CAC to crack down on dormant companies

The Corporate Affairs Commission (CAC) has announced plans to delist companies that have failed to file their annual reports for over a decade. CAC disclosed this in a statement on Wednesday. The commission said it has identified a list of dormant companies that have neglected to submit their annual returns for 10 years. 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 notThe post CAC to crack down on dormant companies appeared first on The Guardian Nigeria News - Nigeria and World News.
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