How Ltd Companies File C.A.C. Annual Returns with Ease Now – You have to file your annual returns with CAC within 42 days after your annual general meeting (AGM). This is How Ltd Companies File C.A.C. Annual Returns with Ease Now.
CAC Annual Returns:
Table of Contents
All incorporated limited liability company must file their annual returns with CAC not later than 30th June of every year except the year of incorporation. Likewise the Incorporated Trustees must file their Annual Returns between the 30th of June and the 31st of December for each year except the year of incorporation.
This must be seen by all incorporated organizations, Business names, companies and incorporated trustees commonly called NGO as annual ritual. This is an evident that your organization is still alive and active. This is How Ltd Companies File C.A.C. Annual Returns with Ease Now. Just read on.
Professional Assistance for Company CAC Annual Returns:
On How Ltd Companies File C.A.C. Annual Returns with Ease Now, do you need professional Consultation for your business incorporation and annual returns? At completefmc Ltd our consultancy services cover your business development challenges. We start it off with developing lucrative business ideas and planning, business incorporation and other start-up issues. You just have to leverage the untapped potential of your business right early. So, contact +234 8034347851 today!
How Ltd Companies File C.A.C. Annual Returns with Ease Now
How Ltd Companies File C.A.C. Annual Returns
CAC Forms required:
- FORM CAC 10: Annual Return for a small company
- FORM CAC 10 A: Annual Return for a company having shares other than a small company.
- FORM CAC 10B: Annual Return for a company limited by guarantee.
- FORM CAC 10C: Annual Return of exempted foreign companies.
- FORM CAC/IT 4: Annual Return for Incorporated Trustee.
- FORM CAC/BN/7: Annual Return for Business Name.
Other relevant documents to attach:
As a matter of fact, by virtue of Section 375(1)(a)(b)of CAMA 2020 certain documents re to be attached to the annual return filing forms which include;
- A Written copy, certified both by a director and by the secretary of the company to be a true copy, every balance sheet and profit and loss account laid before the company in general meeting held in the year to which the returns relate (including every document required by law to be annexed to the balance sheet); and
- A copy, certified as aforesaid, of the report of the auditors on, and of the report of the directors accompanying each balance sheet.
- Other documents evidencing the payment of all necessary fees or dues may also be annexed.
The Relevant Fees & Penalties:
On How Ltd Companies File C.A.C. Annual Returns with Ease Now, what happens if CAC returns become late? Yea! That means you’ve defaulted and must be penalized for that. The most common of these fines are late filing of annual returns and late filing of a notice of change of company name and address. Others are late filing of annual returns for:
- Public company NGN10,000/year E.g. NNPC Limited
- A private company NGN5,000 You could pay as high as the filing itself if you have backlogs of annual filing
- Small company NGN3,000 This penalty applies to business names
Others are late filing of;
- Increase in share capital of private company NGN5,000 A private company is expected to notify the CAC when there is an increase in share capital
- Increase in the share capital of a public company NGN10,000
- Charges by a private company NGN5,000
- Charges by a public company NGN10K
- Return of allotment by a private company NGN5,000
- Notice of change in shareholding NGN5k To avoid this penalty, ensure to notify the CAC
- Return of allotment by public company NGN10,000
- Notice of change in registered address 50.00 per day This penalty applies to director of the company, secretary and the company
Furthermore, are late filing of:
- Annual return for Company Limited by Guarantee NGN5K/year
- Other documents (miscellaneous) NGN5,000
- Statement in form of schedule 14 under section 553 NGN100 per day This applies to each director, company secretary and company
- Notice of appointment of liquidator NGN5,000
- Notice of change of company name NGN5,000
- Resolution for winding up NGN500 This fine applies for each director and the company secretary
- Notice in alteration of memorandum and articles of association NGN5,000
- Notice/deed of release NGN5,000
- And, notice of changes in particulars of directors NGN5,000
How Ltd Companies File C.A.C. Annual Returns with Ease Now
Related Information:
- Plc Companies Render C.A.C. Annual Returns without penalties now
- How to file C.A.C. Annual Returns for Business Names Enterprise
- How to Avoid C.A.C Annual Returns Penalties for 2022 & 2023
- This is how to file CAC Annual Returns with Our 2022/23 Template
- Other C.A.C. documentations and reports
Do you need help on Ltd Companies File C.A.C. Annual Returns
Finally on How Ltd Companies File C.A.C. Annual Returns with Ease Now, do you desire professional services on Business at C.A.C. Incorporation, Accounting and Auditing and Tax Management. Are you in need of Mining license and Business plan and feasibility analysis for travels and tours, real estate management. Then contact cfmclimited@gmail.com or +234 8034347851.
Founder/Managing Partner of Complete Full Marks Consultants Ltd. An Economist turned Chattered Accountant and Tax Practitioner with over 37 years of industrial experience.
