Annual Return Filing with Corporate Affairs Commission (CAC)

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Annual Return Filing with Corporate Affairs Commission (CAC)


In Nigeria, Annual Return Filing with the Corporate Affairs Commission (CAC)is a mandatory requirement for all registered businesses (companies, business names, and incorporated trustees) to submit updated company information annually. This ensures that the CAC has current records of the business's activities, directors, shareholders, and financial standing.


Key Aspects of Annual Return Filing with CAC:


1. Purpose  

   - To keep the CAC updated on the company’s status, directors, shareholders, registered office, and financial details.

   - To maintain compliance with the Companies and Allied Matters Act (CAMA) 2020.


2. Who Must File? 

   - Companies (LTD, PLC, etc.): Must file annually.

   - Business Names (BN): Required to file yearly (though enforcement varies).

   - Incorporated Trustees (NGOs): Must also file annual returns.


3. Filing Deadline 

   - Companies: Must file within 18 months of incorporation and subsequently once every year.

   - Business Names: Expected to file yearly, but enforcement is less strict compared to companies.

   - Late filings attract penalties.


4. Requirements for Filing  

   - Updated company details (directors, shareholders, secretary, etc.).

   - Audited financial statements (for companies).

   - Payment of filing fees and any overdue penalties.


5. Penalties for Non-Compliance  

   - Late filing attracts fines (up to ₦10,000 for companies and ₦5,000 for business names).

   - Risk of being struck off the CAC register if default persists.


6. How to File 

   - Through an accredited CAC agent or lawyer.


Annual return filing with the CAC is a legal obligation to ensure business compliance and avoid sanctions. Companies must file yearly with audited financials, while business names have simpler requirements. Failure to file may lead to penalties or deregistration.


If you need assistance with the filing process, please do not hesitate to contact us. We are available to guide you through the necessary steps and ensure a smooth submission.


You can confirm the status of your registration via; search.cac.gov.ng

Chat with us on whatsapp


Kindly treat this as urgent and important.


Best regards,
Danwilliams

CAC Accredited Agent

08148905370

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