Here are the features of Annual Returns Filling with the CAC:
Filing Annual Returns (Incorporated Trustees)
₦20,000.00
Filing Annual Returns for Incorporated Trustees of Certain Communities, Bodies, and Associations ensures your non-profit's compliance with CAC regulations.
- CAC Filing Fees included.
- Copy of Annual Returns Acknowledgment.
- Copy of CAC Status Report.
- 3 to 7 business days processing time.
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, updating Trustee Particulars, or changing the registered office address.
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.
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.
Requirements for Filling Annual Returns for Incorporated Trustees
Key details required for filing CAC annual returns include:
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.
Benefits of Filling Annual Returns For Incorporated Trustees
Here are the key advantages of regularly filling Annual Returns with the CAC:
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.
File Annual Returns for Incorporated Trustees 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 incorporated trustees' annual returns with the CAC, ensuring compliance with regulatory requirements.
Documentation Preparation: Our team ensures all required documents, including audited financial statements, are properly prepared and reviewed before filing.
Compliance Monitoring: We track and notify you of your filing deadlines to ensure compliance.
Filing Fee Included: Our service package includes all applicable CAC filing fees, providing transparency 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 trustee status reports.
Ongoing Support: We provide continuous support for your statutory filings and compliance needs.