In Brief: Time Frame: Six months (6) grace period. Compliance: All mining companies holding Special Mining Licenses to list their share with the Dar es Salaam Stock Exchange within 6 months. Subsequent Holders of Special Mining Licenses after publication of the Regulations required to list their shares immediately after commencement of mining operations. The publishing […]
COMPANY VOLUNTARY WINDING UP: LAW AND PROCEDURE IN TANZANIA
An in depth analysis of the laws applicable on voluntary winding up A partial breakdown of other modes of winding up 1.0 Introduction Winding up is defined by the Black’s Law Dictionary, 9th Edition, to mean the process of settling accounts and liquidating assets in anticipation of partnership or corporation’s dissolution. In a winding […]
LABOUR COMISSIONER ORDERS WORK PERMITS’ SCRUTINY WITHIN 30 DAYS FOR ALL NON-CITIZENS IN TANZANIA.
In Brief Time Frame: Thirty days (30) grace period for all non-citizens working in Tanzania to submit their work permits to the nearest labour office for verification. Compliance: All employers and non-citizens working in Tanzania. Penalty for default: Arrest and detention. Content of the order: Breakthrough Attorneys is aware that on Wednesday, 22nd February 2017, […]
TANZANIA BUSINESSES REGULATORY AND LICENSING AGENCY (BRELA) REQUIRES COMPANIES TO FILE ANNUAL RETURNS AND AUDITED FINANCIAL REPORTS BY 8TH MAY 2017
In brief Time Frame: Three months’ grace period from the date of notice for all companies to file their overdue returns. Compliance: All companies to file their annual returns accompanied with audited financial statements for every year of filing. Sanction for default: Company shall be struck off the Companies’ register and court action shall be […]