FULL LIST: CAC Delists Dunlop, Mitsubishi, Other Dormant Companies

The Corporate Affairs Commission (CAC), has delisted the names of companies that have not filed their annual reports in 10 years from its register.

 

Daily Bells recalls that on July 25 the commission announced plans to delist names of companies that have been dormant for a decade, giving a grace period of 90 days for corrective measures.

 

Meanwhile, in a statement on Wednesday, the commission said it has stricken off companies that had failed to update their annual reports.

 

The commission’s statement comes more than three months after it warned the concerned companies of the looming action.

 

The statement reads, “The General public may recall that the Commission issued Notice of Intention to strike off names of Companies which the Commission has reasonable cause to believe are not carrying out business or are otherwise dormant by reason of not filing Annual Returns for a period of 10 years.

 

“A statutory period of 90 days was given to such companies to file the requisite Annual Returns and send activation activation@cac.gov.ng. email to Companies that have complied with the advisory have been removed from the list.

 

“The Commission pursuant to its powers granted in Section 692 (4) of the Companies and Allied Matters Act No. 3 of 2020 has stricken off the names of the companies that have failed or refused to update the Annual returns. The detailed list is posted on Commission’s website www.cac.gov.ng,” the statement read.

 

CAC said companies removed from the register are deemed to have been dissolved from the date of publication.

 

The commission added that it is illegal to enter into any transaction or deal with a company that has been dissolved.

 

TheCable reported that 80,429 companies (five active, one without update and 80,423 inactive) were deemed to be dissolved as against the 100,000 companies formerly listed.

 

Some of the companies include:

 

Alfa Royal Ltd

 

Jolly Food Ind. Ltd

 

Dantama Biscuits Factory Ltd

 

Honeycrown Manufacturing Company Limited

 

Havila Gold Nigeria Limited

 

Print Express Limited

 

Hydeson and Avilson Nig Ltd

 

Innoson “Vinod” International Limited

 

Apapa Sea Stores Limited

 

Citigate Limited

 

Mutbish Guards Security Company Limited

 

Safol Integrated Ventures Limited

 

Eko Foods Limited

 

Myers Klein & Goldsmith Ltd

 

De-Luxe Colour Productions Limited

 

Marina Investment Limited

 

Dunlop Nigeria Industries Sales Limited

 

Mitsubishi Shoji Kaisha Limited