The Ministry of Justice has published on its website the names of businesses, locally incorporated companies and foreign companies deemed deregistered from “31 December 2021”. These are available at https://www.justice.gov.fj/deemed-dereg-listing/
The purported date of deregistration i.e. 31 December 2021 is wrong and should instead refer to 1 January 2022. The Companies Act 2015 in section 759(1) provides “if a company fails to apply for reregistration within the period specified …. by the Minister…. the company is deemed to be deregistered on the day after the date appointed by the Minister by notice in the Gazette…”. Similar provisions exist for business names and foreign companies.
Our 10 July 2020 Legal Alert briefly discussed the consequences of failing to re-register by the deadline. These consequences are severe particularly for Fiji incorporated companies. Different consequences apply for foreign companies and business names. The Registrar may reinstate the registration of a locally incorporated company if satisfied that the company should not have been deregistered.
Please contact Glenis Yee, Janice Fong or Divyasha Patel for further information on this Alert.
Disclaimer
The information and opinions in this Legal Alert are for general information purposes only. They are not intended as specific legal or other professional advice and should not be relied upon or treated as a substitute for specific advice. Munro Leys can accept no responsibility for any loss arising from reliance on the general information contained in this Legal Alert.