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Business Registration and Licensing Agency (BRELA) introduced a new online system.
BRELA directed that Companies that were registered prior commencement of the online registration system must be reconciled by Registrar officials before entered into this new Online Registration System.
Those Companies will be updated and then uploaded to Online Registration System by the company’s owner or Company Secretaries.
That is to say no filing or changes will be accepted without being reconciled to ensure that all records in the file are properly filed ready to be uploaded to the system.
However BRELA has directed that if the Company is quite confident that it’s records in the file with Registrar of Companies are in proper order, can create an Online Registration System account, whereby company will be required to provide registration number and TIN and the company will be verified with TRA then subsequent BRELA will verify the uploaded information and upon your data will be available electronically in the Online Registration system.
CONSEQUENCES OF FAILURE TO UPDATE YOUR COMPANY RECORDS INTO ONLINE REGISTRATION SYSTEM.
As a consequence your company will be prohibited to do any business with banks, financial institutions, public sector or deal with international partners.
Kindly update your records.
Credit: BRELA website
