mauritius | registry information, what's its value (prabha chinien)
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REGISTRY INFORMATION VALUE AND RELEVANCE
IN THE CORPORATE WORLD TODAY
PRABHA CHINIEN REGISTRAR OF COMPANIES, MAURITIUS
CRF, AUKLAND 2013
AUKLAND 2013
OUTLINE
• THE PURPOSE OF A REGISTRY• CORPORATE DATA• USE OF DATA• CHANGING ROLE OF REGISTRY• CONCLUSION
AUKLAND 2013
ROLE OF THE REGISTRY
CORE PURPOSE MISSION OBJECTIVES VISION
• DATA BASE OF CORPORATE INFORMATION
• STAKEHOLDERS /CONSUMERS OF INFORMATION PUBLIC (CORPORATE SECTOR) GENERAL PUBLIC
ACCESS TO INFORMATION
AUKLAND 2013
CORPORATE DATA
• Sharing of data with other users • No duplication of data• Useful for : Business community Lending institutions Track on investment
AUKLAND 2013
USE OF DATA
NATIONAL OBJECTIVE: Legal context to provide info to public Central database as a trusted source of
information Statistical purposes
INTERNATIONAL OBJECTIVE Doing business report Positioning country as a great place to do business
AUKLAND 2013
Use of data
• Historical data• Analysis • Disclosure• Corporate governance• Strategy of company • Marketing
AUKLAND 2013
CHANGING ROLE OF REGISTRY
• Is the Registry performing in line with its primary objective?
• Are we still seen as a provider of information for the corporate world?
• What is the relevance of the information provided?
AUKLAND 2013
Is the Registry performing in line with its primary objective?
Major shift in role:• From a regulator to a facilitator…• To be seen as an aid to business
community to:• Start businesses• Assist businesses to comply with the law
AUKLAND 2013
Are we still seen as a provider of information for the corporate world?
• Ease of access to information through:• Modes of communication - updated
info through e.g internet, social network• Is the information kept sufficient ?
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What is the relevance of the information provided?
Two issues:• Data may not be updated if not given within
delay• Legal Liability on registry if acts on
inaccurate information
AUKLAND 2013
Conclusion
Balancing act –
• Statutory role with market reality• Legal protection
AUKLAND 2013
THANK YOU