Corporate Affairs Commission, CAC, has published delisted names of companies that have failed or refused to update their annual returns.
This was contained in a detailed list posted on the Commission’s website on Wednesday.
According to the Commission, the companies stricken-off the register were deemed to have been dissolved from the date of publication.
The Commission stated that it had earlier issued notice of intention to strike off names of Companies. Which it has reasonable cause to believe were not carrying out business.
The statement read, “The General public may recall that the Commission issued Notice of Intention to strike off names of Companies. Which the Commission has reasonable cause to believe are not carrying out business. Or are otherwise dormant by reason of not filing Annual Returns for a period of 10 years.
“Statutory Period of 90 days was given to such companies to file the requisite Annual Returns. And to send activation to activation@cac.gov.ng.
“Companies that have complied with the advisory have been removed from the list. The Commission pursuant to its powers granted in Section 692 (4) of the Companies and Allied Matters Act No. 3 of 2020 has stricken-off the names of the companies that have failed or refused to update the Annual returns. Detailed list is posted on Commission’s website www.cac.gov.ng.
“Companies stricken-off the register are deemed to have been dissolved from the date of publication.
“It is illegal to enter into any transaction or deal with a company that has been dissolved,” the statement read.
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