Filing Annual Returns @ Corporate Affairs Commission (C.A.C)

Filing Annual Returns @ Corporate Affairs Commission (C.A.C) – Here are all you need to know and do about Filing Annual Returns @ Corporate Affairs Commission. It’s all about documents required and procedures for filing annual return, C.A.C annual returns form, penalty for late filing of annual return in Nigeria, annual returns of company, corporate affairs commission list of registered companies. Filing Annual Returns @ Corporate Affairs Commission (C.A.C)

As a matter of fact, annual return is mandatory statutory requirement for registered business entity or organisation in Nigeria, regardless of legal structure. Entity legal structure could be  Registered Business Names (Enterprise, Sole Trader, partnership, etc.), Limited liability company, Public limitd liability company,  Incorporated Trustee ( NGO, Churches, Mosques, Unions, Clubs, etc.). Annual returns with  Corporate Affairs Commission  must be not later than 30th June every year except the calendar year in which the business name is registered. Filling of annual returns with Commission by companies must not be latter than 42 days of holding of  annual general meeting for the year.

Filing Annual Returns @ Corporate Affairs Commission (C.A.C)

CAC De-registration of Entities:

Importantly, you must not allow your firm, organisation etc. to be de-registered by C.A.C in Nigeria. The law empowers the Commission to strike off the name of  company or business from Register of Companies, whereby  there’s reasonable basis to believe that a company is not in operation, after following due process of inquiry as to the status of the company. In most cases commission relies on one major criterion  for this –  failure to file annual returns. Therefore, start your annual filling process today. We can help you do that.

Procedures for Filing Annual Returns in Nigeria:

Procedure for doing this is majorly the provision of relevant documents.

For Enterprises/Registered Business Names

1.  Duly completed Annual Returns form
2.  Form Signed by business proprietors, and/or director and secretary of the company
3.  Submit completed form for verification and assessment
4.  Payment of required annual returns.
5.  Obtain and keep receipt/teller as evidence of payment
6.  Submit completed form with proof of payment to commission,
7.  Acknowledgement issued by CAC after filing and processing.

Filing Annual Returns @ Corporate Affairs Commission (C.A.C)

For Companies:

This procedure follows the production of the following documents.

1.    Duly completed  Annual Returns form
2.    Provision of Statement of Affairs, for company  yet to commence business,
3.   Audited Financial Statement signed by  licensed practising chartered accountant for existing firms,
4.    Audited account must be signed by two Directors or Director and Secretary of the company.
5.    Submit  completed form for verification and assessment with necessary documents attached,
6.    Payment of required annual returns filing fee,
7.     Obtain and keep receipt/teller as evidence of payment
8.     Submit  completed form with proof of payment to the Commission,
9.    Acknowledgement will be issued by the CAC after filing and processing.

This return must be filed with the Commission not latter than 42 days after  holding of annual general meeting for the year. Penalty for late filing of annual returns applies.

Filing Annual Returns @ Corporate Affairs Commission (C.A.C)

For Trustees

Annual Returns Requirements for filing annual returns of incorporated trustees include the
following:

1. duly completed annual return form
2. payment of fees

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Filing Annual Returns @ Corporate Affairs Commission (C.A.C)

CAC accredited consultants:

• Name Search and Reservation –  New Companies, NGOs and Enterprises
• Incorporation – New Companies, Incorporated Trustees – NGOs, Clubs, Churches, Meetings and Associations.
• Registration of Business Name – New Business Names, Enterprises and Partnerships
• Domestication of Foreign Companies – For Old and New Foreign Companies
• Post Incorporation Documentations –  Just get the following do here.

Click here for more information

Filing Annual Returns @ Corporate Affairs Commission (C.A.C)

Further Requirements:

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Deacon Anekperechi Nworgu, a seasoned economist who transitioned into a chartered accountant, auditor, tax practitioner, and business consultant, brings with him a wealth of industry expertise spanning over 37 years.