Glitches encountered in the Corporate Affairs Commission’s (CAC) Company Registration Portal have made the commission extend the deadline for the commencement of penalties against companies that did not file annual returns, from January 1 2024 to April 1, 2024.
This development was extracted from a recent statement issued in Abuja by the commission’s Director of Press, Mr Dominic Inyang.
Inyang also noted that the date was extended due to appeals from the Micro, Small and Medium Enterprise (MSME) sector.
Recall that the full application of the penalties was stipulated by the Companies and Allied Matters Act (CAMA) 2020 and the Companies Regulations 2021 against companies and their directors or officers who failed to file annual returns.
While quoting the management of CAC, Inyang said: “Further to its earlier notice published on Nov. 2, informing the general public that it shall commence. CAC at this moment extends the commencement date from January 1 to April 1, 2024.
“This extension has become necessary given the glitches presently experienced on the CRP and in deference to appeals from the MSME sector.”
He urged every registered entity under the CAMA to take advantage of the window provided by this extension to file their annual returns to date with the commission.
He said: “The entities included Companies, Limited Liability Partnerships, Limited Partnerships, Business Names and Incorporated Trustees.
“The general public should please note that this extension of time does not affect the striking-off proceedings commenced by the commission prior to the publication of November 2.
“Companies, their directors, and their officers should note that the Commission shall henceforth proceed against the directors and officers of struck-off companies to recover undischarged penalties against them.”
