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Papua New Guinea

PNG investment body removes 1500 companies from registry

The Papua New Guinea Investment Promotion Authority (IPA) has removed more than 1,500 companies from its registry because they haven’t submitted annual returns.

The PNG Post Courier reports that the companies had been given over four months to comply before being deregistered.

A total of 2,723 defaulting companies were listed in the Notice of Intention to remove them from the register on March 8, this year. Following the notice, a total of 1208 complied.

 


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About Samantha Magick

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