Are you looking for a Corporate Affairs Commission Accredited Agent? This article is to shed light on the activities of the Corporate Affairs Commission and the roles of accredited agents.
For business name and company registration, call or send WhatsApp message to 08155554892. 
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Historical Evolution of Corporate Affairs Commission
The inception of the Corporate Affairs Commission traces back to the enactment of the Companies and Allied Matters Act (CAMA) in 1990. This legislation aimed to comprehensively regulate the formation, management, and dissolution of companies in Nigeria. The establishment of CAC marked a significant milestone in the country’s business history, as it introduced a structured and legal framework for businesses to operate within.
One of the primary functions of the Corporate Affairs Commission is the registration of business names, companies and incorporated trustees. The Commission maintains and updates register of registered entities in Nigeria. This register serves as repository of important information about businesses and are accessible to the public. Registration with the CAC bestows legal legitimacy and credibility upon businesses, enhancing their trustworthiness in the eyes of investors, partners, and customers. Registration with the CAC provides legal protection to businesses, enabling them to conduct transactions, own assets, and seek legal remedies in their corporate names.
The CAC’s adoption of technology has simplified business registration and related processes, contributing to Nigeria’s efforts to improve its global ranking in ease-of-doing-business indices.
CAC Board
The activities of the Corporate Affairs Commission is governed by the Board who is made up of the followings:
- The Chairman (this is usually appointed by the President)
- A representative of the legal profession
- A representative of the accounting profession
- A representative of the Nigeria Chamber of Commerce, Industries Mines and Agriculture
- A representative of Securities and Exchange Commission
- A representative of the Manufacturers Association of Nigeria (MAN)
- A representative of the Federal Ministry of Commerce
- A representative of the Federal Ministry of Industries
- A representative of the Federal Ministry of Justice
- The Registrar-General who is the Chief Executive officer of the Commission and in charge of its management.
Corporate Affairs Commission Accredited Agent
A CAC accredited agent is an individual or entity authorized by the Corporate Affairs Commission to assist individuals and businesses with various services related to company registration and corporate affairs.
| For business name and company registration, call or send WhatsApp message to 08155554892.
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Who Can Become CAC Accredited Agent?
Not everyone can become CAC accredited agent. Before you can become an accredited agent, you must be a legal practitioner, chartered account, or a chartered secretary. These professionals can operate as an individual or firm. As an accountant, you can be either a member of the Institute of Chartered Accountants of Nigeria or a member of the Association of National Accountants of Nigeria. These are the recognized two accounting bodies in Nigeria.
The roles of a CAC accredited agent include:
Company Registration: One of the primary roles of a CAC accredited agent is to help individuals and businesses with the process of registering a new company. This involves preparing and submitting all the necessary documents such as the company’s memorandum and articles of association, along with other required documents, ensuring that they meet the requirements set by the Corporate Affairs Commission.
- Business Name Registration: CAC accredited agents assist individuals in registering business names, which is a common choice for sole proprietors and small businesses.
- Filing of Annual Returns: Companies and other registered entities are required to file annual returns to the Corporate Affairs Commission to maintain their active status. CAC accredited agents helps these companies and other registered entities with the timely submission of these annual returns.
- Changes in Company Formation: Whenever there are changes in a company’s information, such as a change in the company’s address, directors, shareholders, or business activities, CAC accredited agents assist in making these updates with the Commission.
- Searching and Verification: They help individuals and businesses search and verify company names, ensuring that the desired name is available for registration and not already in use.
- Advisory Services: CAC accredited agents offer advice on matters related to company registration and compliance, helping clients make informed decisions.
- Document Retrieval: They assist in obtaining certified copies of official documents filed the Corporate Affairs Commission, such as certificates of incorporation, memorandum and articles of association, and status report.
- Legal Compliance: CAC accredited agents help businesses adhere to legal and regulatory requirements set by the Commission, ensuring that they remain in good standing.
- General Assistance: They provide general assistance in navigating the procedures and requirements of the Corporate Affairs Commission, making the process smoother for their clients.
It is important to note that while accredited agents can provide valuable assistance, individuals and businesses should still have a basic understanding of the registration and compliance processes.
If you need the services of CAC accredited agent, you can contact us here.