The Corporate Affairs Commission has launched a fresh exercise to remove about 100,000 companies from its register over failure to meet statutory filing obligations.
In a public notice issued on Wednesday, the Commission said the affected firms had not filed their annual returns and other mandatory corporate documents, putting them at risk of being struck off the register.
The exercise, identified as Batch 6, is being conducted under the provisions of Section 692 (3) and (4) of the Companies and Allied Matters Act, 2020.
According to the Commission, the list of affected companies has been published on its website to enable businesses confirm their status.
“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”�
The agency advised the affected companies to regularise their records within 90 days by submitting all outstanding annual returns and beneficial ownership information.
“The affected companies are hereby advised to take steps to file all outstanding Annual Returns (and by extension Persons with Significant Control/Beneficial Ownership information) and regularize their records within ninety (90) days of this notice.”
It also directed compliant companies to submit evidence of their filings through the email address provided by the Commission.
“Evidence of compliance should be sent to the designated struckoffcompanies@cac.gov.ng,” the notice read.
The Commission warned that companies which fail to meet the deadline would be removed from the register without any further communication.
“Please note that companies that fail to comply within the stipulated timeline shall be struck off the Register without further notice.”
Reaffirming its commitment to quality service delivery, the Commission said it would continue to provide efficient services to its customers.
“The Commission remains committed to providing prompt and efficient services to the satisfaction of our valued customers.”