PACRA says over 300,000 businesses do not comply with statutory requirements by filing annual returns. The Patents and Companies Registration Agency says it published the list and introduced a waiver to the non-compliant companies in 2025, but the response was not as expected. Speaking during a media briefing, Monday, PACRA Director of Corporate Planning and Compliance Sunbuzwayo Zimba said businesses were required to submit annual returns within 90 days after the end of each financial year. Zimba warned that the continued non-compliance was costing companies business opportunities, credibility and their legal status. “Once a company is born, it carries with it obligations. One of the most important obligations is filing annual returns. The purpose is to provide an update that…
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