The Nigerian Corporate Affairs agency was founded in 1990 by the Corporations and Associated Matters Act No. 1 (CAMA) 1990. As amended, presently on Act Cap C20 Laws of the Federation of Nigeria. The Corporations and Associated Matters Act 2020 govern its formation, structure, and funding. It is an autonomous agency in charge of regulating the creation and management of business structures in the country. According to the commission, it offers business registration services to all kinds of businesses, as well as non-profit organizations. Its services are executed by legit members of the Association of National Accountants of Nigeria (ANAN). The Institute of Chartered Accountants of Nigeria (ICAN), the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), etc. The commission is presided over by a Registrar-General. CAC offers not only business registration-related services but also investigates the affairs of a company when required by the shareholders or general public. It registers and incorporates companies and non-profit organizations in Nigeria, as well as provides information to businesses on legal and regulatory requirements. The official website used by the commission is https://www.cac.gov.ng/. In Nigeria, all businesses must be registered as legal entities and their operations must be regulated. This is why the CAC came into existence.
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If you are looking to access the services offered by the commission or are just interested in learning about the agency and all it can offer you. This is an article on the Corporate Affairs Commission of Nigeria and other information you need.
Businesses cooperating with this organization
According to the commission, it offers business registration services to all kinds of businesses, as well as non-profit organizations. New business owners can register with the agency to enter their business names into the commercial register. To make the process faster and easier, the commission has accredited agents across the country who are in charge of reaching out to potential businesses.
Services offered
CAC offers not only business registration-related services but also processes statutory fillings of annual reports of locally based companies. The following are some of the services offered by the commission:
- Company Formation
- Business Name Registration
- Incorporated Trustees Registration
- Registration of Companies
- Performing searches
- Issuance of certified copies of filed documents
- Registration of share capital increases, mortgages, and other transactions must be registered
- Handle annual return filings, memo and article revisions, address changes, etc.
- Probe a corporation when shareholders and the public need it
- Company management and dissolution, etc.
Description of organization
The CAC is in charge of registering and incorporating companies and non-profit organizations in Nigeria, as well as providing information to businesses on legal and regulatory requirements. It monitors companies’ compliance with the CAMA and ensures all Commission statutory forms and publications are available for purchase. It responds to inquiries and complaints about the commission’s services. In addition, it processes the preliminary accreditation of recognized professionals and direct users of the Companies Registry, such as lawyers, chartered accountants, and chartered secretaries.
Official website
The official website used by the commission is https://www.cac.gov.ng/. People interested in learning more about its services can visit this website using the internet. It is also available for those looking to access some of the services provided.
Cooperation with business
In Nigeria, all commercial enterprises are required to be registered as separate legal entities, and such registrations must be followed by strict operational guidelines. This is the impetus for the formation of the CAC. It is responsible for ensuring that registration services are made available to businesses and organizations. These will make it much simpler for these entities to comply with the legislation governing corporate activities. In addition, the commission provides firms with information and help on corporate affairs regulations when it is necessary to do so.
