Tag: Annual Returns default

Annual Returns: CAC Extends Grace Period From Penalty To April 2024

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Annual Returns: CAC Extends Grace Period From Penalty To April 2024

The Corporate Affairs Commission (CAC) has extended the deadline for imposing penalties on companies that have failed to submit their annual returns from January 1, 2024, to April 1, 2024. This extension grants companies an additional four-month period to file their annual returns with the Commission. The CAC had previously warned that it would remove…

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Annual Returns: CAC To Delist Companies From Database

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Annual Returns: CAC To Delist Companies From Database

The Corporate Affairs Commission has said it will remove 100,000 registered companies from its database soon. During a training on ‘Use of the beneficial ownership register’, in Lagos, the Registrar-General and Chief Executive Officer, CAC, Alhaji Garba Abubakar, disclosed the commission’s intention to delete 100,000 registered companies from its database. “CAC steps up enforcement of…

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