
CAC Sets To Delist 100,000 Dormant Companies, Gives 90-day Grace Period
The Corporate Affairs Commission (CAC) has announced plans to delist 100,000 companies from its register over prolonged inactivity and non-compliance with statutory requirements under the Companies and Allied Matters Act (CAMA). According to a public notice issued by the Commission, the affected companies have been identified as either not carrying on business, inactive for at…