Unfiled returns: CAC begins moves to deregister 100,000 companies

The Corporate Affairs Commission, CAC, has begun moves to onslaught disconnected 100,000 companies from its registry implicit unfiled returns.

In a nationalist announcement signed by its absorption on Wednesday, the CAC said the firms failed to record outstanding yearly returns and different statutory documents.

According to the nationalist notice, the workout is pursuant to sections 692 (3) and (4) of the Companies and Allied Matters Act, CAMA, 2020.

The nationalist announcement notified affected companies tin find their names connected the Commission’s website.

The bureau called connected the companies to regularise their records wrong 90 days of the notice.

“This is to notify the General Public and Esteemed Customers that the Corporate Affairs Commission has commenced different circular of striking disconnected names of companies from the Register pursuant to the provisions of Section 692 (3) and(4) of the Companies and Allied Matters Act, 2020.“The database of the affected One Hundred Thousand (100,000) companies tin beryllium accessed astatine the Commission’s Website http://cac.gov.ng.

“The affected companies are hereby advised to instrumentality steps to record each outstanding Annual Returns (and by hold Persons with Significant Control/Beneficial Owners...