Dissolution of Incorporated Trustees

Dissolution of Incorporated Trustees

NGN20,000

Filing a Notice for the dissolution of Incorporated Trustees informs the CAC of the legal dissolution of your non-profit, ensuring your organization's records are accurately updated and compliant with regulatory requirements.

  • CAC filing fees included.
  • Receive acknowledgment of filing.
  • Receive updated CAC Status Report.
  • 3 to 7 business days processing time.

 

Service Fee (All inclusive):

NGN20,000

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.

  • 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 Dissolution of Incorporated Trustees

  • Incorporated Trustee Information: Registration Number, Business name in full, Nature of business, and Date of the change (dd/mm/yyyy).

  • Applicant: At least 50% of the members, the CAC, the Governing Council, or one/two trustees must be involved in the application.

  • Reason for Dissolution: Clearly state the reason for the dissolution of the Incorporated Trustee.

  • Court Order: Provide the date of the court order for dissolution and Certified True Copy (CTC) of the court order for the dissolution of the association.

  • Updated Annual Returns Filing: Before filing for any Post-registration changes, ensure that all annual returns for the Incorporated Trustees are up to date.

  • 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.

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File Annual Returns for Incorporated Trustees in Nigeria

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

  • Annual Returns Filing: We handle the submission of your incorporated trustees' annual returns with the CAC, ensuring compliance with regulatory requirements.

  • Documentation: All documents are carefully prepared and verified for accuracy.

  • Compliance Monitoring: We track and notify you of your filing deadlines to ensure compliance.

  • Transparent Pricing: No hidden charges—all CAC and filing fees are included.

  • Quick Turnaround: Receive your updated Status Report within 3 to 7 business days.

  • Ongoing Support: We provide continuous support for compliance and future statutory needs.

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