₦airaland Forum

There better ways of reaching to them rather than delisting them my opinion . because they will still reg another company

is their money refunded too?

Use this link to check if your biz is affected or not.

http://.gov.ng/comsearch/index.php

daewoorazer:
[color=#995500]How do they mean returns? Money or what?

Do they expect striving SMEs to start bringing crumbs outta d little they gather? Even in an economy not viable?

Somebori should help me, what are they filing...

Because as it stands, CAC remains a prerequisite to winning a project, and that's why SMEs go for it because some companies won't award u contracts without it for the fear of running with their money.

If it's money they need, Kemi Adeosun should heavily tax Dangote and the likes..... [/color]

The return is not money.According to the CAMA(Company and Allied Matters Act)1999:

PART XII
Annual returns


370. Annual return by company limited by shares or guarantee
Every company shall, once at least in every year, make and deliver to the Commission an annual return in the form,
and containing the matters specified in sections 371, 372 or 373 of this Act as may be applicable:
Provided that a company need not make a return under this section either in the year of its incorporation or, if it is
not required by section 213 of this Act to hold an annual general meeting during the following year, in that year.

371. Annual return by company having shares other than small company

(1) The annual return by a company having shares other than a small company shall contain with respect to the

registered office of the company, registers of members and debenture holders, shares and debentures,
indebtedness, past and present members and directors and secretary, the matters specified in Part I of the Eighth
Schedule to this Act, and the said return shall be in the form set out in Part II of that Schedule or as near to it as
circumstances admit.

(2) Where the company has converted any of its shares into stock and given notice of the conversion to the
Commission, the list referred to in paragraph 5 of Part I of the Eighth Schedule to this Act shall state the amount of
stock held by each of the existing members instead of the amount of shares and the particulars relating to shares
required by that paragraph.

372. Annual return by small company

The annual return by a small company shall contain the matters specified in Part I of the Ninth Schedule to this Act
and the return shall be in the form set out in Part II of that Schedule or as near to it as circumstances admit.


NINTH SCHEDULE
(Section 372.]

Annual return of a small company
PART I

[b]Contents
1. The name and address of the registered office of the company.
2. If the register of members is, under the provisions of this Act, kept elsewhere than at the
registered office of the company, the address of the place where it is kept.
3. If any register of holders of debentures of the company or any such register or part of any
such register is, under the provisions of this Act, kept elsewhere than at the registered office of
the company, the address of the place where it is kept.
4. The authorised share capital of the company.
5. The issued capital.
6. The total paid‐up capital.
7. Particulars of the total amount of the indebtedness of the company in respect of all mortgages
and charges which are required to be registered with the Registrar under the Act.
8. Particulars of the directors and secretary.
PART II
ANNUAL RETURN OF ................................................................................................ Limited
made up to the day of .......................... 20 ................. (being the fourteenth day after the date
of the annual general meeting for the year 20 .................................. )
1. Name ............................................................................................................................... .
2. Address ............................................................................................................................ .
(Address of the registered office of the company)
3. Situation of registers of members and debenture holders.
(a) (Address of place at which the register of members is kept, if other than the registered office
of the company).
(b) (Address of any place in Nigeria other than the registered office of the company at
which is kept any register of holders of debentures of the company or any duplicate of any
such register or part of any such register).
4. Particulars of indebtedness.
Total amount of indebtedness of the company in respect of all mortgages and charges which are
required to be registered with the Commission under the Companies and Allied Matters Act, the
particulars of which are set in the annexed statement. N ......................... .
5. Particulars of directors and secretaries.[/b]

Etc.For further details,download CAMA 1999 on google.

373. Annual return by company limited by guarantee
(1) The annual return by a company limited by guarantee shall be in the form prescribed in the Tenth Schedule to
this Act or as near to it as circumstances admit.
[Tenth Schedule.]
(2) There shall be annexed to the return a statement containing particulars of the total amount of the
indebtedness of the company in respect of all mortgages and charges which are required to be registered with the
Commission under this Act.

374. Time for completion of annual return
The annual return shall be completed within 42 days after the annual general meeting for the year, whether or not
that meeting is the first or only ordinary general meeting of the company in that year, and the company shall
forthwith forward to the Commission a copy signed both by a director and by the secretary of the company.

375. Documents to be annexed to annual return
(1) Subject to the provisions of section 377 of this Act, there shall be annexed to the annual return‐
(a) a written copy, certified both by a director and by the secretary of the company to be a true copy, of every
balance sheet and profit and loss account laid before the company in general meeting held in the year to which the
return relates (including every document required by law to be annexed to the balance sheet); and
(b) a copy, certified as aforesaid, of the report of the auditors on, and of the report of the directors accompanying,
each such balance sheet.
(2) If any such balance sheet as is mentioned in subsection (1) of the section or document required by law to be
annexed does not comply with the requirement of the law as in force at the date of the audit with respect to the
form of balance sheets or documents aforesaid, as the case may be, there shall be made such additions to and
corrections in the copy as would have been required to be made in the balance sheet or document in order to
comply with the requirements, and the fact that the copy has been so amended shall be stated on it.

