The Office of the Registrar of Companies per Section 353 of the Companies Act, 2019 (Act 992) (the Companies Act) is established to register and regulate all types of businesses in conformity with the Act and other relevant enactments.

1. Classification of Companies
Section 381(1) of the Companies Act provides that the Minister for Justice may make Regulations for the efficient and effective implementations of the provisions of the Companies Act. The Regulations shall include regulations for classifying companies as large, medium or small to grant waivers and exemptions under the Companies Act. Regulation 51 (2) of the Companies Regulations, 2023 (L.I. 2473) (Companies Regulations) provides that the classification of the companies shall be based on
(a) the turnover of the company; or
(b) any variable determined by the Registrar in consultation with the Board.

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