DAR ES SALAAM, Oct. 6 -- FOR a company, complying with registration and reporting requirements is more than a legal obligation.

It keeps the business legally visible, protects its corporate identity and helps preserve the rights, assets and relationships built around it.

When these obligations are neglected, however, a company can gradually lose its standing with the regulator even when it may still have assets, contracts, creditors, employees or plans to resume operations.

The Business Registrations and Licensing Agency (BRELA) has issued a final notice of its intention to strike off 5,277 companies, giving affected companies, directors, shareholders and secretaries 90 days to object. The companies have not yet been struck off.

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