THE Directorate of Investment and Company Administration (DICA) stated that the Ministry of Religious Affairs and Culture put two companies, MANARSIK Co Ltd and E-VISA Services & Travels Co Ltd, on the blacklist for deceptive practices in soliciting money from three companies operating Hajj pilgrimage services and for damaging the reputation of the government and the ministry.
soliciting money from three companies operating Hajj pilgrimage services, and for damaging the reputation of the Union Government and ministries through such fraudulent solicitation.
DICA has already notified that the registrar will publicly declare the deny list and weak compliance matters on the DICA’s website if companies registered on the online registry system, MyCO, fail to comply with the existing law, rules and bylaws of the government institutions concerned and provisions stipulated in the Myanmar Companies Law.
DICA declared the blacklisting of 25 companies for fraudulent addresses for registration until the end of the 2026-2027 financial year.
These 25 companies were flagged for unauthorized address as they are no longer at the registered address on the MyCO submitted by the relevant ministries: the Ministry of Foreign Affairs, the Bureau of Special Investigation, and the Internal Revenue Department. One was referred by the Ministry of Foreign Affairs, 13 by the Bureau of Special Investigation, and 11 by the Internal Revenue Department. — NN/KK
