Explore the role of Nigeria’s Corporate Affairs Commission (CAC), its services, how to register a business, and legal tips for staying compliant.
What Is the CAC and Why Does It Matter?
The Corporate Affairs Commission (CAC) is the regulatory body responsible for overseeing company formation, registration, and corporate compliance in Nigeria. Established under CAMA 1990 (now repealed and replaced by CAMA 2020), the CAC is the go-to authority for any legal business entity in Nigeria.
Whether you’re starting a business, filing annual returns, or making changes to your company, you’ll be dealing with CAC.
Core Functions of the CAC
- Business Registration
- Business names
- Private and public companies
- NGOs and incorporated trustees
- Filing and Records
- Annual returns
- Changes in directors or shareholders
- Share capital updates
- Regulatory Oversight
- Enforcing provisions of CAMA
- Monitoring corporate governance compliance
CAC Services for Entrepreneurs and Businesses
- Name reservation
- Incorporation certificates
- Filing of resolutions and share allotments
- Certificate of good standing
- Business search and verification
How to Stay Compliant with CAC Regulations
- File Annual Returns: Avoid late fees and keep your company in good standing.
- Update Company Info Promptly: Directors, shareholders, or office address changes must be filed.
- Use the Online Portal: CAC registration and filing are now fully digitized.
Common CAC Mistakes to Avoid
- Registering with incomplete documents
- Ignoring deadlines for filings
- Using unauthorized agents
- Not consulting legal counsel before restructuring
Final Word
The CAC is a cornerstone of Nigeria’s corporate ecosystem. If you’re serious about running a legitimate business in Nigeria, understanding how to navigate CAC services is critical.
