FILING OF BI-ANNUAL STATEMENT OF AFFAIRS FOR ASSOCIATIONS

FILING OF BI-ANNUAL STATEMENT OF AFFAIRS FOR ASSOCIATIONS

The Commission wishes to remind Trustees of associations incorporated under the Companies and Allied Matters Act 2020 (or its precursors) of the requirement to file Bi-annual Statement of Affairs of their respective Associations. This is in line with the provisions of Section 845 (1) of the Companies and Allied Matters Act 2020 (CAMA) and Regulation 32 of the Companies Regulations 2021 (as Amended). The Statements are required to cover the respective periods of January 1^st to June 30^th and July 1^st to December 31^st of every year. The timelines for filing of the Statements are not later than July 15^th (for the Statement ending June 30^th) and January 15^th (for the Statement ending December 31^st).

Trustees should submit the Statement on the Company Registration Portal (CRP).

In addition, Trustees should note that filings made after the respective timelines shall attract daily penalty against each Trustee for every day during which the default continues and in accordance with the provisions of Section 845 (2), CAMA.

For more information and resources, kindly visit our website: www.cac.gov.ng

Signed:

Management

21^st July 2022