Advisory Compliance with Corporate Affairs Commission (CAC) Notice on Outstanding Annual Returns
The Corporate Affairs Commission (CAC) recently issued a public notice indicating its intention to strike off defunct or dormant companies from its register. This action is grounded in the powers vested in the CAC under Section 692 (3) (4) of the Companies and Allied Matters Act No. 3 of 2020. Specifically, the Commission aims to remove from its register companies that have not filed Annual Returns for a period of at least 10 years.
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