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	GOVERNMENT OFFICE RESPONSIBLE Business Registration and Licencing Agency - BRELA

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Non-Private Companies (Public) is a company that has more than 50 shareholders and whose shares are offered for public subscription and is traded on at least one stock exchange or in the over-the-counter market.

 Requirements:

• Open ended company.
• No restriction on the maximum number of members.
• The minimum number must be seven.
• Any person may subscribe and buy shares in the company listed in the stock market and traded in shares.
• The issuance of a prospectus in which the objectives, the proposed share capital, source of finances and general prospects of the company are stated.
• A private company may be converted to a public one by merely amending its Articles of Association, increasing the minimum number to seven and issuing a prospectus.
• Effective articles of association to regulate their relationships between members and directors and between dealers and stock brokers.

 Procedures:

• Pay a prescribed registrations fees Tshs. 45,000 for the whole application process.
• Pay Tshs. 6,000 for Stamp Duty  of the original Memorandum and Articles of Association,
• Filing all the forms following all the directives.
• Attach all supporting documents as prescribed.
• Submit memorandum and Articles of Association, 14a and 14b

  Note: 

• All payments are payable to the Registrar of Companies.