Registrar of Companies (Mauritius) Presentation CRF 2009
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Presentation by the Registrar of Companies (Mauritius)

Presentation by the Registrar of Companies (Mauritius)

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Registrar of Companies (Mauritius) Presentation CRF 2009 Registrar of Companies (Mauritius) Presentation CRF 2009 Presentation Transcript

  • From paper based to electronic based registry D.P.Chinien Corporate Registers Forum 2009 – March / April - Cape Town
    • Background
    • Factors behind the change
    • Beginning of the change
    • International consideration
    • Benchmarking
    • Financial services sector
    • Doing Business Report
    Corporate Registers Forum 2009 - Cape Town
    • How was this achieved?
    • Policy decision prior to 1984- corporate sector to be another pillar of the economy
    • Regulatory
    • Institutional
    • International
    • Benchmarking
    Corporate Registers Forum 2009 - Cape Town
    • Political and social climate-conducive to business
    • Democracy and an independent judiciary contributed enormously
    • Climate to give investor confidence
    • Good infrastructure
    • Highly educated and skilled workforce
    • Friendly relations with many countries
    • Double taxation agreements with 33 jurisdictions
    Corporate Registers Forum 2009 - Cape Town
  • Companies Act 1984 Companies Act 2001 Financial services Act Code of Corporate Governance Financial Reporting Act Stock Exchange Act ( Securities Act) Insolvency Act 2009 Corporate Registers Forum 2009 - Cape Town
    • Companies Division- Companies and Businesses
    • Stock Exchange Commission (Financial Services Commission )
    • Financial Reporting Council
    Corporate Registers Forum 2009 - Cape Town
    • Promotion of the corporate culture
    • Expectations of the public - Increased awareness
    • Launch of « offshore »
    • Implementation of Legislative reforms of 2001
    Corporate Registers Forum 2009 - Cape Town
    • From paper to electronic…………….
    • Making the Registrar ‘s office the central database for all entities
    • Need to review the actual system
    • Conversion of the Manual system into a computerised system
    • launch of the computerisation system – early 1990s
    Corporate Registers Forum 2009 - Cape Town
  • File No.:3000 Name of Company: ABC Ltd Incorporated: 01.01.90 Corporate Registers Forum 2009 - Cape Town File No.:3000 Name of Company: ABC Ltd Incorporated: 01.01.9 File No.:3000 Name of Company: ABC Ltd Incorporated: 01.01.90
  • Corporate Registers Forum 2009 - Cape Town ABC Ltd Incorporated
  • ‘ Putting People First…………’ Corporate Registers Forum 2009 - Cape Town
    • Customer Focus –
    • through:-
    • re-organisation of office layout
    • Specialisation of units
    • Excellent Customer Service Award 2003
    • ISO certified - 2006
    • Excellent Public service Award 2007
    • Doing Business Report
  • “ EASE OF DOING BUSINESS The present framework for doing business and its incentive system works against democratising the economy and competitiveness Mauritius ranks 32 nd in the 2006 Doing Business Survey….We must do better. We need to be in the top ten. the Registrar of Companies will be the sole place for a business to register before starting operations Corporate Registers Forum 2009 - Cape Town
  • Statutory - The Business Facilitation Act To facilitate business – e.g no requirement under the Companies Act 2001 to reserve a company name Statutory obligation by the Registrar to communicate information to all departments/agencies Corporate Registers Forum 2009 - Cape Town
  • Corporate Registers Forum 2009 - Cape Town
  • Corporate Registers Forum 2009 - Cape Town Applicant Registrar of Businesses BOI MRA Social Security Local Govt Sehda Application for incorporation or registration + Fees Certificate of Incorporation Business Registration Card and Guidelines
  • Online application for incorporation and Business Registration (October 2006) E-payment of yearly registration fees E-filing of corporate information Online search for corporate information Integrity of data: security audit carried out - Dec 2008 ISMS- Information Security Management system –ISO27001 Corporate Registers Forum 2009 - Cape Town
  • Internet MNS ROC Frame Relay Incorporation Business Registration E-filing Online search E-payment of fees MACSS Commercial Banks Payment Instruction Bank of Mauritius GOC Internal Users
  • ISO certification Integrity of data: security audit carried out - Dec 2008 ISM- Information Security Management system –ISO 27001 Corporate Registers Forum 2009 - Cape Town
  • The road to success…………… . is a never – ending one !!!! Corporate Registers Forum 2009 - Cape Town