CAC Threatens To Delist Companies That Have Not File Annual Returns For 10 Years

acknowledgement_slip-annual_return_filing_sample

Again, the Corporate Affairs Commission (CAC) has threatened to permanently delete the names of companies and businesses that have not filed annual returns in the last 10 years. CAC, which is mandated by law to register businesses in Nigeria, maintains a register that contains the comprehensive record of registered businesses in the country. What is … Read more

CAC Plans To Make 300,000 Unregistered Opay Agents Legal Entities

CAC business registration

The Corporate Affairs Commission (CAC), a government agency responsible for business registration, is collaborating with Opay Services Ltd, a financial technology company, to help 300,000 unregistered businesses become legal entities. This partnership aims to bring Opay agents into compliance with regulations and provide them with the benefits of formal recognition. The Registrar-General and CEO of CAC, … Read more

Guide for Annual Filing Returns for NGOs in Nigeria

The Company and Allied Matters Act (CAMA), 2020 requires all Non-Governmental Organizations (NGOs) operating in Nigeria to file and submit an annual return to the Corporate Affairs Commission (CAC). This article explains the filing of annual returns by not-for-profit organizations in Nigeria, the documents the NGO must present, and the penalties that may apply for … Read more

10 Functions of Corporate Affairs Commission Under CAMA

CAC business registration

With its establishment in 1990 by the Companies and Allied Matters Act during the regime of former military President Ibrahim Badamosi Babangida, the Corporate Affairs Commission (CAC) is now the first point of call for business owners who want to give their enterprise or limited liability company a legal backing. We’ll tell you more about … Read more

Requirements and Cost of Filing Annual Returns in Nigeria

How To File Company Annual Returns With CAC in Nigeria

The fees of annual filing for a Registered Company and a Business Name are N5,500 for annual filing and N5,000 penalty for late filing, making N10,500 per year. The cost excludes charges of accredited CAC agents. Instead of paying a fine of N5,000 for each year you missed for failing to file your returns, wouldn’t … Read more

How To Change Inactive to Active on CAC Portal If Your Company Was Delisted

CAC business registration

If you registered a company with the Corporate Affairs Commission and you failed to file a return every year, your company status will change to “inactive”. If the status of your company or business is “inactive”, the issue is resolvable. We’ll guide you on how to change your status to “active” on CAC portal. Before … Read more