CAC opens portal for unregistered business owners in Nigeria next month

CAC opens portal for unregistered business owners in Nigeria next month

Nigerian businesses yet to be identified by the Corporate Affairs Commission (CAC), now have the privilege to, as the commission disclosed it has concluded plans to commence registration next month.

iBrandTV check shows that, the CAC official filing fee for the registration of business name in the country is N10,000.

Also iBrandTV gathered that the commission are set to pull out two new forms of business registrations provided by CAMA, 2020, by the end of August.

What the commission said

According to Alhaji Garba Abubakar, Registrar General of the commission, the new forms of Business Registrations, Limited Partnership (LP) and Limited Liability Partnership (LLP) were becoming increasingly desirable across various jurisdictions around the globe.

While declaring open a Stakeholders forum in Port Harcourt, revealed that the Commission was making arrangements for next year to deploy Customer Relationship Management (CRM) software to interact with customers and resolve their challenges 24hrs a day.

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The Registrar General also used the forum to highlight the Commission’s ongoing reforms, adding that filing of Statement of Affairs and Biannual Statements were now conducted seamlessly on the Companies Registration Portal.

He maintained that all post incorporation filings were now available online 24 hours on the company registration portal, noting that only two post incorporation filings are yet to be online.

“The Commission will no longer entertains filing of Share transfer as it was alien to the law.

“Information on Person with Significant Control (PSC) was available free of charge on the CAC website in line with global Anti Money Laundering requirement.”

What he said about rejected names

Addressing some customers concern on the Commission’s denial of certain names for registration, the Registrar General maintained that while some of such rejected names had security implications others were deceptive or abstract.

He, however, advised customers to always approach the commission with fully qualified names that equally agree with objectives of the association or organisation applying for registration.

While acknowledging the challenges of some customers interacting with the Company Registration Portal ( CRP), Abubakar enjoined users to always read guidelines for registration on its website and leverage on the multimedia provided to aid user ability.

He, therefore, reiterated the Commission’s resolve to continually improve its processes and ensure timely resolution of customer complaints.

What you need to know about CAC registration

According to the Companies Regulations 2021, the filing fees for the Statement are N5,000.00 and N10,000.00 for private and public companies, respectively

But, where an accredited agent is engaged by the applicant for such registration, the agent will also charge a professional fee for the services to be rendered

Also in some cases where one is not sure if his/her business has been registered or wants to verify, one can easily log on to their website.

Scroll down the site and click on “Public Search” Insert the RC Number of the company you wish to search (if known) or the full name of the company in the search box and click on “Search” If the company is registered, the result will display the full company name, RC number, and office address.

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