What documents are required to file CAC Annual Returns?

What are the requirements for filing annual returns with CAC? The specific documents required to file CAC annual returns vary depending on the type of entity you have (e.g. business name, company, NGO). However, here are some common documents that are often required when filing CAC annual returns:

Completed Annual Returns Form: The Corporate Affairs Commission provides a specific form that needs to be filled out and submitted as part of the annual returns filing process. The form typically collects information about the entity’s operations, financial status, ownership, and management.
Financial Statements: Depending on the type of your entity, you may need to include financial statements as part of your annual returns filing. These financial statements provide an overview of the entity’s financial performance and position during the past year.

Payment Receipt: Of course, you need to pay and attach the payment receipt of any filing fees associated with submitting annual returns. This is attached automatically when you file your annual returns and make the payment online on the CAC portal.

Is it mandatory to file CAC Annual Returns even if the company is not operational?

Yes. It is still mandatory to file CAC annual returns even if the company is not operational or has not conducted any business activities during the year. The rational behind this requirement is to ensure that the government and regulatory authorities have accurate and up-to-date information about the company’s status, ownership, and management, regardless of its operational activities.

Even if the company is not operational, providing updated information about directors, shareholders, and other key details ensures transparency and accountability. Also, if the company becomes operational again in the future, having updated records and compliance with annual returns can make it easier to resume business activities.


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Can a company with no activities file a “Nil” CAC Annual Return?

Yes. A company with no activities or transactions during a specific period can file a “nil” annual return. A “nil” return indicates that the company has not engage in any business activities or financial transactions during the reporting period.

Filing a “nil” annual return serves the purpose of informing the regulatory authorities that the company is still in existence but has not conducted any business activities during the reporting period. This helps maintain the company’s legal status and compliance with regulatory requirements.

MAKE NO MISTAKE ABOUT IT, A REGISTERED BUSINESS IS NATURALLY AHEAD OF OTHERS! ✅ ✅

✅ A business registered with the Corporate Affairs Commission, is naturally ahead of others:
✅ Protection of your Brand Name.
✅ Ability to open a Corporate Bank Account.
✅ Access to business grants and loans from both government and private investors.
✅ Eligibility for government contracts.
✅ Protection against legal liability.
✅ Unparalleled trust from clients...the list is endless...

✅ The sweetest part of it is that there are various categories of registration to choose from. In other words, your business can still enjoy the benefits of registration irrespective of it's size, nature and structure.
The broad categories:
🟢 Business Name;
🟢 Limited Liability Company;
🟢 Limited Partnership; and
🟢 Limited Liability Partnership, were designed with your business in mind.
🟢 Incorporated Trustees ensures that your spiritual/social life is recognized and protected by the law.

✅ Even after registration, necessary updates and corrections can be made periodically on your File by way of POST-INCORPORATION SERVICES.
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What is the timeline for the filing of annual returns for business name?

Business names are expected to file annual returns not later than 30 June of every year. Please note that annual returns are always filed on preceding year basis. For instance, you will file the annual returns for the year 2022 in the year 2023.

You are not required to file annual return for the year of the registration of the business. If you register your business in the year 2021, you will not file annual return for the year 2021 but you will file for the year 2022. This means that your first annual returns will be due for filing in 2023. If you don’t want to pay penalty, you will need to file not later than 30 June 2023.

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Register your Business on CAC (Corporate Affairs Commission).

At Cpraxis Consult, we get your business successful registered and legitimately

We offer services in:

- Business Name Registration

- Limited Liability Registration (Private and Public at any Shares Capital) and,

- Incorporate Trustees (NGO - Non Governmental Organizations)

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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.

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.

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Tell us the nature of your proposed business as we can support to draft a unique business name perfect for it

When you register your business, you can easily sell off shares to raise more money for your business. Investors will have confidence to purchase the shares of your company for diversification purposes.

Sincerely, People hold their money very dear to their hearts, and they will not invest in a business that is not registered. You will not invest in and buy shares from a business that is not registered.

Investing in an unregistered business is like walking blindly into a room filled with mattresses and wooden furniture, then hoping you land on the mattress. Your eyes are closed, what is the guarantee that you would land on a mattress? None.

Investors do not want to invest money in a business that they do not trust. If your business is not registered, they cannot trust you, their lawyers will not trust you. As a matter of fact, you will most likely be asked for proof of registration before anyone buys shares from your business. They want to be sure that your business is recognized by the authorities that matter.

