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REGISTRY
INFORMATION
VALUE AND RELEVANCE
 IN THE CORPORATE
    WORLD TODAY


          PRABHA CHINIEN
 REGISTRAR OF COMPANIES, MAURITIUS
         CRF, 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 ?


                  AUKLAND 2013
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


   AUKLAND 2013

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

  • 1. REGISTRY INFORMATION VALUE 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 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
  • 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 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
  • 9. 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 ? AUKLAND 2013
  • 10. 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
  • 11. Conclusion Balancing act – • Statutory role with market reality • Legal protection AUKLAND 2013
  • 12. THANK YOU AUKLAND 2013