Business
CAC Introduces New Business Registration Forms, Next Week

The Corporate Affairs Commission (CAC), has said that the two new forms of business registration provided by the Companies and Allied Matters Act (CAMA 2020) would be made available for Nigerians at the end of this month.
Registration General of the commission, Garba Abubakar, who disclosed this at a stakeholders’ forum in Port Harcourt, last Thursday, said the new forms; the Limited Partnership (LP) and Limited Liability Partnership (LLP) were becoming increasingly acceptable globally.
He said the CAC was making arrangements to deploy a customer relationship management (CRM) software to interact with customers and resolve their challenges 24 hours a day.
According to him, the filing of statements of affairs and biannual statements are now conducted seamlessly on the CAC’s registration portal.
Abubakar maintained that all the forms of post-incorporation filings were now available on the portal, apart from two of them.
The CAC boss emphasised that the commission can no longer entertain filing of share transfer as it was alien to the law.
He added that information on a person with significant control (PSC) was available free of charge on the CAC website in line with global anti-money laundering requirements.
Highlighting on some customers’ concerns on the CAC’s denial of certain names for registration, Abubakar said that some of such rejected names had security implications while others were deceptive or abstract.
He, however, advised customers to always approach the commission with fully qualified names that equally agree with the objectives of the association or organisation applying for registration.
While acknowledging the challenges of some customers interacting with the company registration portal (CRP), Abubakar enjoined users to always read guidelines for registration on its website and leverage on the multimedia provided to aid user ability.
By: Corlins Walter