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Here’s Why CAC Extended Deadline for Firms’ Annual Return Submission to April

Companies now have until April 1, 2024, instead of January 1, 2024, to file their annual filings, according to a revised deadline set by the Corporate Affairs Commission (CAC).

This was revealed in a statement on Thursday.

“All entities registered under the Companies and Allied Matters Act (Companies, Limited Liability Partnerships, Limited Partnerships, Business Names and Incorporated Trustees) are encouraged to take advantage of the window provided by this extension to file their annual returns to date with the commission,” the Statement said.

The public should be aware, it continued, that the commission’s striking-off processes, which were started before Thursday, November 2, 2023, are unaffected by the publication or the extension of time.

“Companies, their directors and officers should note that the commission shall henceforth proceed against directors and officers of struck-off companies for recovery of undischarged penalties against them.”

The CAC claims that the extension was required due to the current issues with the Company Registration Portal and in response to requests from the Micro, Small, and Medium-Sized Enterprise (MSME) industry.

“The general public should please note that this extension of time does not affect the striking-off proceedings commenced by the Commission before the publication of November 2, 2023.”

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