Corporate affairs commission new update 2019
The Corporate Affairs Commission (CAC) in Nigeria has made several updates in 2019 to improve its services and enhance the ease of doing business in the country. Some of the key updates include:
- Introduction of the Corporate Affairs Commission (CAC) Online Registration Portal: The CAC launched an online registration portal in 2019, which allows companies to register and renew their business names, and obtain other corporate documents online.
- Simplified Registration Process: The CAC simplified its registration process, reducing the number of documents required for registration from 15 to 7. This has made it easier for businesses to register and start operating in Nigeria.
- Introduction of the Corporate Affairs Commission (CAC) Mobile App: The CAC launched a mobile app in 2019, which allows users to access CAC services, including registration, renewal, and verification of companies, on-the-go.
- Enhanced Search Functionality: The CAC updated its online search functionality, allowing users to search for companies by name, registration number, or other criteria.
- Improved Customer Service: The CAC introduced a customer service portal, which allows users to submit complaints and feedback, and track the status of their requests.
- Increased Efficiency: The CAC implemented various efficiency measures, including the use of biometric technology to reduce processing time and improve accuracy.
- Introduction of the Corporate Affairs Commission (CAC) Electronic Certificate of Incorporation: The CAC introduced an electronic certificate of incorporation, which is issued to companies upon registration. This certificate is valid for 30 days and can be renewed online.
- Simplified Renewal Process: The CAC simplified its renewal process, allowing companies to renew their registration online and receive their renewed certificate of incorporation electronically.
- Introduction of the Corporate Affairs Commission (CAC) Annual Returns: The CAC introduced an annual returns system, which requires companies to submit their annual returns online. This has improved the accuracy and timeliness of company information.
- Improved Data Management: The CAC improved its data management system, allowing for better tracking and analysis of company information.
These updates have improved the efficiency and effectiveness of the CAC, making it easier for businesses to register and operate in Nigeria.