馃嚦馃嚞NigeriaWest Africa
Corporate Affairs Commission to deregister 100,000 companies for unfiled annual returns
via Punch Nigeria1 min read
The Corporate Affairs Commission CAC has initiated the process to remove 100,000 companies from its register due to their failure to file outstanding annual returns and other statutory documents. This action, referred to as Batch 6, is being taken under Section 692 3 and 4 of the Companies and Allied Matters Act, 2020. The CAC has published the list of affected companies on its website and advises them to regularize their records, including Persons with Significant Control/Beneficial Ownership information, within 90 days of the notice. Companies are instructed to send evidence of compliance to struckoffcompanies@cac.gov.ng. The Commission emphasized that companies failing to comply within the specified timeframe will be struck off the register without further notice.
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