The Corporate Affairs Commission, CAC, has disclosed its resolve to delist no fewer than 100,000 perceived dormant companies when the January 2024 deadline elapses. The CAC Director of Compliance, Justine Nidia, made the disclosure while speaking with the News Agency of Nigeria on Sunday. According to him, when the deadline was announced, about 5,000 companies ...

The Corporate Affairs Commission (CAC) has commenced the implementation of the requirement of N100 million minimum paid-up capital for companies with foreign participation. The value is a 900 per cent increase compared to what was obtained before now. The increase, according to CAC, is in line with the Revised Handbook on Expatriate Quota Administration (2022). ...

      Annual returns play a crucial role in the corporate governance and regulatory compliance of companies in Nigeria. These returns are a formal record of a company’s financial activities and operations over the past year, which are submitted to relevant government authorities. Filing annual returns is not only a legal requirement but also ...

  The Corporate Affairs Commission, CAC, has secured the Standard Organisation of Nigeria, SON, ISO 9001:2015 recertification for another three-years. The certificate is in recognition of the excellent services being rendered by the CAC, the Deputy Director, Budget, Planning, Research, and Statistics, Uzoma Oji, said on Tuesday in Abuja. Mr Oji who presented the certificate ...

  The Corporate Affairs Commission (CAC) has warned Nigerians to disregard trending social media messages on free registration of business names and companies. The commission issued the warning in a statement on its X handle, stressing that such a message could not have emanated from them. “Please disregard any SMS or WhatsApp message asking you ...

  Staff of the Corporate Affairs Commission were recently seen rejoicing and dancing after the sack of their Registrar General, Garba Abubakar, in Tigris Crescent, Maitama Abuja. In a viral video, a crowd gathered and was seen dancing around the CAC headquarters with a voice in the background noting that the workers were celebrating the ...

  There is a general misconception amongst entrepreneurs and startups that all it takes to incorporate a company in Nigeria is to have individuals readily available. Only a few are even aware that a corporate entity can join in the formation of a company. This lack of awareness is a limitation to the ability of ...

  The Registrar-General of the Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, has been awarded as Fellow of the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN). Abubakar, in a statement thanked ICSAN for the award and pledged to rededicate himself to greater service. Abubakar was among the six distinguished Nigerians conferred with Honorary ...

The Registrar of the Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, says the agency has listed 100,000 companies to be delisted from the Commission’s register for not publishing returns to the government. Alhaji Garba Abubakar stated this in Kano at a meeting with members of civil society, the media, and other security agencies about the ...

The Managing Director and Chief Executive Officer, Rural Electrification Agency, Ahmad Salihijo, has called on the management of the Corporate Affairs Commission to help curb infractions of malicious misrepresentations from CAC status report searches of directorship and trustees of incorporated entities, by ensuring prompt changes to corporate structures are carried out real-time across its platforms. ...

The Corporate Affairs Commission (CAC) has won the Legislative Award for the Companies and Allied Matters Act (CAMA) 2020 at the 5th Presidential Enabling Business Environment Council ( PEBEC) Awards. The Registrar General/Chief Executive Office (CEO) CAC, Alhaji Garba Abubakar, said this in a statement by the commission’s Head of Media, Rasheed Mahe, on Thursday. ...

Shareholders under the aegis of the Proactive Shareholders Association of Nigeria (PROSAN) have called for an urgent review of the virtual Annual General Meeting (AGM) arrangement, insisting the current practice contradicts the Companies and Allied Matters Act (CAMA) stipulated rules and guidelines. To avert the spread of COVID-19 virus, the recent guidelines released by the ...

Every business, private limited company, and trustee organisation in Nigeria is required to file annual returns on a yearly basis. To do so, they must complete the prescribed form, submit it to the Corporate Affairs Commission (CAC), and include the specified information about their organization as required by the Companies and Allied Matters Act (CAMA). ...

A Federal High Court, Abuja, on Tuesday, retrained the Corporate Affairs Commission (CAC) from suspending or appointing trustees of the Christian Association of Nigeria and the churches. Justice Inyang Ekwo, in a judgment, held that the provisions of Sections 17 (1), 839 (1) and (7) (a), 842 (1) and (2), 851 and 854 of the ...

The Corporate Affairs Commission (CAC) dismissed a claim that it registered a group “Wickedness Association of Nigeria, Lokoja Chapter” as a business name. The commission in a statement on Monday, January 9, 2023, said a certificate going viral on social media had claimed that it registered the group as a business name on December 24, ...