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Striking Off Of Dormant Companies from the Register of Companies

Category: Regulators

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Striking Off Of Dormant Companies from the Register of Companies


November 5th, 2009
As part of its on-going effort to sanitise the business environment and ensure strict compliance with the provisions of the Companies and Allied Matters Act, 1990 (CAMA), the Corporate Affairs Commission has concluded arrangements to strike off another batch of 38,582 companies from the Register of Companies in accordance with section 525 of CAMA.
The Commission has noted with dismay that despite our earlier letters and 
advertisements, calling on Directors of companies, Proprietors of Business Names and 
Trustees of Incorporate Trustees to file their Annual Returns, so far only about 32,048 out of 398,453 have responded by filing their Returns.     
We wish to remind defaulting companies, Business Names and Trustees of registered Associations that it is obligatory on them to file annual returns with the Commission and failure to file the returns constitutes a ground for striking off their names from the Register of Companies.
The Commission wishes to give further opportunity to all the affected Companies, 
Business Names and Incorporated Trustees to update their Annual Returns within 30 days from the date of this publication.   All those that failed to comply, will have their names struck off from the Register at the expiration of this notice.
CAC… Committed to prompt and efficient service.
Source: Corporate Affairs Commissions

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