three (3) months after the end of its financial year.
Annual Returns are filed on BN Form VIII and must be submitted in duplicate. The normal filing is K35,000 per year. However, if the Annual Return Form is submitted after the expiration of three (3) months from the date of the financial year a late filing of K70,000 must also be paid together with the normal filing fee bringing the total to K105,000.
Cessation of the business
If any firm or individual who has been registered ceases to carry on business, "It is the duty of the persons who are partners at the time it ceases to carry on business to file within three (3) months after cessation of business in a prescribed form (Business Name Form VII) that the firm or individual has ceased to carry on business. The filing fee for Notice of Cessation of Business is K25,000. The original Certificate of Registration must also be surrendered to PACRO. Upon payment of fees, the Business Name is removed from the register.
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