ONLINE FIRMS REQUIRED TO REGISTER INFO
In order to preserve a chain of custody, companies with online branches are now required to register their info with the government as well as the contact information of the person designated to deal with grievances. These requirements come in the wake of several fraudulent company activities. There have numerous cases of duping by various companies, resulting in the increased restrictions in online firms. The new laws also require that the company’s name remain the same and that dividends not be given out till their debts are cleared.