Over 1500 inactive companies are to be de-registered, as per the Registrar of Companies, Ms. Mariyam Visam.
The companies are being de-registered due to the fact that they haven’t been paying annual fees to the Ministry of Economic Development.
The list which was released by the Ministry contains 1,597 companies which were registered in between 2002 and 2006.
If any of the companies wish to continue operations, they are required to make all necessary arrangements before 4th August 2019, as per the Ministry.
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