[wanabidii] 4 Pointers To A Fraudulent Company Registration Process

Monday, October 08, 2012
Hi,

A fraudulent company registration process can be very expensive to a business. It can waste a lot of precious time and the losses incurred from lost opportunity can be staggering! That is why, today we would like to give you 4 pointers to a fraudulent company registration. With these pointers, you will be able to spot a fraud from a mile away.

So, what are these four clear pointers to a fraudulent company registration process? These are the things that should get you worried when they start coming up in your company registration process:

1.       Whenever the Name Search for your company exceeds three days, you should start raising eyebrows;

2.       Whenever your company's Memorandum and Articles of Association don't have the Kenya Revenue Authority (KRA) stamp duty affixed on them, then you should start getting worried and demand for it!

3.       If, after submission of your signed Memorandum of Association, your Company Registration Certificate takes more than a month you have reason to be very worried! It normally takes a maximum of 10 working days from the time of receiving the signed memorandum of association from you, never more than a month!

4.       Then, if your Company Registration Certificate comes without the government seal affixed on it, then you have been the victim of a company registration fraud! All company registration certificates MUST bear the government seal.

(Note: Sole proprietorships and partnerships certificates don't come with government seals affixed on them)

These simple pointers could help you save a lot of wasted time. But, even more important, it can help you avoid the inconvenience of wasted opportunity. The last thing you want is to believe you have a company and bid for a contract then have the bank reject your request to open a bank account for your 'company'. Getting your company registration right will certainly guard your reputation and protect your profits!

For more of our articles click: companyxpert.wordpress.com

Thanks and regards,
PayBill Systems
AEA Center, Suite UE-3, Valley Road, Nairobi
Telephone:  0721-901523


                                 ~ Company Registration Done Here~

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