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Filing Annual Returns (Company)

₦15,000.00

File Annual Returns for Your Company with SplashDict

Stay compliant and avoid penalties with our seamless annual returns filing service. Whether your company is active or dormant, SplashDict ensures your filing is completed accurately and on time.

  • Filing of Company Annual Returns with CAC.
  • CAC Fees Included.
  • Receive a Copy of the Annual Returns Acknowledgment.
  • Processing Time: 2 to 7 business days turnaround.

 

  • *Company type

    Select the Company category.

    *Filing Year

    Annual returns must be filed for every default year.

    *Late Filing Fee

    Filing annual returns after June 30th of the following year attracts penalties. For example, the annual returns for the year ending 2023 must be filed by June 30, 2024, to avoid a late filing fee.

Key Features of Annual Returns for Companies

Here are the features of Annual Returns Filling with the CAC:

  • Legal Compliance: Filing annual returns is a statutory obligation under the Companies and Allied Matters Act (CAMA). Ensures companies remain in good standing with the CAC.

  • Access to Post-Incorporation Services: Filing annual returns is mandatory to access essential CAC services, including share transfers, obtaining Certified True Copies (CTC), updating business details, appointing or removing directors, and changing registered addresses.

  • Filing Timeline: Companies must file annual returns within 42 days after the AGM. The first AGM must be held within 18 months of incorporation, with subsequent AGMs no more than 15 months apart.

    Annual returns for the preceding year must be filed by June 30th of the following year.

  • Filing Timeline for Small Companies: Small companies are not required to hold AGMs. Instead, they must deliver their annual returns to the CAC by December 31st of each year.

    A small company has an annual turnover not exceeding ₦120 million and net assets value not exceeding ₦60 million.

  • Updates Public Records: Filing ensures the company's details (e.g., directors, shareholding structure, and registered address) are accurate and up-to-date in the public registry.

  • Ease of Filing: The CAC online portal has simplified the process. All that is required is to employ the services of an accredited agent, to carry out the filing on your behalf.

  • Separate from Taxes: Annual returns are distinct from tax filings handled by the Federal or State Inland Revenue Services. They focus solely on corporate compliance, not taxation.

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Requirements for Filing Annual Returns of Companies

  • Company Details: This includes Company Name, Company Address, Total Share Capital, Date of Company registration, Date of Annual General Meeting, Classification codes (1 and 2), Description of the principal activity, Company type, and Date of resolution. 

  • Particulars of Indebtedness: Total indebtedness of the company, particularly for any mortgages or charges required to be registered with the CAC.

  • Particulars of Turnover & Net Assets: This includes Total Turnover and Total Value of Net Assets.

  • Company Address: The Registered Company Address, including house/building number, street name, city/town/village, LGA, state, and postcode. Also, provide Head Office Location if different from the registered address. 

  • Secretary’s Details: Full name, contact information, and address of the company secretary.

  • Directors’ Details: Full names, contact information (phone and email), and residential addresses of current directors.

  • Issued Share Capital Details: Provide Total Share Capital (₦): The value of the company’s issued share capital and Description of the share types (e.g., Ordinary, Preference, etc.).

  • Shareholders details: Full names, contact details, number of shares held, and the type of shares for past and present shareholders.

  • Financial Information: Non-small companies are required to submit certified copies of balance sheets and directors' reports for the year.

  • Persons with Significant Control (PSC): This includes the name, address, date of birth, nationality, and means of identification. Indicate if the PSC holds at least 5% of shares, voting rights, or has significant influence over the company.

  • Certification: The form must be signed by a company director, secretary, or authorized officer, and accompanied by certified financial statements (if applicable) and required certificates.

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Benefits of Filling Annual Returns For Companies

Here are the key advantages of regularly filling Annual Returns with the CAC:

  • Ensures Legal Compliance: Filing annual returns keeps your company compliant with Nigerian law, avoiding fines, penalties, or deregistration.

  • Avoid Being Marked 'Inactive': Filling annual returns prevents the company from being marked as inactive by the CAC, which could limit operations and legal recognition.

  • Avoids Penalties for Late Filing: The Commission imposes penalties on companies for late filing, which must be paid when rectifying the filing situation.

  • Avoids Striking Off from the Register: A company may be struck off the register of companies if the business is in default of filing returns for 10 consecutive years.

  • Ease of Future Regulatory Processes: Regular compliance can simplify the process of obtaining other regulatory approvals, renewing licenses, or making changes to the company's structure or operations.

  • Enhances Credibility: Demonstrates accountability and professionalism, increasing trust with clients, investors, and partners.

File Annual Returns for Companies in Nigeria

Here's how SplashDict's CAC-accredited Chartered Secretaries can Assist with Annual Returns Filings:

  • Annual Returns Filing: We handle the submission of your company's annual returns to the CAC, ensuring compliance with all regulatory requirements.

  • Documentation Preparation: Our team prepares and reviews all required documents, including directors' details, shareholding structure, and other statutory information, for seamless filing.

  • Filing Fee Included: Our service package includes all applicable CAC filing fees, with no hidden charges.

  • Submission and Processing: We manage the entire filing process to ensure swift and accurate submission.

  • Document Delivery: Receive official CAC documents, including acknowledgment of your annual returns and updated company status reports.

  • Compliance Monitoring: We track and remind you of your filing deadlines to help you avoid penalties and maintain compliance.

  • Ongoing Support: We provide continuous support for all your corporate statutory filings and compliance needs.

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