This is how to file CAC Annual Returns with Our 2022/23 Template – Are you due to render your C.A.C. annual returns for this year? Are you having difficulties in making the returns? Now, we make it simple for you. Note that This is how to file CAC Annual Returns with Our 2022/23 Template
What is C.A. C. Annual Returns all about?
Table of Contents
As a matter of fact, this is all bout these related matters. So, it’s all about CAC annual returns form and how to file annual returns with CAC online for 2022/23 returns. Then, how to pay C.A.C annual returns through remita for annual returns forms for business names and NGOs. Others are for limited liability companies and public limited liability companies (Plc). I hope you are following now. So, let’s continue.
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Who makes C.A.C. Annual Returns?
This is simple to know. And that is that every association registered with Corporate Affairs Commission – C.A.C. must render annual returns to it. In fact, it’s like marking an annual attendance register. So, the following must render these annual returns;
- Enterprises – Business names
- Limited Liability companies – limited by share
- Limited liability companies limited by guarantee
- Public Limited liability companies
- Incorporated Trustees – These are the social clubs, churches, town meetings, and other NGOs.
- This is how to file CAC Annual Returns with Our 2022/23 Template
What are the Requirements for C.A.C. Annual Returns:
In fact, every business class has its own requirements. However, the requirements are similar and some may be confused with it. that is why we have it here in their various classes.
For Enterprises (Registered Business Names)
- Duly completed appropriate Annual Returns forms
- The annual return form signed by the proprietors, and/or by a director and secretary of the company
- Submitted – completed form – for verification and assessment
- Payment of the required annual returns filing fee
- Obtain and keep the receipt/teller as evidence of payment
- Submissions of the completed forms with proof of payment to the commission officials
- An acknowledgment will be issued by the CAC after filing and processing.
Note:
- The annual return should be filed not later than the 30th day of June each year except the year of registration
- Afterward, the penalty for late filing of annual returns for registered business names is applicable.
For Companies
- Duly completed appropriate Annual Returns form
- Provision of Audited Financial Statement signed by a licensed practicing chartered accountant and two Directors or Director and Secretary of the company. Except for companies that qualify as small companies.
- Submit the completed form for verification and assessment
- Payment of the required annual returns filing fee through the CRP portal
- Obtain and keep the receipt/teller as evidence of payment
- Submit the completed form with proof of payment to the Commission officials
- An acknowledgment will be issued by the CAC after filing and processing.
- This is how to file CAC Annual Returns with Our 2022/23 Template
Note:
- These annual returns must be filed with the Commission immediately after 42 days of the holding of the annual general meeting for the year
- Companies’ annual return filing should be between July and 31st December each year except for the year of incorporation
- Penalty has to be paid for late filing of annual return if defaulted.
For Incorporated Trustees
The Requirements for filing annual returns of incorporated trustees include the
following:
- duly completed annual return form
- payment of fees
- Filing should be between July and 31st December each year except year of incorporation
Note: Penalty for late filing of annual returns for Trustees apply.
Annual Report by Exempted Foreign
On the other hand, company Annual report by an exempted foreign Company shall disclose the following
- Place/country of registration
- Date of registration and certificate number
- And, Principal place of business in place/country of registration
- Share capital of the company (if any)
- Principal place of business in Nigeria
- Date of exemption
- Then, Description of business in Nigeria
- Expected date of completion of business in Nigeria
- Name and address of each director, partner or other principal officer of the company since the date of exemption and any changes therein
This is how to file CAC Annual Returns with Our 2022/23 Template
Penalties for non-filing or late filing:
These penalties as stipulated by C.A.C. does not include professional processing fees. So, fees depend on the number of years of default involved. These penalties do not also include all paperwork and documentation involved.
- Late filing of annual return for small company 3,000.00 per year
- Late filing of annual return for a private company other than a small company 5,000.00 per year
- And, late filing of annual returns for public company 10,000 per year
- Late filing of annual return for Company Limited by Guarantee 5,000.00 per year
Do well to contact us today for your annual returns processing at the minimal fee costs
How may we help you out?
In your last application, did you comply with all we have above? Just check it out now. Because we know that some applications are queried and may stay so long before conclusion. So, in this regard, how may we help you? Just contact us now. Our fees are minimal. And now, let’s talk about other help you may require.
For C.A.C. documentations;
- Register your business appropriately with C.A.C.
- Make incorporation changes for you @ C.A.C. – change of MEMART, Director, Shareholding, etc.
- Render annual returns for you @ C.A.C. and obtain other certifications/reports for you
- This is how to file CAC Annual Returns with Our 2022/23 Template
Now, come along for your other entrepreneurial services as follows;
- A bankable Business Plan for all scope of operation
- Train and apply for CBN/BOI/ NIRSAL MFB AGSMEIS and other loan facilities
- Apply and obtain SCUML certificate for your banking purposes
- Apply and obtain contract bidding compliance certificates for you – PENCOM, NSITF, ITF, BPP IRR, Tax Clearance certificate
- Auditing Services and Tax management services
- Apply and obtain regulatory certificates – Import/Export licenses, NCC licenses, NAFDAC certificates etc.
- And other consultancy services.
The above services are available at any time on contact and request.
This is how to file CAC Annual Returns with Our 2022/24 Template
Why is your Annual returns delayed Now?
This is the question we gave solutions to above. So, you may now contact us on +234 8034347851 or 09053130518 (Office) or cfmclimited@gmail.com.
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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.