MISCONCEPTION ABOUT FILING OF ANNUAL RETURN WITH CAC There is a trending misconception about the filing of annual returns with the Corporate Affairs Commission. This misconception is borne out of the literal meaning associated with the word “return”. Some business owners, directors and relevant stakeholders believe that annual return is a form of return of…
The registration of a company is a prerequisite for a corporate entity to become a juristic person in law. This is more so as a company is an artificial person in law that is administered by human beings. Therefore, it is pertinent that the necessary documentations are completed with the Corporate Affairs Commission (CAC) in…
It is no longer news that the Corporate Affairs Commission (“CAC” or “Commission”) is taking steps to delist companies from its register. In a recent tweet, the Corporate Affairs Commission announced that the Commission is taken steps towards enforcing the mandatory requirements of the Companies and Allied Matters Act, 2020. This requirement mandates companies and…