cac

The Digest: The Corporate Affairs Commission (CAC) has warned Nigerian business owners that non-compliant companies will be delisted from its register. This process removes a company's legal status, often to the owner's surprise. Key Points: The CAC is delisting inactive companies from...

The Digest: The Corporate Affairs Commission (CAC) has removed 247 companies from its database, a decisive act of Database's Discipline. The commission stated that the entities were never duly registered as limited liability companies, and their supposed registration certificates and numbers...

The Digest: Biodun Fatoyinbo, the senior pastor of the Commonwealth of Zion Assembly (COZA), has apologized after facing backlash for comments made about the late Joseph Ayo Babalola, the founder of Christ Apostolic Church (CAC). His remarks, which seemed to undermine Babalola’s legacy...

The Digest: Pastor Biodun Fatoyinbo of COZA is facing widespread criticism for controversial remarks about the late Apostle Joseph Ayo Babalola. In a viral sermon, he suggested Babalola’s spiritual grace "went like that" because of a lack of money, sparking strong reactions from the Christ...

The Digest: The Corporate Affairs Commission (CAC) has issued a 90-day ultimatum for over 100,000 inactive companies to regularize their status or face delisting. This measure targets businesses failing to comply with statutory requirements, including annual filings and disclosure obligations...

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...

The Digest: In a major legal victory for KPMG Nigeria, the Court of Appeal has ruled that the Corporate Affairs Commission (CAC) improperly registered the name “KPMG Professional Services.” The court’s decision nullifies the registration, granting KPMG Nigeria all the reliefs it sought. Key...

The Digest: The Corporate Affairs Commission (CAC) has issued a warning to Nigerians to avoid conducting business with three companies using fake incorporation documents and unregistered RC numbers. These companies are operating illegally and pose significant risks to potential partners and...