{"id":105597,"date":"2023-12-28T20:40:14","date_gmt":"2023-12-28T19:40:14","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/annual-returns-cac-extends-penalty-deadline"},"modified":"2023-12-28T23:25:07","modified_gmt":"2023-12-28T22:25:07","slug":"annual-returns-cac-extends-penalty-deadline","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/annual-returns-cac-extends-penalty-deadline","title":{"rendered":"Annual returns: CAC extends penalty deadline"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Corporate Affairs Commission (CAC) has extended the deadline for the commencement of penalties against companies that failed to file annual returns, from January 1 2024 to April 1, 2024.<\/p>\n

A statement issued in Abuja on Thursday by the commission\u2019s Director of Press, Mr Dominic Inyang, said management decided to extend the penalty date following glitches experienced on the Company Registration Portal (CRP).<\/p>\n

He stated that the date was also extended due to appeals from the Micro, Small and Medium Enterprise (MSME) sector.<\/p>\n

\u201cFurther to its earlier notice published on Nov. 2, informing the general public that it shall commence.<\/p>\n

It would be recalled that the full application of the penalties was prescribed by the Companies and Allied Matters Act (CAMA) 2020 and the Companies Regulations 2021 against companies and their directors or officers for who failed to file annual returns.<\/p>\n

\u201cCAC at this moment extends the commencement date from January 1 to April 1, 2024.<\/p>\n

\u201cThis extension has become necessary given the glitches presently experienced on the CRP and in deference to appeals from the MSME sector,\u201d Inyang quoted CAC management as saying.<\/p>\n

He enjoined all registered entities under the CAMA to take advantage of the window provided by this extension to file their annual returns to date with the commission.<\/p>\n

\u201cThe entities included Companies, Limited Liability Partnerships, Limited Partnerships, Business Names and Incorporated Trustees.<\/p>\n

\u201cThe general public should please note that this extension of time does not affect the striking-off proceedings commenced by the commission prior to the publication of November 2.<\/p>\n

\u201cCompanies, their directors, and their officers should note that the Commission shall henceforth proceed against the directors and officers of struck-off companies to recover undischarged penalties against them.\u201d<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Corporate Affairs Commission (CAC) has extended the deadline for the commencement of penalties against companies that failed to file annual returns, from January 1 2024 to April 1, 2024. A statement issued in Abuja on Thursday by the commission\u2019s Director of Press, Mr Dominic Inyang, said management decided to extend the […]<\/p>\n","protected":false},"author":84,"featured_media":105596,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[1570,2140,3808,254],"class_list":["post-105597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-nigeria-2","tag-cac","tag-nigeria"],"yoast_head":"\nAnnual returns: CAC extends penalty deadline - Nigeria<\/title>\n<meta name=\"description\" content=\"The Corporate Affairs Commission (CAC) has extended the deadline for the commencement of penalties against companies tha ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/annual-returns-cac-extends-penalty-deadline\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Annual returns: CAC extends penalty deadline\" \/>\n<meta property=\"og:description\" content=\"The Corporate Affairs Commission (CAC) has extended the deadline for the commencement of penalties against companies tha ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/annual-returns-cac-extends-penalty-deadline\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-28T19:40:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-28T22:25:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/12\/sm_1703785805.066106.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/annual-returns-cac-extends-penalty-deadline#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/annual-returns-cac-extends-penalty-deadline\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Annual returns: CAC extends penalty deadline\",\"datePublished\":\"2023-12-28T19:40:14+00:00\",\"dateModified\":\"2023-12-28T22:25:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/annual-returns-cac-extends-penalty-deadline\"},\"wordCount\":290,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/annual-returns-cac-extends-penalty-deadline#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/12\/sm_1703785805.066106.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"CAC\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/annual-returns-cac-extends-penalty-deadline#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/annual-returns-cac-extends-penalty-deadline\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/annual-returns-cac-extends-penalty-deadline\",\"name\":\"Annual returns: CAC extends penalty deadline - 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