Every business, private limited company, and trustee organisation in Nigeria is required to file annual returns on a yearly basis. To do so, they must complete the prescribed form, submit it to the Corporate Affairs Commission (CAC), and include the specified information about their organization as required by the Companies and Allied Matters Act (CAMA). Chapter 16 of the CAMA (2020) makes it a statutory prerequisite for every company in Nigeria to file annual returns every year.

Each calendar year, returns must be filed (i.e. annually). On the other hand, newly incorporated companies need not file returns for the first 18 months post-incorporation, whereas older companies must submit their annual returns no later than 42 days following their annual general meetings.


For more information, Call/WhatsApp 07033097160

BUSINESS SUPPORT SERVICES

Business Registration (Cpraxis Consult)

Business Names:
1. Name Reservation
2. Name Reservation for Restricted words
3. Business Name Registration and Certified True Copy of Registration
4. Change of Name
5. Annual Returns and other Post registration and miscellaneous filings
6. Status Report/Letter of Good Standing
7. Voluntary Striking -off
8. Same day Post Incorporation filing
9. Relisting
10. Restriction of Proprietor's/Partner's Residential Address
11. Certified True Copy of documents/extract
12. Application for Cessation

Companies (Private & Public Limited Liability) (Cpraxis Consult)

1. Name Reservation
2. Name Reservation for Restricted words and Ltd/Get
3. Incorporation of Company Limited by Guarantee
4. Incorporation of Private/Public Company Limited by Shares (1 million shares or less)
5. Incorporation of Private/Public Company Limited by Shares (1 million but less than 500million share capital)
6. Incorporation of Private/Public Company Limited by Shares (Above 500 million share capital)
7. Registration of increase in issued share capital of up to N500 million
8. Registration of increase in issued share capital above N500 million
9. Change of Name
10. Registration of charges
11. Memorandum of satisfaction/Deed of Release
12. Deed of hypothecation
13. Deed of negative pledge

14. Annual Returns, other Post Incorporation and miscellaneous filings
15.Status Report/Letter of good standing
16. Historical Search Report (Director's/Officers Information)
17. Historical Search Report (Shareholding Information)
18. Historical Search Report (Charges/Debentures/Memorandum of satisfaction)
19. Historical Search Report (All Information)
20. Due diligence Search (Self Service)
21. Voluntary Striking -off
22. Same day Post Incorporation filing (In addition to filing fees)
23. Relisting of Company
24. Restriction of director's residential address
25. Extension of time to hold Annual General Meeting (AGM)
26. Certified True Copy of documents/Extracts

Incorporated Trustees (NGO, Churches, Clubs, Associations etc) (Cpraxis Consult)

1. Reservation of Name
2. Registration and Certified True Copy (CTC) of Registration Documents
3. Change of Name
4. Annual Returns and other Post Incorporation and miscellaneous filings
5. Status Report/Letter of Good Standing
6. Historical Search Report (Companies that are ten years old or more)
7. Same day Post Incorporation filing (In addition to filing fees)
8. Restriction of Trustee's residential address
9. Certified True Copy of documents/Estract
10. Notice of Dissolution

happiness440:
BUSINESS SUPPORT SERVICES

Business Registration (Cpraxis Consult)

Business Names:
1. Name Reservation
2. Name Reservation for Restricted words
3. Business Name Registration and Certified True Copy of Registration
4. Change of Name
5. Annual Returns and other Post registration and miscellaneous filings
6. Status Report/Letter of Good Standing
7. Voluntary Striking -off
8. Same day Post Incorporation filing
9. Relisting
10. Restriction of Proprietor's/Partner's Residential Address
11. Certified True Copy of documents/extract
12. Application for Cessation

how much is annual returns filing per year for a biz name. fees and penalty combined?

Implications of Failure to File Annual Returns

Failure to file annual returns comes with penalty. Apart from the financial penalty which comes with failure to file annual returns for your business, Corporate Affairs Commission may decide to strike out the name of the business from their register. Once the name of a business has been deleted from the company’s register, it means that the business no longer exist. This makes the business name to be open for any interested party to register. However, if CAC delists the name of your business, you have the right to apply to the court to order for the restoration of the name to the register. If your application is successful, you will still need to file the returns and pay all the applicable filing fees and penalties.

Do you need a CAC accredited agent to file annual returns for your business? You have come to the right place. Get in touch by Call/WhatsApp 07033097160.

Significance of filing Annual returns

1) It enables companies to process and access post-incorporation services from the CAC, e.g request Certified True Copies (CTC) of Incorporation documents, carry out increases in share capital, changes to business objects or registered addresses, and changes to directors, partners, or trustees. If annual returns are not filed on time and any applicable penalties have not been paid in full, CAC will not provide any post-incorporation services to any registered entity.

2. It is noteworthy that the majority of contractual bids in public or private sectors typically require the filing of an up-to-date yearly report as a major pre-requisite. for an entity to comply with this obligation. It must make sure its records are updated as when required.

