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No new companies have been able to register to legally conduct business in this country since last year.
That is because the Companies Registry System’s “aged servers” crashed since December 9 and have not been up and running since then.
And although the Office of the Attorney General and Ministry of Legal Affairs has admitted that the ongoing ordeal has caused a great inconvenience to members of the public, the problem is not expected to be fixed for the next two weeks.
The registry is responsible for the Incorporation of companies, under the Companies Act; the Registration of Business names, under the Registration of Business Names Act; the Registration of Non-Profit organisations under the Non-Profit Organisations; and the Registration of Newspapers under the Newspapers Act.
That means for the last month and a half, no new companies would have been able to register to legally conduct business in T&T.
It also means that no new business names could be registered or claimed.
As a result, any businesses with the intention of starting operations since December 9, that had not been registered before that date have been left in limbo concerning business transactions or even property purchases or contractual negotiations with other business entities.
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