Annual Returns is filed to CAC and tax returns is filed to Firs. If you need to do any changes in your company, business name or incorporated trustee records you must file annual returns.
Small companies are no longer required to attach financial statements when required to file for annual returns.
Even if your share capital is 25m or 5m, if your turnover is from 1m and less or net assets 1m or less, no foreigner as a shareholder or director your company qualifies as a small company.
Companies can be registered with share capital from 100k-1m except businesses with a standard regulation share capital.
Business names must file their annual returns on or before the 30th of June, LTD 18 months after incorporation, NGOs, Churches, Mosques, association it is a bi- annual returns filing.
Business name is either sole proprietor or partnership
Also you can decide to add shareholders, if you are a single shareholders and do a reallotment. Remember a director must not be a shareholder.
A shareholder has ownership in the company. The shares allotted to the shareholder is the liability of that shareholder.
If you decide to remove a director, it doesn't end there. You remove him through reallotment.

really

I have nt done my annul return

adekusibe10:
I have nt done my annul return

if you have not filed annual returns and you are due for it, your entity status will read inactive, there are some that will still be reading active even when they have not filed but you can't proceed with any post incorporation changes, without an updated annual returns.
Filing annual returns to CAC shows your company is still in operation.