Filing Annual Returns (Incorporated Trustees)

Filing Annual Returns (Incorporated Trustees)

₦20,000.00

File Annual Returns for Your Incorporated Trustees with SplashDict

Maintain compliance and avoid penalties with our reliable annual returns filing service. Whether your organization is active or dormant, SplashDict ensures accurate and timely filing to meet regulatory requirements.

  • Filing of Annual Returns for Incorporated Trustees with the Corporate Affairs Commission (CAC).
  • All CAC Fees Covered.
  • Receive a Copy of the Annual Returns Acknowledgment.
  • Processing Time: 2 to 7 business days turnaround.

 

  • *Filing Year

    Annual returns must be filed for every default year.

    Late Filing Fee

    Incorporated Trustees are required to file their Returns not earlier than the 30th of June or later than the 31st of December in each year to avoid a late filing fee.

Key Features of Annual Returns for Incorporated Trustees

  • Legal Compliance: Filing annual returns is a statutory requirement under the Companies and Allied Matters Act (CAMA), ensuring trustees remain compliant with Nigerian law and maintain their legal recognition.

  • Access to Post-Incorporation Services: Filing annual returns is necessary to access vital CAC post-registration services, such as obtaining documents, changing the registered office address, etc.

  • Filing Timeline: Registered Incorporated Trustees in Nigeria, whether active or dormant, must file annual returns between June 30th and December 31st for the preceding financial year.

  • Updates Public Records: Filing ensures the trustee organization's details, including its executives, objectives, and registered address, are accurate and updated in the CAC public registry.

  • Penalties for Non-Compliance: Failure to file annual returns may result in penalties, suspension of operations, or deregistration of the incorporated trustees by the CAC.

  • 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 Filling Annual Returns of Incorporated Trustees

  • Filing Period: Annual returns must be submitted between 30th June and 31st December each year, excluding the year of registration.

  • Incorporated Trustees Details: Provide the Name of the Association, Registration Number, Classification of the Association, and Registered Office Address.

  • Trustee Details: For each trustee, provide full names (surname and forenames), nationality, date of birth, gender, telephone number, identity number and type, email address, occupation, residential address (full details), service address (full details), as well as the signature and the date of signing.

  • Particulars of Governing Council (Executives): For each governing council member - Surname and Other Names, Position Held, Service Address (Full details), Email and Phone Number.

  • Annual Return Details: Provide the Year of Return, Financial Year Start and End Dates, Gross Assets (₦), Net Assets (₦), Sources of Income for the year, Bankers, Bank and balances as of the financial year-end, and Trustees' Benefits during the year.

  • Authorization: The application must be signed by the trustees, secretary, or an authorized representative of the Association.

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Benefits of Filling Annual Returns For Incorporated Trustees

  • Ensures Legal Compliance: Filing annual returns ensures your incorporated trustees comply with Nigerian law, avoiding penalties, fines, or deregistration.

  • Avoid Being Marked 'Inactive': Filling annual returns prevents the Trustee 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 Trustee may be struck off the register of companies if it 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.

Discover CAC Post-Registration Service

File Annual Returns for Incorporated Trustees in Nigeria

Here's how SplashDict's CAC-accredited Chartered Secretaries can assist you:

  • Filing of Annual Returns of Incorporated Trustees: We file your Annual returns with the CAC on your behalf.

  • Documentation: We handle all Filing documents. 

  • Transparent Pricing: CAC and our Filing fees are included with no hidden charges.

  • Quick Turnaround: Receive official annual returns acknowledgment within 2 to 7 business days.

  • Continuous Support: We assist with future compliance and statutory needs.

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