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CAC

News and analysis about CAC

CAC is urging the public to refrain from opening or registering businesses unless they have immediate plans to operationalize them.
The Corporate Affairs Commission (CAC) is set to delist 91,843 companies from its register for failing to file their annual returns with it. 
The Corporate Affairs Commission (CAC) has reversed its requirement for companies with foreign involvement in Nigeria to maintain a minimum paid-up capital of N100 million. 
The Federal government in its drive towards job creation and improving the economy has announced its collaboration with a group of MSME-focused partners to deliver interventions targeted at 1.3million MSMEs in 17 states and the FCT.
The Corporate Affairs Commission (CAC) has said it would soon delete a total of 100,000 registered companies from its database.  
 The privatization program of the Nigerian government in the late 1990s and early 2000s ushered in a new era of shareholder activism in the country. 
The Corporate Affairs Commission (CAC) has said it will henceforth make public profiles of owners of companies.
With the integration, the Commission said it s no longer possible to register a company with false information about the owners.
The CAC opted for NIN because its security can’t be compromised, unlike the national identity card, passport, and driver's license
The new platform makes it easy to search for information on persons with significant control (PSC)
The Corporate Affairs Commission (CAC) has stated that National Identification Number (NIN) would replace signatures required by applicants...
CAC has provided reason why it commenced the registration of private schools as limited liability companies and not as a business entity.