It is mandatory, under the Companies and Allied Matters Act 2020 (“CAMA”), for every registered business name, private or public company (either limited by shares or guarantee or unlimited), incorporated trustees or partnership to file annual returns with the Corporate Affairs Commission (“CAC”). Prompt and up-to-date filing of annual returns is one way to notify CAC that a business is active and operational. Failure to file annual return may lead to penal sanctions against the directors or principal officers and the company as well as the striking off of the company’s name from the Register of Companies and the name … Continue reading WHY EVERY COMPANY MUST FILE ANNUAL RETURNS IN NIGERIA