CAC business registration

Did CAC Delist Your Company From Its Database? Here Is How To Resolve It

Last Updated on January 27, 2022 by InfomediaNG

If you registered a company with the Corporate Affairs Commission in 2016 and you failed to file a return for four years or more, there is a possibility that your company will be delisted from CAC database.

One of the ways to check this is to run a check on the company’s status, if you see the tag, “inactive” you have to take steps it removing this tag.

Do you know that refusal to file an annual report may lead to CAC ‘sanction’ against your company, you check details at: https://infomediang.com/annual-returns-with-cac-nigeria

5 Things Delisting Means

  1. It is one of the penalties imposed by CAC to punish an erring company or business
  2. Failure to take swift action to address the issue will be seen by the commission that the company no longer carries out business.
  3. Your company will no longer be regarded as legally registered entities
  4. Your business will lose all privileges so accorded them by law.
  5. You can no longer use the name as a legal entity in accessing government loans

Last delisting by CAC

The last delisting exercise by the commission was carried out in 2017 when it stated that names of over 38,000 companies were removed from its register.

Their offense:

The affected companies failed to file annual returns to the commission, the Registrar-General of CAC has said.

When such happens, only the court can give an order for the companies to be readmitted into the register of CAC.

The delisted companies may have not been liquidated,  the companies have up to 20 years to reapply for re-registration, says the law.

“The laws says that if the commission has a reasonable cause that the company is not carrying on business while in operation, then it has to enquire from that company and if no response is received within three months, the commission can proceed to strike off the name of the registered company, the DG was quoted as saying by The Punch in 2017.

Steps To Take If CAC Delisted Your Company

If you found yourself in this  situation, here is what you need to do immediately to legally bring back your company on the database of CAC

  • File your company’s annual returns
  • When filing application is approved, your business will be back online
  • Better still, the tag “inactive” beside your company’s name on CAC search portal will be removed.

That’s all!

 

2 thoughts on “Did CAC Delist Your Company From Its Database? Here Is How To Resolve It”

  1. Taiwo kazeem Adeola

    Good morning sir/ma my name is taiwo kazeem Adeola my company name is t.a.adeola nig ltd my complain is that my company is inactive for some times now and I have paid for my anual returns from 2010 to 2021 since last year and now my company is not active please what is next to do?

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