Top 12 Essential Post-Incorporation Registrations Every Business Owner Should Know About
After incorporating your business in Nigeria, staying compliant with the Corporate Affairs Commission (CAC) is necessary for the legal standing and smooth operation of your business. In the next few days, we’ll talk about these post-incorporation filings and registrations, taking 3 in each post.
- Filing Annual Returns
- What it is: Annual returns filling is an annual report filed to the CAC on the financial health and status of your company.
- Why it’s important: It keeps your business in good standing with the government. Failure to file can result in penalties or even de-registration.
- Deadline: Must be filed not later than 42 days after the Annual General Meeting (AGM).
2. Changes in Business Location:
- What it is: Officially updating your company’s registered office location if it changes after incorporation.
- Why it’s important: The CAC needs to have the current location of your business for legal and official correspondence.
- How to file: File a notice of change of location via the CAC portal or through a legal representative.
3. Changes in Directors
- What it is: Filing any change in the company’s directors, whether it’s the resignation or appointment of new directors.
- Why it’s important: Notifying CAC of the new management team is necessary to update your company’s official records.
- When to file: Changes should be filed within 14 days of the resolution passed to appoint or remove a director.
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See you next week on the top 12 Essential post-incorporation filings and registrations you need to know.
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