The Corporate Affairs Commission (CAC) has officially removed from its register over 80,000 companies that failed to submit their annual returns for the past decade. The commission had previously announced on July 25 that it would be striking off dormant companies from its database, providing a 90-day grace period for non-compliant entities to take corrective action.
In a statement released on Wednesday, the CAC confirmed that it had proceeded with the delisting of companies that did not update their records in response to the notice. The statement clarified, “The general public may recall that the commission issued a notice of intention to strike off names of companies believed to be dormant or not conducting business due to their failure to file annual returns for 10 years.”
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The CAC reminded companies that they were given a statutory 90-day period to comply, during which they were required to submit their overdue annual returns and send an activation email to activation@cac.gov.ng. Those that complied within the grace period remain on the register, while those who did not have been officially delisted.
Exercising its authority under Section 692(4) of the Companies and Allied Matters Act No. 3 of 2020, the CAC published a list of the dissolved companies on its official website (www.cac.gov.ng). These companies are now considered dissolved as of the publication date, and the CAC has warned that any transaction with these entities is illegal.
Some of the notable delisted companies include:
•Jolly Food Industries Ltd
•Dantama Biscuits Factory Ltd
•Honeycrown Manufacturing Company Limited
•Havila Gold Nigeria Limited
•Print Express Limited
•Hydeson and Avilson Nigeria Ltd
•Innoson “Vinod” International Limited
•Apapa Sea Stores Limited
•Citigate Limited
•Mutbish Guards Security Company Limited
•Safol Integrated Ventures Limited
•Eko Foods Limited
•Myers Klein & Goldsmith Ltd
•De-Luxe Colour Productions Ltd
•Marina Investment Ltd
•Dunlop Nigeria Industries Sales Ltd
•Mitsubishi Shoji Kaisha Ltd
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For a full list of the delisted companies, visit the CAC website. The commission emphasized that any dealings with these now-dissolved companies are illegal and will not be recognized.
