The Digest:
The Corporate Affairs Commission (CAC) has postponed the start of new fees and penalties for document downloads on its upgraded registration portal. The delay, now set for September 1, is a response to user challenges on the platform.
Key Points:
- The implementation of new service fees, initially scheduled for August 1, has been pushed to September 1.
- The fees apply to documents not downloaded within seven days of approval.
- User difficulties include problems with downloading documents, payment processing, post-incorporation filings, and uploading required documents.
- The CAC is working to stabilise the system without shutting down the portal, alongside technical partners and stakeholders.
- The delay provides temporary relief to businesses, ensuring smoother operations during the transition to the AI-powered platform.
- The adjustment follows feedback from users and stakeholders across Nigeria.
The CAC has responded to user feedback by postponing new fees to allow for system improvements, aiming for a seamless transition to its new AI-driven platform.
Sources: TheCable, CAC