We can upgrade your business name to a private limited liability company. Get in touch with us today.

✅LIMITED COMPANY NAME has been secured for reservation by CAC through our versatile services at Cpraxis Consult.

✳️Get your Business name, Company, NGO, Charity Organization, Foundation, Social club, Association, Schools, Hospitals, Exportation, Electronics brand, Electrical company, Construction firm, Medical equipment supply, Clothing, Accessories, Interior designs, Exterior designs, Painting, Installations, DSTV, Gotv, Airtime, Data subscriptions, Cryptocurrency, Commercial bank, Marketing agency, Water supply company, General contracts and General Merchandize registered or incorporated by CAC (Corporate Affairs Commission) in Nigeria.
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Don't Miss out on any Government and Institutional Loan Anymore

As time goes on, unless you have a rich uncle funding your business from his pockets, you will need loans. Loans will keep you afloat for a while until you start making just enough profit to cover for the cost of operation. Either that or you will join the number of startups who do not make it past the second year.

From time to time, the government makes loans available for SMEs to take advantage of at little or no interest rates. All efforts to take advantage of that loan will be futile if your business is not registered with the government. When they ask for proof of registration and you fail to provide that, it will be taken that you have not exactly started a business. For you to access government loans, amongst other criteria, the said business must be registered according to government policies.

An example of this was the loan that was supposedly let out for small businesses in Nigeria to survive amidst COVID-19. Applying for that loan without proof of business registration would have been a silly thing to do.

Gain the trust of your clients and customers by registering your business today.

A lot of Businesses has received Grants and Foreign Aid

Nigeria is a third world country, and often, when third world countries seem to be struggling with either a natural disaster or something else, there is help from countries that are already developed. These aids usually come in food, clothes, and in some cases money for business which have been affected by the events.

There are a lot of businesses which will be applying for the said loans, best believe that the ones that would be paid attention to are the registered ones. An unregistered business begs the question of how far it will go. More importantly, a registered business presents a front that says ‘there is a move for growth and employment in the future’.

Foreign aids will only go for registered businesses because they seem more genuine, not a bogus whipped-out-of-thin-air business looking for funding. They want to help already established and struggling businesses. They are not trying to push money into something that still looks like a plan. A business that has not been registered looks more like a business plan than an actual business.

Happy Sunday 🌞

Foreign aids will only go for registered businesses because they seem more genuine, not a bogus whipped-out-of-thin-air business looking for funding. They want to help already established and struggling businesses. They are not trying to push money into something that still looks like a plan. A business that has not been registered looks more like a business plan than an actual business.

Just like aids, grants do not come with a payback option. You are not working to pay back that money, it is given to you free of charge to grow your business. This is why, more than anything, they want to make sure that they are giving it to an actual business, not one that is still in the works.

Submitting proof of registration immediately makes you eligible for the grants. It does not matter what the other criteria are and if you meet them, if you have not registered your business, you will not be considered and that’s that.

Registering your business with the Corporate Affairs Commission enables you to open and operate a corporate bank account. Corporate Bank Account gives your business a facelift and increases your transaction limits.

Your business will continue if you are longer there. There will be continuity in operation. Unless you are building a business that will die with you, you will need to register your business. Registering a business is like creating a legacy that your family will carry on and on after you are long gone.

Not registering your business is like opening a small kiosk, and then when you die, the family just closes it down and share the goods inside with different people. If you want your business to be one that would last, you will need to register it as early as you start. Whether you are there or not, the company stands in your name, it remains.

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Legal Status

This is one of the beautiful thing about registering your business. You are a different entity from your business, and unless you do not want that stamped, you need to register your business. If you are unable to pay back a loan and assets are getting seized, the only things that would get seized are company properties.

Registering your business as an entity on its own saves you the stress of having your issues affect your business. If you do not do this, you and your business will be seen as one, and this will pose future problems. You get protection when you register your business.

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Are you registered?

A registered business in Nigeria is a business that has been formally certified by the Corporate Affairs Commission (CAC) following the Companies and Allied Matters Acts (CAMA) to carry on business operations in the country.

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.

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

Register your business from a trusted agent.

Happy Sunday

Let's register your business today

The notice of a meeting shall specify the place, date and time of the meeting, and the general nature of the business to be transacted in sufficient detail to enable those to whom it is given to decide whether to
attend or not, and where the meeting is to consider a special resolution, set out the terms of the resolution.

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