Nigeria's CAC plans to delist inactive companies within 90 days for non-submission of annual reports for ten years.
Nigeria's Corporate Affairs Commission (CAC) plans to delist companies that haven't submitted annual reports for ten years. The commission has shared a list of inactive companies on its website and given them a 90-day ultimatum to file their outstanding annual returns or face deletion from the registry. It is illegal to conduct business under a delisted company's name.
July 24, 2024
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