Mauritius | Registry Information, What's its Value (Prabha Chinien)
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Mauritius | Registry Information, What's its Value (Prabha Chinien)

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Mauritius | Registry Information, What's its Value (Prabha Chinien) Presentation Transcript

  • 1. REGISTRYINFORMATIONVALUE AND RELEVANCE IN THE CORPORATE WORLD TODAY PRABHA CHINIEN REGISTRAR OF COMPANIES, MAURITIUS CRF, AUKLAND 2013
  • 2. OUTLINE• THE PURPOSE OF A REGISTRY• CORPORATE DATA• USE OF DATA• CHANGING ROLE OF REGISTRY• CONCLUSION AUKLAND 2013
  • 3. 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
  • 4. CORPORATE DATA• Sharing of data with other users• No duplication of data• Useful for : Business community Lending institutions Track on investment AUKLAND 2013
  • 5. USE OF DATANATIONAL OBJECTIVE: Legal context to provide info to public Central database as a trusted source of information Statistical purposesINTERNATIONAL OBJECTIVE Doing business report Positioning country as a great place to do business AUKLAND 2013
  • 6. Use of data• Historical data• Analysis• Disclosure• Corporate governance• Strategy of company• Marketing AUKLAND 2013
  • 7. 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
  • 8. Is the Registry performing in line withits 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
  • 9. Are we still seen as a provider ofinformation 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 ? AUKLAND 2013
  • 10. What is the relevance of theinformation provided?Two issues:• Data may not be updated if not given within delay• Legal Liability on registry if acts on inaccurate information AUKLAND 2013
  • 11. ConclusionBalancing act –• Statutory role with market reality• Legal protection AUKLAND 2013
  • 12. THANK YOU AUKLAND 2013