COMPANY LAW UPDATE: EXTENSION OF TIME FOR REGISTRATION OF COMPANY’S BENEFICIAL OWNERS INFORMATION.
January 18, 2022
Enforcement the Companies (Beneficial Ownership) Regulations, 2021 Defining the beneficial owner Mandatory registration of Beneficial Owners by Companies in Tanzania Timeline for registration of Beneficial Owners Time extension for registration of Beneficial Owners’s information 1.0 Introduction As part of the efforts to developing Tanzania in business and investment, but also as a means to regulate corruption […]
Read MoreREGULATORY AND COMPLIANCE LAW UPDATE: THINGS YOU SHOULD KNOW WHEN BUYING AND EXPORTING CASHEWNUT FROM TANZANIA
December 7, 2021
The Tanzanian economy is well known to be dependent on the Agriculture sector. Tanzania is well known to be among the leading Cashewnut producers in Africa. Areas known predominantly for Cashewnut cultivation include the southern coastal regions of the country, near the towns of Mtwara, Kilwa and Dar es Salaam. The Cashewnut Board of Tanzania (CBT) is entrusted with the responsibility of regulating the development of the Cashew Industry in Tanzania. In undertaking its mandated roles the CBT puts more emphasis in improving efficiency and effectiveness in the Cashewnut sub sector in order to meet requirements of different stakeholders thereby enabling them to contribute to the national development. The Board is established under section 3 of the Cashewnut Industry Act No.18 of 2009.
Read MoreCORPORATE SECRETARIAL UPDATE : AMENDMENT TO THE COMPANIES ACT (CAP 212) UNDER THE WRITTEN LAWS (MISCELLANEOUS AMENDMENTS) (NO 3) ACT, ACT NO. 5 OF 2021 IN TANZANIA.
November 26, 2021
The Government of the United Republic of Tanzania, on 28th September 2021, published the Written Laws (Miscellaneous Amendments) (No. 3) Act, Act number 5 of 2021, hereinafter referred to as the Act. The Act, among others, amended various written laws, including the amendment of the Companies Act, (Cap 212 R.E. 2002) of the laws, hereinafter referred to as the Companies Act.
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