The Company Affairs Fee (CAC) has introduced that every one requests to replace enterprise names on-line should now embrace extra private and make contact with info.
The fee disclosed this in a public discover on Wednesday, emphasizing that the transfer is meant to enhance verification and make sure the accuracy of registered enterprise knowledge.
The transfer aligns with the CAC’s ongoing efforts to digitize its processes and strengthen compliance.
What they’re saying
In line with the CAC, efficient instantly, enterprise proprietors submitting on-line updates should present their date of delivery, registered workplace e mail, proprietor’s e mail, a cellphone quantity for both the registered handle or proprietor if totally different, and a legitimate technique of identification.
The fee emphasised that these necessities purpose to reinforce the integrity of the enterprise registry and scale back errors or fraudulent filings.
“The inclusion of those particulars will make sure that all enterprise title information are correct and verifiable, bettering our capability to serve companies effectively,” the discover acknowledged.
The CAC added that failure to supply the required info might end in delays or rejection of replace requests.
What it’s best to know
The CAC has, in latest months, elevated stress on companies to adjust to registration guidelines below the Corporations and Allied Issues Act 2020 (CAMA). In April, the fee issued a public discover giving unregistered companies a six‑week deadline to regularise their standing; failure to take action might result in prosecution.
On the identical time, CAC indicated its intent to delist dormant or non‑compliant corporations, these which didn’t file returns or replace information over a decade, so as to sanitise its registry and make sure the integrity of registered enterprise names.
They issued a public warning after discovering that 15 firm names and registration numbers circulating in Nigeria weren’t registered in its official database — which means they’re faux or solid.
The Fee mentioned the alert turned crucial after complaints about suspicious enterprise actions tied to those entities. It suggested Nigerians buyers, companies, and the overall public to all the time confirm firm names and RC or BN numbers by way of the CAC on-line portal earlier than participating in any transactions, particularly for high-value offers
In August, additionally they uncovered 247 corporations working with false RC numbers. The affected entities had been by no means legally registered, and their RC numbers have been faraway from the official database.
The fee, as a part of its digitisation drive launched an AI-driven registration portal geared toward remodeling the enterprise atmosphere by simplifying firm registration processes and accelerating approvals.
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