376. Certificates by private company and small company in annual return
(1) A private company shall send with the annual return required by sections 371, 372 or 373 of this Act a
certificate signed both by a director and by the secretary of the company that the company has not, since the date
of the last return, or, in the case of a first return, since the date of the incorporation of the company, issued any
invitation to the public to subscribe for any shares or debentures of the company, and, where the annual return
discloses the fact that the number of members of the company exceeds fifty, also a certificate so signed that the
excess consists wholly of persons who under subsection (3) of section 22 of this Act are not included in reckoning
the number of fifty.
(2) A small company shall in addition to the certificate required under subsection (1) of this section, send with the
annual return a certificate signed by a director and the secretary that‐
(a) it is a private company limited by shares;
(b) the amount of its turn‐over for that year is not more than N2 million or such amount as may be fixed by the
Commission;
(c) its net assets value is not more than N1 million or such amount as may be fixed by the Commission;
(d) none of its members is an alien;
(e) none of its members is a Government, a Government agent or nominee; and
(f) the directors among them hold not less than 51 per cent of the equity share capital of the company.

377. Exception in certain cases of unlimited companies and small companies from requirements of section 375
(1) An unlimited company shall be exempted from the requirements imposed by section 375 of this Act as to
documents to be annexed to the annual return if, but only if‐
(a) at no time during the period to which the return relates has it been, to its knowledge, the subsidiary of a
company that was then limited and at no such time, to its knowledge, have there been held or exercisable by or on
behalf of two or more companies that were limited, shares or powers which, had they been held or exercisable by
one of them, would have made the company its subsidiary;
(b) at no such time has it been the holding company of a company that was then limited.
(2) A small company shall also be exempted from the requirements imposed by section 375 of this Act provided
that it complies with the provision of section 351 of this Act.

378. Penalty for non‐compliance with sections 370 to 376
(1) If a company required to comply with any of the provisions of sections 370 to 376 of this Act fails to do so, the
company and every director or officer of the company who is in default shall be guilty of an offence and liable to a
fine of N 1,000 in the case of a public company and N 100 in the case of a private company.
(2) For the purposes of subsection (1) of this section, "officer" includes any perso

daewoorazer:
[color=#995500]How do they mean returns? Money or what?

Do they expect striving SMEs to start bringing crumbs outta d little they gather? Even in an economy not viable?

Somebori should help me, what are they filing...

Because as it stands, CAC remains a prerequisite to winning a project, and that's why SMEs go for it because some companies won't award u contracts without it for the fear of running with their money.

If it's money they need, Kemi Adeosun should heavily tax Dangote and the likes..... [/color]

Please make comments on matters you know about
Filing returns means , filing company records whether profit or loss

Pls they should not delist my companyooo. This Buhari recession regime is not favourable to business.

My brother registered a company for in 2004. Will he have to pay tax for all the previous years he wasn't operating, if he decides to get a TIN number now.

[quote author=GoodGovernance post=59458308][/quote]
[color=#995500]Thanks so much for the explanation! [/color]

Le me check and see whether my company is among . . . .

tomholly:
There better ways of reaching to them rather than delisting them my opinion . because they will still reg another company

That means more money for CAC. And they get to start afresh. That's the point, I think!

emmadejust:
This serious matter oooo

How do one check whether his company have been delisted

I Hope my business name is not among o...Cause Am suppose to pay my annual return is august but I Have not.

Most of those registered business names were simply created and registered to hustle for govt contracts... Na d same govt ppl get am jare...

mikeycharles:
Wow over 1.5 million registered companies, even that lazy dude called G.E.J could not accomplish this feat.
Na Buhari all the way

how did it better the lives of your kins men begging at oshodi ?

Consula:
Go to their website and search for your company name under the public search corner.

REALLY CONSULAR, I CONFIRMED MINE JUST NOW. BUT I WILL STILL GO TO THEIR OFFICE TO CONFIRM THE DUES... OR IS IT THE NORMAL VAT/TAX?
THANX

....after that, go to FIRS and get a TIN, they have several categories for companies. For a a one man business name that has just been incorporated and not really doing any thing, there's a flat rate that your file yearly. I am not too sure of what it is called, but the lawyer that helped your draft the MOA/AOA will be able to advise you better, but it is good at this early stage you make it a practice to file in the flat rate returns and get your clearance cert. This may come in handy someday who knows, perhaps it could be a criteria for a mega govt bid.

Thankyou.

Boyooosa:
REALLY CONSULAR, I CONFIRMED MINE JUST NOW. BUT I WILL STILL GO TO THEIR OFFICE TO CONFIRM THE DUES... OR IS IT THE NORMAL VAT/TAX?
THANX

Consula:
....after that, go to FIRS and get a TIN, they have several categories for companies. For a a one man business name that has just been incorporated and not really doing any thing, there's a flat rate that your file yearly. I am not too sure of what it is called, but the lawyer that helped your draft the MOA/AOA will be able to advise you better, but it is good at this early stage you make it a practice to file in the flat rate returns and get your clearance cert. This may come in handy someday who knows, perhaps it could be a criteria for a mega govt bid.

Thankyou.

Yeah, thanx. I actually saw their annual returns list, I believe it should be the tax. I got the TIN already, I think I will try to make the remittance ASAP. Thanx. In case this might be useful to someone... http://new.cac.gov.ng/home/summary-of-fees-and-forms/.