3. It assists the company or entity in informing the Commission of its ongoing existence, which is why companies that are functional are called 'a going concern' and it also ensures that the name of the entity is kept on the register the commission maintains.

.

We are Chartered CAC Accredited Agents. We are into registration of your Business Name, Company (Private Limited Company and Public Limited Company), Limited Partnership and Limited Liability Partnership, Incorporated Trustee as Foundation, NGO, CLUB, Association, Churches, Mosque etc, with CAC.

We also undertake the rigorous process of your CAC post registration services such:

As Annual returns, change or correction of name, name substitution, change of address, change of directors, change of nature of business, registration of business name as a limited company etc.


If you would like us to undertake the whole process of registering your business in Nigeria and get your approved Certificate of registration or Incorporation to you,reach us by Call/WhatsApp on 07033097160

The Corporate Affairs Commission (CAC) says it has begun the process of removing companies from its register.

The commission said the striking off is due to the noncompliance with the provisions of the Companies and Allied Matters Act of 2020.

CAC urged companies to check its website for affected companies.

About 94,581 firms are being prepared for removal, according to a public notice on the list of affected organisations obtained from the commission’s website.

Is your company status Inactive? Let's change it's state to status and file your annual returns.

Blessed Sunday

Register a business today. Our business support service is here to support you. Have a beautiful Sunday.

.

Each calendar year, returns must be filed (i.e. annually). On the other hand, newly incorporated companies need not file returns for the first 18 months post-incorporation, whereas older companies must submit their annual returns no later than 42 days following their annual general meetings.


For more information, Call/WhatsApp 07033097160

Let's file your annual returns in Nigeria.

To file annual returns with the Corporate Affairs Commission, an organisation is expected to visit the CAC website, download and fill out an Incorporated Trustees Annual Returns form (CAC/ IT 4), attach an audited financial statement signed by a chartered accountant and two trustees of the organisation or a statement of affairs.

An annual return refers to profit made on investment, over a period of time. In Nigeria, corporate entities registered with the Corporate Affairs Commission (CAC) under the Companies and Allied Matters Act (CAMA) are mandated to file annual returns with the Commission, on a yearly basis.

Even though nonprofit organisations do not make profit on investments, Section 55 of CITA specifically makes it clear that ALL companies, registered with the CAC must file returns irrespective of tax exemptions conferred on their income. This helps to encourage transparency, accountability and to keep record of all functioning organisations, operating within the country.

Generally, organisations must file annual returns not earlier than 30th June or later than 31st December every year (except the year the organisation was incorporated). However, newly registered organisations begin filing their first annual returns, not later than 18 months after incorporation while older organisations file their annual returns not later than 42 days after their Annual General Meeting.

Complying with this law will aid the maintenance of good organisational structures as it encourages a culture of record keeping and puts compliant organisations on good standing with the Commission accurate and updated records of said organisations will be accessible to the commission which gives room for transparency and accountability.

Failure to file annual returns within the stipulated period will incur an additional cost for every year of noncompliance, as penalty. Persistent noncompliance to this law could result in eventual de-registration of errant nonprofits as the commission is left to assume that this organisation is non-operational.

Filing annual returns with the Corporate Affairs Commission as and when due helps to keep the organisation’s name on the commission’s register, saves time in situations where a nonprofit needs a post-incorporation service or documents from the commission and also prevents nonprofits from payment of penalties that apply for late filing of annual returns.

Keep your corporation, cooperative, or non-profit organization active and in good standing by filing your annual return.

Post Incorporation services is available

Blessed Sunday

Each calendar year, returns must be filed (i.e. annually). On the other hand, newly incorporated companies need not file returns for the first 18 months post-incorporation, whereas older companies must submit their annual returns no later than 42 days following their annual general meetings.


For more information, Call/WhatsApp 07033097160

Let's file your annual returns.

Aids in presenting your business as a trustworthy corporation during due diligence checks. In order to learn more about the state of a company, investors typically carry out due diligence investigations with the CAC. If the CAC is unable to provide meaningful information or a positive response to inquiries because it lacks knowledge of the company’s present situation.
A company fully compliant and up to date with filing of Annual Returns can confidently obtain services from CAC within the shortest possible time without any delays.

.

Let's file your returns today

We are Chartered CAC Accredited Agents. We are into registration of your Business Name, Company (Private Limited Company and Public Limited Company), Limited Partnership and Limited Liability Partnership, Incorporated Trustee as Foundation, NGO, CLUB, Association, Churches, Mosque etc, with CAC.

We also undertake the rigorous process of your CAC post registration services such:

As Annual returns, change or correction of name, name substitution, change of address, change of directors, change of nature of business, registration of business name as a limited company etc.


If you would like us to undertake the whole process of registering your business in Nigeria and get your approved Certificate of registration or Incorporation to you,reach us by Call/WhatsApp on 07033097160

Blessed Sunday

..