In Brief Time Frame: Thirty days (30) grace period for all non-citizens working in Tanzania to submit their work permits to the nearest labour office for verification. Compliance: All employers and non-citizens working in Tanzania. Penalty for default: Arrest and detention. Content of the order: Breakthrough Attorneys is aware that on Wednesday, 22nd February 2017, […]
TANZANIA BUSINESSES REGULATORY AND LICENSING AGENCY (BRELA) REQUIRES COMPANIES TO FILE ANNUAL RETURNS AND AUDITED FINANCIAL REPORTS BY 8TH MAY 2017
In brief Time Frame: Three months’ grace period from the date of notice for all companies to file their overdue returns. Compliance: All companies to file their annual returns accompanied with audited financial statements for every year of filing. Sanction for default: Company shall be struck off the Companies’ register and court action shall be […]
LEGAL INSIGHTS ON THE RECOGNITION AND ENFORCEMENT OF FOREIGN ARBITRAL AWARDS IN TANZANIA
How an international award can be recognized in Tanzania Power of the Tanzanian High Court in remitting or setting aside foreign awards, or otherwise, enforcing them as decrees. Role of the Dowans vs. TANESCO case, [Miscellaneous Civil Case No. 8 of 2011] in defining the applicable procedure in enforcing arbitral awards in Tanzania. This Article […]
Law, Practice and Procedure Relating To Dividend In Tanzania, Under The Companies Act, 2002
Important terms to know about dividends generally The procedure for declaration and issuing of dividends Other matters such as unclaimed dividends, and trading of shares cum dividends The term ‘dividend’ is not defined under the law governing companies in Tanzania, that is, Companies Act Companies Act, No. 12 of 2002. According to the generally accepted […]
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