The Written Laws (Misc. Amendments) (No.3) Act, 2021 has amended the Companies Act, Cap 212 by introducing the requirement to all registered companies to notify the Companies Registry when a transfer or transmission of shares has been made in a company. The amendment of the law requires a company which has transferred or transmitted its shares to new shareholder, to notify the Registry within twenty-eight (28) days from the date of transfer or transmission. The said notification must be attached with a copy of the Tax Clearance Certificate obtained from the Tanzania Revenue Authority.