Abuja, Dec. 24, 2023 – The Corporate Affairs Commission (CAC) has extended the deadline for submission of companies annual returns from 1st January to 1st of April 204.
This was disclosed in a statement issued by the commission on Thursday.
It said the extension was due to the glitches on the Company’s Registration Portal (CRP) as well as a deference to the Micro, Small, and Medium Scale Enterprises (MSME) sector.
The CAC recently released a circular to delist 91,843 companies by December end for neglecting to submit their annual returns on the commission’s website.
The commission, however, said it had put the penalties on hold for companies since the deadline for submission had been extended to April 1, 2024.
The CAC advised companies to take advantage of the window provided by the extension to file their annual returns with the commission.
“Further to its earlier notice on Thursday, 2nd November 2023 informing the General Public that it shall commence the full application of the penalties prescribed by the Companies and Allied Matters Acts 2020 and the Companies Registrations 2021 against Companies and each of their Directors or Officers for failures to file annual returns, the Commission hereby extends the commencement date from 1st of January 2024 to 1st of April 2024.
“This extension has become necessary given the glitches presently experienced on the Company Registration Portal (CRP) and in deference to the appeals from the Micro, Small and Medium Enterprises (MSME) sector.
“All entities registered under the Companies and Allied Matters Act (Companies, Limited Liability Partnerships, Limited Partnerships, Business Names and Incorporated Trustees) are encouraged to take advantage of the window provided by this extension to file their annual returns to date with the Commission.
“The General Public should please note that this extension of time does not affect the striking-off proceedings commenced by the Commission before the publication of Thursday, 2nd of November 2023,” it added. (GBN)
