The Corporate Affairs Commission (CAC) on Thursday extended the deadline for companies to submit their annual returns from January 1 to April 1, 2024.
CAC in a statement said the extension became necessary due to glitches presently experienced on the Company Registration Portal (CRP) and in deference to the Micro, Small and Medium Scale Enterprises (MSME) sector.
It added that this is coming further to its earlier notice on Thursday, November 2, 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.
“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,” CAC stated.
“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.”
The commission said companies, their directors and officers should note that it shall henceforth proceed against directors and officers of struck-off companies for recovery of undischarged penalties against them.
The commission in July also threatened to delist over 100,000 inactive companies on its database on account of failure to comply with it’s obligations.
