Nigeria’s Corporate Affairs Commission (CAC) has begun moves to deregister about 100,000 companies from its register for failing to file outstanding annual returns and other statutory documents. Multiple outlets report that the CAC issued a public notice signed by its management on Wednesday, stating the exercise is part of its regulatory mandate to keep the company register accurate and up to date. The process is described as “Batch 6,” and is carried out under Section 692 (3) and (4) of the Companies and Allied Matters Act, 2020. The CAC tells affected companies to regularize their records by filing all overdue annual returns, including Persons with Significant Control/Beneficial Ownership (PSC/BO) information. Companies are given a 90-day window to comply. Outlets also say the CAC provides instructions through its official website, including where firms can check the list of affected names, and it directs evidence of compliance to a designated email address. If companies do not respond within the stated timeline, the CAC will strike them off the register without further notice.
CAC begins Batch 6 strike-off of 100,000 companies over unfiled returns
Nigeria’s Corporate Affairs Commission (CAC) has begun moves to deregister about 100,000 companies from its register for failing to file outstanding annual returns and other statutory documents. Multi...
.jpeg)
- The CAC starts Batch 6 strike-off actions targeting about 100,000 companies.
- Companies are affected for failing to file outstanding annual returns and other required statutory documents.
- The exercise is carried out under Section 692 (3) and (4) of the Companies and Allied Matters Act, 2020.
- The CAC provides a 90-day period for companies to regularize by filing overdue returns, including PSC/beneficial ownership information.
- Affected companies can find the list on cac.gov.ng and must submit compliance evidence to the designated email address.
The Corporate Affairs Commission, CAC, has begun moves to strike off 100,000 companies from its register over unfiled returns. In a public notice signed by its management on Wednesday, the CAC said the firms failed to file outstanding annual returns and other statutory documents. According to the public notice, the exercise is pursuant to sections 692 […] Unfiled returns: CAC begins moves to deregister 100,000 companies
1 hour agoThe Corporate Affairs Commission (CAC) is set to deregister 100,000 companies for failing to file annual returns. Regularize your records within 90 days to Read More: https://punchng.com/cac-to-deregister-100000-companies-over-unfiled-returns/
1 hour agoThe Corporate Affairs Commission (CAC) has begun the process of striking off approximately 100,000 companies from its register for failing to file outstanding annual returns and other statutory documents. In a public notice signed by its management on Wednesday, the CAC announced that the exercise, tagged Batch 6, is being carried out under Section 692 (3) and (4) of the Companies and Allied Matters Act, 2020. Affected companies can check the full list of names on the Commission’s official website at cac.gov.ng. The CAC has given the defaulting companies a 90-day window to regularise their records by filing all outstanding annual returns, including Persons with Significant Control/Beneficial Ownership information. Evidence of compliance should be forwarded to the designated email address provided by the Commission. Companies that fail to act within the stipulated timeline will be struck off the register without further notice. The Commission reiterated its commitment to delivering efficient services to its customers.
2 hours agoCAC said the exercise forms part of its regulatory mandate to maintain an accurate and up-to-date register of companies operating in Nigeria. The post CAC begins sixth batch of company strike-off, targets 100,000 companies appeared first on Premium Times Nigeria.
13 hours ago
Kharge urges PM Modi to convene all-party meeting on revised delimitation bill
Congress president Mallikarjun Kharge writes to Prime Minister Narendra Modi urging him to hold an all-party meeting on...
EU court upholds Spain’s amnesty law for Catalan separatists
The European Union’s top court rules in favor of Spain’s amnesty law covering Catalan independence leaders linked to eve...
Andy Burnham sets out plans as Labour leadership succession nears UK premiership
Andy Burnham is widely seen as the next prime minister after Keir Starmer’s resignation and is preparing to assume the L...