Why over 44,000 companies were delisted from CAC database

The Corporate Affairs Commission (CAC) has disclosed its reasons for delisting over 44,000 companies. According to sources at the commission, it was based on an inordinate number of breaches against the Companies and other Matters Act (CAMA) amidst several other extant regulations of the commission, notably, late and outright refusal to file returns. It announced…

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