Ram and McRae launches Com­pa­nies Act hand­book

Stabroek News Sunday - - REGIONAL NEWS -

Ram and McRae Char­tered Ac­coun­tants and Christo­pher Ram and As­so­ci­ates on Fri­day launched the sec­ond edi­tion of their Com­pa­nies Act Hand­book at the Ge­orge­town Club.

With the first edi­tion hav­ing been pub­lished by the ac­count­ing firm in 1998, the sec­ond edi­tion ded­i­cates chap­ters to is­sues of the day, such as leg­is­la­tion sur­round­ing oil and gas.

“In ad­di­tion to the Com­pa­nies Act, we’ve in­cluded chap­ters on oil and gas, the se­cu­ri­ties leg­is­la­tion and tax­a­tion of com­pa­nies. The hand­book cov­ers from com­pany for­ma­tion to liq­ui­da­tion in 14 of its chap­ters and again, of each of th­ese we’ve in­cluded a statu­tory pro­vi­sions sec­tion con­tain­ing re­stated ex­tracts of the act it­self,” Rakesh Latchana, a part­ner of Ram and McRae and coau­thor of the hand­book, stated dur­ing his pre­sen­ta­tion.

Latchana re­lated that the 372-page hand­book ref­er­ences 93 cases, as op­posed to 17 in the first edi­tion, and car­ries 19 chap­ters, com­pared to just 15 in the first book.

Coau­thors Latchana and Ram were also as­sisted by law stu­dents Dex­ter Lin­doS­martt, Aquella Best, Twedale Marks, Ja­son Barnes and Tracy Sham­sudeen, who are in­terns at the firm, as well as Tax Se­nior at the firm, Melissa Ram.

The in­terns were lauded by Ram, who called them a “tremen­dous as­set to the firm” and con­grat­u­lated them for the role they played in get­ting the book to the pub­lish­ing stage. He noted that an anti-money laun­der­ing hand­book will also be re­leased soon.

“…It has taken us 11 years to get here and I hope you will find it worth­while,” Ram said in his ad­dress to the au­di­ence.

His pre­sen­ta­tion made ref­er­ence to oil and gas leg­is­la­tion and the need for re­lated laws to be un­der­stood by those in author­ity.

“…We have added a chap­ter on oil and gas. I can say it strikes me, and it al­most em­bar­rasses me when you hear peo­ple who ought to know bet­ter don’t seem to know what the Pe­tro­leum Pro­duc­tion and Ex­plo­ration Act says. They don’t know what it says about con­fi­den­tial­ity and in­for­ma­tion. They don’t know what it says about how many blocks any min­is­ter can give and what are the con­di­tions for ex­tend­ing any li­cence or is­su­ing a new agree­ment,” Ram stated.

“I re­ally am trou­bled that we don’t seem to know what is in the leg­is­la­tion deal­ing with ex­plo­ration and pro­duc­tion. And if we don’t un­der­stand—if our ad­min­is­tra­tors and our pol­icy mak­ers don’t un­der­stand—then they are likely to be over­whelmed by cor­po­rate giants, they’re go­ing to ne­go­ti­ate away some of our pat­ri­mony, and so we need to be ex­tremely care­ful,” the at­tor­ney said.

He added that he hopes the chap­ter ded­i­cated to this area in the hand­book will be a great aid.

Among those present at the event were the for­mer Caribbean Court of Jus­tice judge Duke Pol­lard, Ap­peal Court judge Dawn Gre­gory, High Court judge Gino Per­saud, and the coun­try head of the IDB So­phie Makon­nen.

The book will be on sale for $30,000.

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