NOTICE ON 14TH SCHEDULE FILING FEES AND PENALTIES
(SECTION 733, CAMA)
Further to the notice to its esteemed customers dated on January 25th, 2021 with respect to filing of the Statement in the 14th Schedule, the Commission hereby informs customers and the general public that the fees payable for filing of the Statement are as prescribed in the Companies Regulations 2021 approved by the Honourable Minister for Industry, Trade and Investment, Otunba Niyi Adebayo (CON) and which are as follows –
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N5,000.00 for a Private Company, and
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N10,000.00 for a Public Company.
Penalties for late filing of the Statement shall be assessed in accordance with Section 733 (4) of the Companies and Allied Matters Act (CAMA) and the Companies Regulations 2021 as follows –
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In the case of a Small Company: N250.00 for every day during which the default continues against the Company, each of its Directors and the Company Secretary.
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In the case of a Private Company other than Small Company: N500.00 for every day during which the default continues against the Company, each of its Directors and the Company Secretary.
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In the case of a Public Company: N1,000.00 for every day during which the default continues against the Company, each of its Directors and the Company Secretary.