{"id":125488,"date":"2024-07-24T21:26:02","date_gmt":"2024-07-24T20:26:02","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/91000-nigerian-firms-ordered-to-file-annual-returns-in-90-days"},"modified":"2024-07-24T22:45:24","modified_gmt":"2024-07-24T21:45:24","slug":"91000-nigerian-firms-ordered-to-file-annual-returns-in-90-days","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/91000-nigerian-firms-ordered-to-file-annual-returns-in-90-days","title":{"rendered":"91,000 Nigerian firms ordered to file annual returns in 90 days"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Corporate Affairs Commission, CAC, has given over 91,000 dormant companies a 90-day ultimatum to file all their outstanding annual returns or risk being deregistered.<\/p>\n

CAC disclosed this in a statement released on its official website on Wednesday.<\/p>\n

According to the statement: \u201cThis is to inform the general public that the Commission, under its powers contained in Section 692 (3) (4) of the Companies and Allied Matters Act No. 3 of 2020, intends to strike off from the register names of defunct or dormant companies that have not filed annual returns for 10 years.<\/p>\n

\u201cThese companies are given 90 days from the date of this publication to file all outstanding annual returns and send an email of this fact to [email protected] to remove their names from the list.\u201d<\/p>\n

CAC urged stakeholders to note that it is illegal to carry on business with the name of a company that has been delisted from the register, as such a company is deemed to be dissolved.<\/p>\n

Last December, CAC announced its intention to deregister 91,843 companies over failure to file their annual returns.<\/p>\n

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

Africa-Press – Nigeria. The Corporate Affairs Commission, CAC, has given over 91,000 dormant companies a 90-day ultimatum to file all their outstanding annual returns or risk being deregistered. CAC disclosed this in a statement released on its official website on Wednesday. According to the statement: \u201cThis is to inform the general public that the Commission, […]<\/p>\n","protected":false},"author":84,"featured_media":125486,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[349,3808,254],"class_list":["post-125488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-business","tag-cac","tag-nigeria"],"yoast_head":"\n91,000 Nigerian firms ordered to file annual returns in 90 days - Nigeria<\/title>\n<meta name=\"description\" content=\"The Corporate Affairs Commission, CAC, has given over 91,000 dormant companies a 90-day ultimatum to file all their outs ...\" \/>\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\/91000-nigerian-firms-ordered-to-file-annual-returns-in-90-days\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"91,000 Nigerian firms ordered to file annual returns in 90 days\" \/>\n<meta property=\"og:description\" content=\"The Corporate Affairs Commission, CAC, has given over 91,000 dormant companies a 90-day ultimatum to file all their outs ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/91000-nigerian-firms-ordered-to-file-annual-returns-in-90-days\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-24T20:26:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-24T21:45:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/07\/sm_1721844399.582457.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\/91000-nigerian-firms-ordered-to-file-annual-returns-in-90-days#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/91000-nigerian-firms-ordered-to-file-annual-returns-in-90-days\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"91,000 Nigerian firms ordered to file annual returns in 90 days\",\"datePublished\":\"2024-07-24T20:26:02+00:00\",\"dateModified\":\"2024-07-24T21:45:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/91000-nigerian-firms-ordered-to-file-annual-returns-in-90-days\"},\"wordCount\":193,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/91000-nigerian-firms-ordered-to-file-annual-returns-in-90-days#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/07\/sm_1721844399.582457.jpg\",\"keywords\":[\"business\",\"CAC\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/91000-nigerian-firms-ordered-to-file-annual-returns-in-90-days#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/91000-nigerian-firms-ordered-to-file-annual-returns-in-90-days\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/91000-nigerian-firms-ordered-to-file-annual-returns-in-90-days\",\"name\":\"91,000 Nigerian firms ordered to file annual returns in 90 days - 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