CAC Delists Over 40,000 Dormant Companies From Register
The Corporate Affairs Commission (CAC) has delisted over 40,000 names of registered companies from the nation’s registration records between 2017 and 2019 for non-performance.
The Commission said: “We have succeeded to clean up our registration records by delisting at least 40,000 registered companies from our system between October 2017 and October 2019. The exercise is aimed at ensuring that only names of performing companies remain in our database, companies involved could as well re-apply subsequently if they so desires.”
The Acting Registrar-General of CAC, Lady Azuka Azinge, disclosed in Abuja, while briefing journalists on the performance of the Commission in the last two years.
Azinge said, apart from paying worker’s N1billion outstanding salary arrears, as a result of the nine per cent increment in 2013, the management also paid over N400 million pension arrears, which had lingered for over two years.
She also said: “The management has successfully implemented the Business Incentive Strategy (BIS) under which cost of registration of business was reduced by 50 per cent to enable Micro, Small and Medium Enterprises (MSMEs) formalise their business. As we speak today, a total of 244,428 business names have been registered in the last two years.”
She stated that the Commission has completely decentralised its operations in all states of the federation, to ensure that such offices work at par with the Headquarters, and to enable customers pick up their certificates at any location of their choice.
“We have full closure of manual registration nationwide and deployment of online real time pre-registration services to all state offices through the company registration portal (CRP), to enable reorganisation of departments and state offices for efficient service delivery.”She also said the Commission was resolute in facilitating the passage of the Companies and Allied Matters Acts (CAMA) Amendment Bill 2019, by the National Assembly, adding that the bill is presently awaiting Presidential assent.
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