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

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

  1. 1. REGISTRYINFORMATIONVALUE AND RELEVANCE IN THE CORPORATE WORLD TODAY PRABHA CHINIEN REGISTRAR OF COMPANIES, MAURITIUS CRF, AUKLAND 2013
  2. 2. OUTLINE• THE PURPOSE OF A REGISTRY• CORPORATE DATA• USE OF DATA• CHANGING ROLE OF REGISTRY• CONCLUSION AUKLAND 2013
  3. 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. 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. 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. 6. Use of data• Historical data• Analysis• Disclosure• Corporate governance• Strategy of company• Marketing AUKLAND 2013
  7. 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. 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. 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. 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. 11. ConclusionBalancing act –• Statutory role with market reality• Legal protection AUKLAND 2013
  12. 12. THANK YOU AUKLAND 2013

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