CAC Sets Up Desks In State Offices

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The Registrar-General of the Corporate Affairs Commission (CAC), Alhaji Bello Mahmud, said the commission has set up desks in state offices to facilitate the registration of various categories of businesses.

Mahmud made this known on Monday in Abuja when he paid a courtesy visit on Alhajin Mohammed Umar, the Director-General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN).

He said the purpose of the visit was to further discuss possible areas of collaboration between the two organisations.

“As part of the commission’s four-point agenda to encourage the development of Micro, Small and Medium Enterprises (MSMEs), CAC has secured places where individuals are free to register Business Names and Incorporated Trustees without going through lawyers, chartered accountants and chartered secretaries.

“It is only in the registration of Limited Liability Companies that members of the public will seek the services of accredited customers of the CAC for incorporation on related matters,’’ he said.

Mahmud stressed the need for SMEDAN to sensitise small business operators to register their businesses with CAC and also enlighten them on the need to file annual returns.

He said the annual returns would enable them to operate legally as the commission would be collaborating with contract awarding bodies

both in public and private sectors to enforce the practice of confirming the status of companies.

“Every company is required to file annual returns within 18 months after incorporation and subsequently every year. Annual returns inform the commission of the status of a company as a going concern,’’ he stressed.

Umar on the occasion, said the development of small and medium enterprises in the country should be fast-tracked to create the right environment for more Nigerians to be self-reliant, especially the restive youths.

He pointed out that apart from education, skill acquisition was an important factor to sustainable enterprise.