Thursday,January 21, 2021 / 04:34 PM / By Wole Obayomi / Header Image Credit: pre.cac.gov.ng/home
The Corporate Affairs Commission (CAC) recentlyannounced the upgrade its website and online registration portal ("the Portal")to include features, which allow for the automation of some selected servicesand processes, in line with the Federal Government's mandate of improving theease of doing business in Nigeria. The selected services and processesinclude:
a. Electronic search of company records:
Companiescan now visit the CAC's portal (https://search.cac.gov.ng/home) to confirmtheir corporate information in the CAC's registry, for an application fee of N1,000.
b. Upgraded Companies Registration Portalfor:
- Pre-incorporation filings: the upgrade allowsinvestors and professionals to complete and submit pre-incorporation filingdocuments for new companies via the Portal (https://pre.cac.gov.ng/home) forapproval. Once the application is approved, users can download anelectronic certificate of incorporation (E-Certificate) as the CAC would nolonger issue physical certificates.
- Post incorporation filings: the upgrade alsoallow companies to make changes to their existing information with the CAC viathe Portal (https://post.cac.gov.ng/login), includingchanges to their constitutions, structures and the mandatory annual returns ofthe companies, amongst others.
Comments
We commend the CAC for upgrading its registrationportal to include additional functionalities that will improve itsadministrative processes. This innovation comes on the heels of thepublication of the Companies' Regulations, 2021, which encourages the use oftechnology for service delivery and demonstrates the Federal Government'sresolve to automate the processes of its agencies to align with global bestpractices and improve the ease of doing business in Nigeria.
With the impact of Covid-19 on global administrativeprocedures, it is imperative that the CAC embraces technology to improve itsservices and discontinue manual pre-incorporation and post-incorporationprocedures. It is hoped that the CAC's website and online registrationportal will continue to remain accessible and closely monitored to preventsystem downtime which has plagued such initiatives in the past. Further,the CAC should ensure that adequate measures are put in place to protectcompanies' data and guarantee the integrity of corporate information in itscustody.
Our dedicated Corporate Secretarial Services Team areavailable to support you with your regulatory compliance needs, includingcompany incorporation, miscellaneous statutory filings and general regulatorycompliance with Nigerian corporate law.
Credits
* This statement wasfirst published in the Issue 1.7/ January 2021 Newsletter of KPMG of Thursday,January 21, 2021. For further enquiries,please contact the author, Wole Obayomi via [email protected]
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