Filing annual returns with the Corporate Affairs Commission (CAC) is a legal requirement for registered businesses in Nigeria. Many business owners overlook this obligation, risking penalties, deregistration, or loss of business opportunities. At Faturoti Taiwo & Co., a trusted accounting and advisory firm in Lagos, we help you stay compliant and informed.
What are Annual Returns?
Annual returns are formal reports submitted to the CAC, providing an up-to-date summary of a company’s structure, ownership, and business activities. They are different from financial statements and serve to keep a company’s records current on the CAC database.
Who Must File Annual Returns?
The following business types must file annual returns:
- Private and public limited companies
- Business names
- Incorporated trustees (NGOs, churches, associations, etc.)
When to File Annual Returns
- For companies: Annual returns must be filed not later than 42 days after the company’s annual general meeting (AGM).
- For business names: Filing is required not later than 30th June each year after the year of registration.
- For incorporated trustees: Returns must be filed not later than 30th June of every year.
Failure to file attracts late filing penalties and could lead to CAC striking off your business name or status.
Check CAC filing details on the official CAC portal
Step-by-Step: How to File Annual Returns
1. Gather Required Information
- Company/business name
- RC or BN number
- Registered office address
- Details of directors, shareholders, or trustees
2. Complete the Annual Return Forms
Download and fill the appropriate CAC forms (e.g., CAC 10, CAC BN 15, CAC/IT 4 depending on your entity type).
3. Pay the Filing Fee
Pay the stipulated annual return fee through the CAC portal or designated bank channels.
4. Submit at the CAC Office or Online
Submit your documents via the CAC self-service portal or at the nearest CAC office.
Common Mistakes to Avoid
- Forgetting to file returns annually
- Using outdated or incorrect information
- Missing submission deadlines
- Ignoring reminders or notices from CAC
How Faturoti Taiwo & Co. Can Help
Avoid the hassle and risk of non-compliance. Our team offers:
- Timely filing of annual returns for all entity types
- Advisory on corporate governance and compliance
- Ongoing CAC liaison and support
👉 Contact us today to ensure your annual returns are filed accurately and on time.
Filing your annual returns with the CAC is not optional—it’s a legal duty. Whether you’re a new business owner or managing a large organization, Faturoti Taiwo & Co. ensures full compliance so you can focus on growing your business.