ARTICLE
12 September 2024

Implications Of Not Filing Annual Returns With The Corporate Affairs Commission In Nigeria

Compos Mentis Legal Practitioners

Contributor

Compos Mentis Legal Practitioners is a leading indigenous law firm. Established in 1985, the Firm has a proven track record of providing cutting-edge legal services in both domestic and cross border related matters to individuals, corporations, multinationals and state-owned enterprises across range of industry sectors including financial institutions and governments.
Annual returns are essentially a report submitted to the Corporate Affairs Commission to update them on the financial status of a company for a given year.
Nigeria Corporate/Commercial Law

Annual returns are essentially a report submitted to the Corporate Affairs Commission to update them on the financial status of a company for a given year.

Filing annual returns is a crucial responsibility for all registered businesses in Nigeria, and failure to do so can result in serious penalties.

In this video, we explore the serious implications of failing to submit your annual returns and how it can impact a company.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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