CAC to deregister 100,000 companies over unfiled returns

CAC to deregister 100,000 companies over unfiled returns

The Corporate Affairs Commission has commenced moves to strike off 100,000 companies from its register.

The firms are affected over their failure to file outstanding annual returns and other statutory documents.

The Commission disclosed this in a public notice signed by its management on Wednesday.

It said the exercise, tagged Batch 6, was being carried out pursuant to Section 692 (3) and (4) of the Companies and Allied Matters Act, 2020.

According to the notice, the affected companies can find their names on the Commission’s website.

The notice read, “This is to notify the General Public and Esteemed Customers that the Corporate Affairs Commission has commenced another round of striking off names of companies from the Register pursuant to the provisions of Section 692 (3) and(4) of the Companies and Allied Matters Act, 2020.

“The list of the affected One Hundred Thousand (100,000) companies can be accessed at the Commission’s Website http://cac.gov.ng.”

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