From Our Correspondent
The Corporate Affairs Commission (CAC) says it is set to delist 91,843 companies for failing to file their annual returns as and when due.
TheNewsZenith reports that the commission published the list of the affected companies, marked for delisting on its website last week.
This is 2,738 companies less than the 94,581 names, initially published in August for delisting.
The Registrar-General (RG), Garba Abubakar announced in July that CAC would delete 100,000 registered companies from its database.
“CAC steps up enforcement of 100,000 companies to go off its register for failure to file annual return,” Abubakar said.
At the time, he hinted the commission would send notice of striking-off to the affected companies beforehand.
The action, the RG said, is enshrined in section 692 of the Companies and Allied Matters Act (CAMA), 2020.
“Further to its earlier notice, the commission hereby notifies the General Public that the list of companies that have failed to comply with the provisions of the Companies and Allied Matters Act 2020, to file up-to-date annual returns is now ready for publication by the provisions of Section 692 of the Act.
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“Companies who filed complete annual returns in response to earlier publication are advised to confirm removal from the list.
“The updated list for publication is available on the Commission’s website.
“Any company that filed complete annual returns but still has its name on the list should send a mail with evidence of filing to compliance@cac.gov.ng not later than 30 days,” CAC stated.
It warned that it is unlawful for any company, whose name has been struck off, to carry on business.
Such a company could only operate after its name is first restored to the register by an order of the Federal High Court.
“The general public should note further that the striking off of the name of a company from the Register of Companies is without prejudice to its powers to enforce any liability arising under the Act against the directors of the struck-off company.”
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