The Corporate Affairs Commission on Tuesday said it had de-registered the names of over 38,000 companies from its register for failing to file annual returns to the commission.

The Registrar-General, CAC, Mr Bello Mahmud, stated this while speaking during a chat with journalists in Abuja.

He said that the delisting of the companies have been gazetted by the commission, adding that only the court can give an order for the companies to be readmitted into the register of the commission.

By delisting of these companies by the CAC, it implies that such companies are no longer registered entities in Nigeria and as such not recognised by law.

Bello said that some of the companies that were delisted may have not been liquidated, adding that based on the provisions of the law, the companies have up to 20 years to reapply for re-registration.



He said, “The laws says that if the commission has reasonable cause that the company is not carrying on business while in operation, then it has to enquire from that company and if no response is received within three months, the commission can proceed to strike off the name of the registered company.

“We have just gazetted a little above 38,000 companies and those companies have been struck off from the register.

“But by striking off, it doesnt mean the companies have been dissolved. The companies have been more or less suspended and they cannot go back to business unless they obtain an order of court to re-list. The law gives them a window of 20 years within which they can apply for re-list.”


http://www.newshelm.com/2017/02/38000-companies-de-registered-for.html

cc lalasticlala

With Osibanjo at the helm of affairs there is hope. Buhari I wish more trips.

na so CAC de-register my company, naim i enter beer parlour go relax

Buhari should be in jail

Hmmm , let's observe more but beware that 2019 is around the corner

my own fit dey among o

make Nigeria great again...

I think the list of these companies should be made available to the public so that we'll know them and take the matter up if they continue operation

They should publish the list

Space booked

LEOSIRSIR:
make Nigeria great again...

when was it ever great

What!

Is this true?

M

Nice move. But i wonder if they notified those companies before delisting them

huh what happens to there staffs massive unemployment

Release names of the said companies so the the owners can act and get re-listed. create a system to check if your company is among

Naija won tackle Irs ni

Foolish people in a time when the country does not have bearing people are losing jobs anyha, slim opportunities to even get a means of livelihood...these dummies further go ahead to delist struggling companies?

They're not filing returns? How enabling is the countries business environment now?
People can't even get access to funds to run business but na to file revenue you want?

Why not kuku look for the company MDs, hand them stones and ask them to squeeze out money from it?

R3tards in power

After filing Fowler will come and say he wants to use the money to pay former employees of his organisation.

Watch as people further relocate companies to Ghana
You think anyone would do wahala set up company just to sit & watch it not be effective?

Oloriburuku sombodies.

Cool development. We must start doing thing the right way.

Ok, and you don't think we should know the names of the companies?

Issoke

Lol

Those who registered companies for boi loan and didn't get the loan, how should they file returns?

Those who registered companies to apply for youwin, where's the money toile returns?

Emeka the barber for my street that was encouraged to register, now no light and fuel dun high... Where the money to file returns?

Nonsense jagbajantis country.

This is counter-productive. You de-list a company from your books without informing the company of your intentions. And some fools are here praising CAC. They should take a cue from the banks. They send a text warning you of impending actions.
Another step backwards as usual. God help this country.

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How can they file returns when Buhari has crippled their businesses with his obnoxious financial policies.

I think it is a good idea but the timing, I am not sure. Let us keep at developing our systems and institutions to function and be truly independently.

And where is the list?.... No link?

http://new.cac.gov.ng/home/wp-content/uploads/2015/12/LIST-OF-COMPANIES-SCHEDULED-FOR-DE-LISTING-AS-AT-2ND-OF-AUGUST-2012.pdf

List of companies