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The Company Affairs Fee is about to delist 91,843 firms for failing to file their annual returns with it.
In a listing printed on its web site, the fee listed 91,843 firms for delisting (2,738 lower than the 94,581 it initially printed in August). That is nonetheless lower than the preliminary 100,000 firms that CAC mentioned it might take away in an earlier announcement.
In July, the Registrar-Basic and Chief Government Officer, CAC, Garba Abubakar, revealed that the fee would delete 100,000 registered firms from its database for failing to file an annual return.
He mentioned, “CAC steps up enforcement of 100,000 firms to go off its register for failure to file an annual return.”
On the time, Abubakar introduced that the fee would ship discover of putting off to the affected firms earlier than embarking on the motion as enshrined in part 692 of the CAMA, 2020.
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In an replace on December 5, CAC mentioned, “Additional to its earlier discover of the graduation of putting off the names of Corporations from the Register of Corporations and printed on August 2, 2023, the Fee hereby notifies the Basic Public that the checklist of Corporations which have did not adjust to the provisions of the Corporations and Allied Issues Act 2020, to file updated annual returns is now prepared for publication in accordance with the provisions of Part 692 of the Act.
“Corporations who filed full annual returns in response to the sooner publication are suggested to substantiate removing from the checklist of Corporations to be struck off. The up to date checklist for publication is offered on the Fee’s web site.”
It famous that any firm that filed full annual returns however nonetheless has its identify on the checklist ought to ship a mail with proof of submitting to compliance@cac.gov.ng not later inside 30 days.
It additional said that it’s illegal for any firm whose identify has been struck off the register of firms to hold on enterprise except its identify is first restored to the register by an order of the Federal Excessive Court docket.
It added, “The Basic Public ought to be aware additional that the putting off of the identify of a Firm from the Register of Corporations is with out prejudice to the powers of the Fee to implement any legal responsibility arising underneath the Act in opposition to the administrators of the struck off Firm.”
