Kingston, Jamaica (Mckoy’s News) – COJ Targets Delinquent Companies/Directors: The Companies Office of Jamaica, the COJ will clamp down on delinquent companies and directors who are non-compliant.
According to Compliance Manager at COJ Heather Mae Sutherland, there are 30,000 delinquent companies on the register who could soon have their names and that of the entities they operate published on a quarterly basis as the agency seeks to enforce compliance.
She said COJ has made multiple attempts to engage such persons through field visits as well as written and verbal correspondence.
Mrs Sutherland also informed that the agency has had a challenge in getting company directors and secretaries to become compliant by filing the necessary documents which include annual returns and change notices.
These outstanding obligations by delinquent companies include annual returns.
Under the Companies Act, all registered companies are obligated to file Annual Returns and change notices concerning the operation of the entity.
Statistics from the COJ indicate that Kingston and St Andrew accounts for 72 percent of the delinquency rate.
Contributed by Dr Colin O Jarrett