The Corporate Affairs Commission (CAC) has announced plans to delist defunct or dormant companies that have failed to file annual returns for a decade.
This decision, grounded in Section 692 (3) (4) of the Companies and Allied Matters Act No. 3 of 2020, was made public via a statement on Wednesday on X.
The CAC said it has provided a comprehensive list of these companies on its official website, www.cac.gov.ng.
Affected companies have been granted a 90-day window from the date of the announcement to submit all outstanding annual returns.
These companies must also notify the CAC of their compliance by emailing activation@cac.gov.ng to ensure their names are removed from the delisting list.
The commission stressed that continuing to conduct business under the name of a delisted company is illegal, as such a company is considered dissolved.
“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.
“A full list is published on the Commission’s website, www.cac.gov.ng.
“These companies are given a period of 90 days from the date of this publication to file all outstanding annual returns and send an email of this fact to activation@cac.gov.ng. so as to remove their names 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,” the statement read.
