CAC to delist 100,000 dormant companies from the company register
The Corporate Affairs Commission (CAC) has issued warning and notice of its intention to strike off from the company register a total of almost 100,000 dormant companies that have failed to file their annual returns for the past ten years.
The CAC advised affected companies and their owners to file all pending and outstanding returns within the next 90 days from July otherwise their companies will be delisted and cease to exist.
We hope the list as published by CAC is correct as it contains the names of some popular organizations not ordinarily expected to be defaulting on filing annual returns. Such unexpected names include Sopitex Nigeria Limited, Murhi International Co. (Nig) Ltd, Chisco Transport (Nigeria) Limited, Franco-Nigerian Chamber Of Commerce & Industry, Zenon Petroleum And Gas Limited, Edfin Microfinance Bank Limited, Kay Farms Products Limited, Arewa Textile Limited, Christian Pentecostal Fellowship Of Nigeria, Elf Exploration Nig Ltd and Cotecna Destination Inspection Limited
The CAC notice captioned NOTICE OF INTENTION TO STRIKE OFF COMPANIES FROM THE REGISTER reads, “This is to inform the General Public that the Commission pursuant to its powers contained in Section 692 (3) (4) of the Companies and Allied Matters Act No. 3 of 2020, intends to strike off from the Register, names of defunct or dormant companies that have not filed Annual Returns for a period of 10 years. It is dated July 23, 2024
“These companies are given a period of 90 days from the date of this publication to file all outstanding Annual Returns and send email of this fact to [email protected] so as to remove the name from the list.
“It is to be noted that it is illegal to carry on business with the name of a company that has been delisted from the register as such company is deemed to be dissolved. view list by clicking the link below https://www.cac.gov.ng/wp-content/uploads/2024/07/AR-DEFAULT-JUL-16-2024-1.csv
