Legal Question in Business Law in Nigeria
I have not made my company (LTD) annual returns for the past 6 years to the Corporate Affairs Commission (CAC). What punitive measures can they take against me or my company under the law? Can they take me to court?
Thanks.
Saleh
Asked on 10/06/17, 1:30 am
1 Answer from Attorneys
Rotimi Ogunlade
Rotimi Ogunlade & Associates
The corporate affairs commission does not go about disturbing companies that are in default of their annual returns. This is because there are penalties that accrue for default which your company must pay anytime it needs anything from cac.
Where there is no activity on the company file for a long duration, then cac may strike out the name of the company from their records.
Feel free to contact me on [email protected] for further assistance or clarification
Answered on 11/02/17, 12:13 pm
Related Questions & Answers
-
Please what can i do to some people that are treathning me to join their society... Asked 3/15/17, 2:35 am in Nigeria Business Law
-
Can an Enterprise company import goods by the use of Form M & opening Letter of... Asked 2/02/17, 3:51 am in Nigeria Business Law
-
To what extent could you justify company law as it effects the economic development... Asked 12/24/16, 6:33 am in Nigeria Business Law
-
Exception to the maximum of delegates non protest delegare in the law of agency Asked 11/20/16, 12:17 am in Nigeria Business Law
-
Does a customer have the right to use money due to me to effect any repairs on goods... Asked 11/15/16, 3:03 am in Nigeria Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
