The International Decade for People of African Descent Assembly-Guyana (IDPADA-G) has found itself among 327 companies dropped by the local Register of Companies. This announcement was published in the Official Gazette of March 9, 2024.
The removal of the pro-Black rights body appears to be hinged on its failure to submit a financial report.
Guyana Standard understands that IDPADA-G in the last quarter of last year (2023) made all of the required submissions, except for the audited financial statement for 2022, which was and is being prepared. IDPADA-G said that at the time of filing, it requested an extension of time to submit the 2022 financial report.
“While we recognize that this action has been taken in keeping with the provisions of the Company Act that stipulates that defaulting companies may be removed from the Register, we are disappointed that the process of deregistering IDPADA-G proceeded without a response to our request for an extension of time,” the body said.
IDPADA-G says that it has consulted with legal counsel and was advised that the law provides for restoration.
“Therefore, IDPADA-G has urged our auditing firm to expedite the completion of its audit so that the 2022 report can be filed post-haste and the application for restoration submitted.”
It is advisable that the auditors closely examine the payments (payees, authority for payments, signatories, etc.)
And the government should then hire another and reputable auditing firm to conduct another audit of the records.
This organization lives off humans, and then attacks them.