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The Corporate Affairs Commission (CAC) has begun removing 100,000 companies from its register for failing to file outstanding annual returns and other statutory documents.
The Commission announced the move in a public notice signed by its management on Wednesday, saying the exercise, tagged Batch 6, is being carried out under Sections 692 (3) and (4) of the Companies and Allied Matters Act, 2020.
According to the notice, the names of the affected companies have been published on the Commission’s website.
“This is to notify the General Public and Esteemed Customers that the Corporate Affairs Commission has commenced another round of striking off names of companies from the Register pursuant to the provisions of Section 692 (3) and(4) of the Companies and Allied Matters Act, 2020.
“The list of the affected One Hundred Thousand (100,000) companies can be accessed at the Commission’s Website http://cac.gov.ng, ”it said.
The Commission said the affected companies have 90 days to regularise their records by filing all outstanding annual returns, including information on Persons with Significant Control (Beneficial Ownership).
“The affected companies are hereby advised to take steps to file all outstanding Annual Returns (and by extension Persons with Significant Control/Beneficial Ownership information) and regularise their records within ninety (90) days of this notice.”
It also directed companies to submit evidence of compliance to its designated email address for struck-off companies.
“Evidence of compliance should be sent to the designated [email protected],” the notice read.
The Commission warned that any company that fails to comply within the stipulated period will be removed from the register without further notice.
It added that the exercise is part of its statutory responsibilities and reaffirmed its commitment to delivering efficient services to its customers.
