AVOID PENALTIES FROM CAC ON YOUR REGISTERED BUSINESS BY FILING YOUR ANNUAL RETURNS PROMPTLY!

Annual Returns filing is a compulsory payment required from every registered business owner on a yearly basis, counting from 18 months after the date of registration for business names and companies.

These payments are quite insignificant just #3,000 for business name and #5,000 for companies but because most business owners ignore them, they keep piling up year after year with penalties that follow as a result of default, to the extent that it becomes too heavy.

Failure to file these annual returns puts your business in red light as you could be denied a contract, business visa application, and even possibility of having your business bank account frozen.

Recently, CAC turned its radar on businesses that have been owing annual returns and have their registration status showing INACTIVE.

If CAC is to implement its planned policies against businesses owing annual returns, you may be at risk of losing your company, business name, or NGO as they will delist it from their database, ensuring no individual or corporate organization does any business with you.


Reach out to us by Call/WhatsApp on 07033097160 and let's handle the annual return filings for your registered Business.

THE PUBLIC NOTICE of Corporate Affairs Commission's deadline is April, 2024.
IF you do not file your Annual Returns sections 421 (1) & 822 (1) CAMA 2020, your business risks being struck out!
We are CAC Accredited Agent.
Call/WhatsApp 07033097160

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Question: Why is my company registration status showing "Inactive"

Yes, the simple reason is that you have not filed your annual returns which is a statutory obligation for every company and not for profit organisations.
Once all returns are filed, you are to request the corporate affairs commission for an update to active status.
This is key, because for business visas, the embassy is going to verify your status, if inactive, you will be turned back.
Also, for contractors and for business partners who want to be sure about your business activity, they will verify your status, if inactive, they may not be willing to deal.

Let's file your annual returns today.

We are CAC Accredited registration agent in Nigeria.Don't operate without a structure.

We register Agricultural business & exporters with business name & limited company certificate from CAC & process Export license certificate from NEPC.

And file your annual returns as of when due.

What happens if annual return is late?

Failure to File on time: Failure to file an annual return on time can have several consequences including the imposition of the late filing fee, prosecution of the company and/or its directors, the loss of the audit exemption or the possible involuntary strike-off and dissolution of the company.

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CAC Delisting Exercise to Commence Soon, don't Wait till the 11th Hour

Failure to file these annual returns puts your business in red light as you could be denied a contract, business visa application, and even possibility of having your business bank account frozen.

Recently, CAC turned its radar on businesses that have been owing annual returns and have their registration status showing INACTIVE.

If CAC is to implement its planned policies against businesses owing annual returns, you may be at risk of losing your company, business name, or NGO as they will delist it from their database, ensuring no individual or corporate organization does any business with you.


Reach out to us by Call/WhatsApp on 07033097160 and let's handle the annual return filings for your registered Business.

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Let's file your annual returns today

The objective of the annual return is to ensure that the CAC has up-to-date information about the entity’s affairs. This information is essential for the CAC to carry out its regulatory functions effectively. It is also important for investors and other stakeholders to have access to accurate and up-to-date information about the business entity.

Pls what is the cost of registering a business with CAC in Nigeria

Good day. Please reach me by call or WhatsApp on 07033097160. Have a nice day.

LAZAREY:
Pls what is the cost of registering a business with CAC in Nigeria

Failure to file these annual returns puts your business in red light as you could be denied a contract, business visa application, and even possibility of having your business bank account frozen.

A business with outstanding Annual returns is an inactive business, unrecognized by CAC to exist.

Cooperative society, Consulting firm, Fishery farm, Poultry, Car wash, Business centre, Oil Company, Online business, Freelance services, Lounge, Restaurant, Fashion brand, Gas company, Beauty products, Hotel business, Importation, Exportation, Electronics brand, Electrical company, Construction firm.

Others include Medical equipment supply, Clothing, Accessories, Interior designs, Exterior designs, Painting, Installations, DSTV, Gotv, Airtime, Data subscriptions, Cryptocurrency, Commercial bank, Marketing agency, Water supply company, General contracts and General Merchandize registered or incorporated by CAC (Corporate Affairs Commission) in Nigeria.

File your outstanding Annual returns now.....

Benefits of Timely and Accurate Filing

Companies that file annual returns on time and with accuracy demonstrate their commitment to transparency and corporate accountability, which can enhance stakeholder trust. Maintaining a positive reputation is crucial for attracting investors, partners, and customers

Annual Returns filing is a compulsory payment required from every registered business owner on a yearly basis, counting from 18 months after the date of registration for business names and companies.

Do you have a registered business and you have not filed your annual returns with the CAC?
Be informed your business is on red light as you could be denied a contract, business visa application, and even possibility of having your business bank account frozen.

Let's file your company annual returns now......

Importance of Annual Returns filings

Statutory Requirement: The foundation of this obligation lies in the legal framework, specifically the Companies and Allied Matters Act (CAMA) of 2020. As stipulated in Section 374 of CAMA, every entity registered with the Corporate Affairs Commission (CAC), regardless of whether it’s a business name, a private or public company (limited by shares, guarantee, or unlimited), incorporated trustees, or a partnership, must file annual returns. Complying with this requirement not only ensures that your business or organization is in line with the law but also distinguishes it from the realm of tax returns handled by the Federal Inland Revenue Service.

To be continued.........

Access to Post-Incorporation Services:

Companies that have neglected their annual return filings may find themselves locked out of the range of post-incorporation services provided by the CAC.

These services encompass crucial activities such as obtaining Certified True Copies of incorporation documents, modifying share capital, making changes to directors, partners, trustees, or business particulars, and altering registered addresses.

Should you have unaddressed annual return filings, you might be required to rectify these first, potentially causing delays in your operational plans.

As Annual returns, change or correction of name, name substitution, change of address, change of directors, change of nature of business, registration of business name as a limited company etc.

Annual Returns is a statutory obligation. Avoid the rush hours and file your annual returns.

Register your business today and file your annual returns.

Annual Returns is necessary for eligibility for Contract Bidding. Proof of CAC annual returns holds a pivotal role in qualifying for contract bidding, a requirement set by some private and public entities. Without this evidence, your company might not be considered eligible for lucrative bidding opportunities.

Blessed Sunday

When you file your annual returns as of when due, you will have enhanced public confidence. Think about it for a moment. In the world of business transactions and investments, trust is paramount.

Both individuals and corporate entities conduct due diligence on organizations they intend to engage with. The absence of filed annual returns can inhibit the Corporate Affairs Commission from providing meaningful information about your company, potentially diminishing the confidence of potential partners or investors.

Let's register your business and gain formal recognition.

The objective of the annual return is to ensure that the CAC has up-to-date information about the entity’s affairs. This information is essential for the CAC to carry out its regulatory functions effectively. It is also important for investors and other stakeholders to have access to accurate and up-to-date information about the business entity.

We are open for consultations, register your business and file your annual returns today.

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Is it mandatory to file CAC Annual Returns even if the company is not operational?

Yes. It is still mandatory to file CAC annual returns even if the company is not operational or has not conducted any business activities during the year. The rational behind this requirement is to ensure that the government and regulatory authorities have accurate and up-to-date information about the company’s status, ownership, and management, regardless of its operational activities.

Even if the company is not operational, providing updated information about directors, shareholders, and other key details ensures transparency and accountability. Also, if the company becomes operational again in the future, having updated records and compliance with annual returns can make it easier to resume business activities.


Let's register your business and file your annual returns today.