Registrar of Companies slow
The Registrar of Companies is still far behind the times despite reported plans for computerisation and government rhetoric about e-commerce, and is unable to provide information without rigorous paper work. The department recently reported a big increase in the number of new companies with the total number of companies registered up to October being 3,218, exceeding last year's figure of 3,116.

A total of 4,000 companies are expected to register this year.The increase is believed to be due to the better economic conditions, the more liberalized economy and better facilities.

However, when The Sunday Times FT inquired about the type of companies that have been registered, the capital used, and other information about defunct firms, an official at the department said such research hasn't been carried out yet and was unavailable. (RS)

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