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(1) CBN orders closure of bank accounts of unregistered associations, churches, clubs, town unions, or foundations. These associations or societies must register with the Corporate Affairs Commission and provide their registration documents to the Banks to enable them run their account.    (2) SEC now requires Issuers to provide “No-Objection” letter from their primary regulators as a prerequisite for the Commission’s approval of proposed transactions.   (3) All CMOs are now required to submit their Audited Financial Statements electronically to afs@sec.gov.ng, a dedicated email created by SEC, in a selectable and searchable PDF format (not exceeding 15MB).
CAC

CONFIRMATION OF COMPANY RECORDS AT CORPORATE AFFAIRS COMMISSION (CAC)

February 9, 2022

Cac document approval

The Corporate Affairs Commission has notified the public that the Commission does not guarantee the correctness of status report of entities classified as inactive on the CAC post-registration portal. Therefore, companies have been advised to confirm the current information on their companies.

At RubyLex LP, we are willing and available to assist corporates to confirm their information on the portal as well as assist to update the companies’ details/information, where required. Contact us today at rubylex@rubylex.com for assistance.

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