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Nairametrics
Home Business News Business

CAC to accept manual submission of some registration processes despite end of deadline

Chike Olisah by Chike Olisah
April 3, 2021
in Business, Business News, Spotlight
CAC - You can still register your business for N5,000
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The Corporate Affairs Commission (CAC) has announced that it will continue to accept manual submission in respect of some specific processes despite the closure of the window on manual submission of registration applications which took place on March 31, 2021.

The decision by CAC on some identified processes is to allow for the conclusion of the interface for online submission under the company registration portal.

This disclosure is contained in a public notice which was issued by the management of CAC on Thursday, April 1, 2021.

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The commission in its statement listed some of the processes to include Alteration of Memorandum & Articles of Association and Schedule 14 (Form of Statement to be filed by Banks, Insurance and deposit Finance Institution).

Other processes listed are the Amendment of Constitution and Bi-annual Statement for Incorporated Trustees.

CAC also said that it will continue to accept manual post-incorporation applications which have been queried or for which payments were made on or before March 31, 2021.

However, this can only apply if such applications, with evidence of payment and query worksheet, shall get to the commission not later than April 30, 2021.

What Corporate Affairs Commission is saying

The statement from CAC reads, “The General Public and our Esteemed Customers are aware of the closure of the window on manual submission of Registration Applications which took place on the 31st March 2021 following the deployment of an end-to-end electronic registration solution.

However, the Commission shall continue to accept Manual Submission in respect of the processes listed below pending the conclusion of the interface for online submission under the Company Registration Portal. The processes are:

  1. Alteration of Memorandum & Article of Association
  2. Schedule 14 (Form of Statement to be filed by Banks, Insurance and deposit Finance Institution)
  3. Amendment of Constitution
  4. Bi-annual Statement for Incorporated Trustees

In addition, the Commission shall continue to accept manual post-incorporation applications which have been queried or for which payments were made on or before 31st March 2021 provided that such applications (accompanied with evidence of payment and query worksheet) shall be forwarded to reach the Commission not later than 30th April 2021.’’

What you should know

  • It can be recalled that the Board of Directors of CAC had earlier set the end of December 2020, as the target deadline to get the electronic/online system fully operational in CAC throughout the country.
  • This was to help improve ease of doing business and reposition the commission towards organizational excellence.

pic.twitter.com/VISrwtfk7s

— Corporate Affairs Commission (@cacnigeria1) April 1, 2021

 


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Tags: Business registration in NigeriaCACCorporate Affairs Commission
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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