Pursuant to the implementation of Companies and Allied Matters Act 2020, the Registrar General of Corporate Affairs Commission, Alhaji Garba Abubakar,has threatened to deregister about 100 thousand companies for failure to file annual returns. Most of the affected companies have failed to file annual returns in the last ten years …
Read More »CAMA Re-enacted to Fight Corruption–Buhari Tells UNGA
President Muhammadu Buhari Thursday explained that the recently passed Companies and Allied Matters Act, 2020 (CAMA) in Nigeria will enhance transparency and corporate accountability in the fight against corruption. President Buhari spoke in a video message presented at the Open Government Partnership (OGP) 2020 Virtual Leaders’ Summit on the sidelines …
Read More »12 Benefits For Nigerians In Companies And Allied Matters Act, 2020
President Muhammadu Buhari on Aug. 7 assented to the Companies and Allied Matters Bill, 2020. This is the first reform of CAMA, one of the most important pieces of business legislation in Nigeria, since it was first introduced 30 years ago. Changes that the revised Bill introduces include the following: …
Read More »New Company Act Simplifies Business Registration, Says CAC
The Registrar-General of the Corporate Affairs Commission, CAC, Garba Abubakar, has said that the requirements for registration of companies have been further simplified, following the passing of the Company and Allied Matters Act, CAMA, 2020. Mr Abubakar stated this while receiving the Ambassador of the Federal Republic of Poland in …
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