16
Mar
Only 25.8 percent of registered companies have declared their beneficial ownership (BO) information, nearly three months after the deadline requiring businesses to do so, Office of the Registrar of Companies (ORC) has said. As of February 27, 2023, the ORC said only 74,316, representing 25.8 percent out of the 287,189 registered companies and businesses, had disclosed BO information to it, despite numerous notices to comply with the law. For failing to comply with the December 31, 2022 deadline, a Principal State Attorney and Assistant Registrar at the ORC, Lysbeth A. Osae, said the over 70 remaining companies, along with some…