Annual Returns For Company

Annual Returns for Company

From: NGN20,000

File the Company’s Annual Returns with CAC

Filing your company's Annual Returns with the Corporate Affairs Commission (CAC) is a legal requirement for registered companies in Nigeria. This annual filing, which must be submitted within 42 days of the Annual General Meeting (or by December 31st for small companies), is essential for maintaining an active, compliant legal status and avoiding penalties.

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From: NGN20,000

File Annual Returns for Company in Nigeria

Here’s how SplashDict's CAC-accredited experts assist you:

  • Filing & Submission: We handle the filing of your annual returns with CAC, including any required documentation.

  • Official Confirmation: Receive a CAC acknowledgment letter confirming your annual returns filing.

  • Transparent Pricing: Covers CAC fees, late penalties (if any), and our service fee with no hidden charges.

  • Fast Processing: Filing is completed within 1 to 7 working days, depending on CAC approval.

  • Ongoing Support: Get expert help from our Chartered Secretary and compliance team for all regulatory needs.

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Why File Annual Returns with CAC?

All registered companies in Nigeria are legally required to file Annual Returns with the Corporate Affairs Commission (CAC) every year, whether or not the company has started operations or made a profit.

The primary purpose is to keep your company’s records up to date with CAC and ensure your business remains legally recognized and compliant under the Companies and Allied Matters Act (CAMA). Filing Annual Returns confirms your company’s financial standing, governance structure, and operational status for the preceding year.

  • Maintain Legal Validity: Keep your company officially recognized and in good standing with CAC records.

  • Compliance: It is a key compliance requirement to avoid penalties, de-registration, and being flagged as "inactive" on the CAC portal.

  • Required for Post-Registration Filings: Annual Returns must be filed before making changes like alteration of share capital, director details, registered address, or other corporate changes.

  • Avoid Penalties: Failure to file within 42 days of Annual General Meeting (AGM), or by December 31st for Small Companies, attracts penalties and default fees for the Company and its directors.

  • Boost Trust & Credibility: Show transparency to regulators, banks, clients, and other stakeholders. 

  • Distinct from Tax Returns: It's important to note that CAC Annual Returns are different from tax returns, which are filed with the Federal Inland Revenue Service (FIRS) or state tax authorities.

CAC Post-Incorporation Services

Requirements for Filing Annual Returns of Company with CAC

  • Filing Timelines: Annual returns must be filed within 42 days after the Annual General Meeting (AGM). The first AGM is due within 18 months of incorporation, and subsequent AGMs must be held no more than 15 months apart.

    Small companies (turnover not more than N100 million) can skip AGMs but must file annual returns by December 31st. New companies are exempt for the first 18 months.

  • Company Details: Provide Company name, CAC registration number, registered office address, date of incorporation, date of the AGM, description of the principal activity, company type, and date of the relevant 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.

  • Governance Details: Full information on directors, shareholders, secretary (if applicable), and Persons with Significant Control (PSC).

  • 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.).

  • Financial Statements (if applicable): For companies (excluding small companies), financial statements approved at the AGM must be submitted. This can be handled by our team of Chartered Secretaries.

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

File Annual Returns

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