The Ministry of Commerce and Industry is currently exploring the possibility of granting government agencies the authority to regularly access data from the commercial registry of companies. This anticipated move is part of a broader supervisory initiative led by the Ministry of Commerce to enhance the scope of its digital transactions, both with auditors and other relevant procedural and supervisory authorities, reports Al-Rai daily.
Implementing this procedure is an effort by ministry officials to bridge the bureaucratic gap with other government agencies, often referred to as “the crisis of our book and your book.” The aim is to streamline communication and reduce the time spent in reaching final statements between government entities. Enabling relevant authorities to directly inquire through the Commerce system is expected to expedite government workflows.
If the query power is activated in the commerce system, ministries and government agencies with legal ties to companies will gain direct access to the companies’ registry. They can view information typically requested through official correspondence without the need to notify the Ministry of Commerce.
Under this targeted procedure, government agencies will be granted the right to access regulatory data directly by providing a name and secret number to enter the system without seeking prior permission.
The most notable authorities related to the trade register of companies expected to obtain direct inquiry authority include the Ministries of Justice and Interior, the General Organization for Social Insurance, the Central Bank of Kuwait, the Financial Investigation Unit, and the Capital Markets Authority. However, the service will not include the right to print documents; it will only provide the right to view them for the relevant parties.
One of the benefits of this application is enhancing electronic communication between government agencies, facilitating inquiries about shared data, and contributing to the implementation of the e-government program. Additionally, it ensures that relevant government agencies promptly collect regulatory data from commerce about companies for supervisory decisions, audit procedures, or decision-making processes.
This move by the Ministry of Commerce and Industry reflects the growing importance of digital transactions and the need for efficient communication between government entities in Kuwait. By granting government agencies direct access to the commercial registry of companies, the ministry aims to streamline processes and reduce bureaucratic delays.
The initiative is particularly significant for ministries and government agencies with legal ties to companies, such as the Ministries of Justice and Interior. With direct access to regulatory data, these authorities can view information without the need for official correspondence or prior permission from the Ministry of Commerce.
Furthermore, this procedure aligns with the broader e-government program, which aims to enhance electronic communication and facilitate the sharing of data between government agencies. By enabling direct inquiries through the Commerce system, the ministry contributes to the implementation of this program and ensures that relevant government agencies promptly collect necessary regulatory data for their supervisory decisions, audit procedures, and decision-making processes.
However, it is important to note that the access granted to government agencies will be limited to viewing the documents and will not include the right to print them. This restriction ensures that the information remains secure and prevents any potential misuse of the data.
In conclusion, the Ministry of Commerce and Industry’s exploration of granting government agencies access to company data from the commercial registry is a significant step towards improving efficiency and communication within the Kuwaiti government. By embracing digital transactions and enabling direct inquiries, the ministry aims to bridge the bureaucratic gap and streamline processes for the benefit of all relevant parties.
Source: TimesKuwait
