This article provides a step by step guide on how to file annual returns of Incorporated Trustees. Just like other registered entities, Incorporated Trustees (NGOs) are expected to file their annual returns every year except for the year of incorporation. This is in pursuant to Section 848 of the Companies and Allied Matters Act (CAMA) […]
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If you want to file annual return for a company, there are certain procedure you must follow. Even though an accredited agent may handle the filing for you, this article will guide you on what type of information that will be expected from you. Firstly, you need to understand that filing of annual returns is
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In a move to enforce regulatory compliance, the Corporate Affairs Commission (CAC) has taken an unprecedented step, targeting a staggering 100,000 companies that have failed to file their annual returns over the past decade. With the looming threat of being struck off the register, businesses across the nation now find themselves at a critical crossroad,
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Filing Corporate Affairs Commission (CAC) annual returns is a crucial responsibility for every registered company. However, the process can be intricate, and mistakes can be made. To ensure a smooth filing experience, it is essential to be aware of common mistakes and avoid them. Here are some of the most common mistakes to watch out
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Changing a business name with the Corporate Affairs Commission (CAC) in Nigeria involves several steps and processes. Here is a general outline of the process involved in changing a business name with CAC in Nigeria: Choose a new name: Decide on the new name you want for your business. Ensure that the new name complies
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When a business name or company’s status is shown as “INACTIVE” on the Corporate Affairs Commission (CAC) website, it typically indicates that the company has not met certain legal obligations or has failed to comply with the requirements set by the CAC. Here are some common reasons why a company’s status may be marked as
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If you want to register a business name, company or incorporated trustees, there are certain words you can’t use as part of the name of the entity that you want to register without seeking the consent of Corporate Affairs Commission. Section 852 (2) of CAMA listed such words as follows: Federal, National, Regional, State, Government,
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Business Name Reservation refers to the process of reserving a specific name for a business before registering it with the appropriate government agency. It is a preliminary step taken by entrepreneurs or business owners to secure a unique and distinctive name for their business entity. The Business Name Reservation process is typically carried out with
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Do-It-Yourself (DIY) business registration in Nigeria can be time consuming for small business owners due to various factors specific to the country’s regulatory environment and administrative procedures. Here are some reasons why DIY business registration in Nigeria can be expensive for small business owners: 1. Complexity of the registration process: Registering a company in Nigeria
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Today, I will briefly explain few differences between filing of returns with the Corporate Affairs Commission (CAC) and the Federal Inland Revenue Service (FIRS) in Nigeria In Nigeria, companies are required to comply with specific regulations set forth by the Corporate Affairs Commission (CAC) and the Federal Inland Revenue Service (FIRS). Understanding the distinctions between
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