BABCOCK UNIVERSITY ILISHAN-REMO, NIGERIA
SUBJECT: Corporate Affairs Commission (CAC)
COURSE: Principle of Management
GROUP USERS: Ezechukwu Somtochukwu Godwin 14/1942
Elugbuji Omosalewa Patience 14/1474 Adesina Kikelomo Ganiyat 14/1239 Okesola Nuah 14/4396 Akinyoola Emmanuel 14/2593 Ori Mercy Onyema 14/4319 Anozie Chidinma 14/2657 Udo-Essien Blessing 14/0179 Ogbaga Chinelo Ekeanyanwu Ozioma Omolade Adediwura
LECTURER: Mrs Makinde
COMPOSITION OF C. A. C4
FORMS OF CAC4
FUNTION IN THE COMMISSION5
TYPES OF COMPANIES5
1 . Singular Trader5
2 . Private Limited Company (LTD5
3. General public Limited Company6
4. Guarantee Company6
The Corporate Affairs Commission (CAC) of Nigeria was established in 1990. It is an autonomous physique charged with all the responsibility to manage the formation and management of companies in Nigeria. That carries out its function through accredited associates of the Affiliation of Countrywide Accountants of Nigeria, ICAN, Institute of Chattered Assistants and Administrators of Nigeria (ICSAN) and NBA. It can be headed by Registrar-General. Before the enactment of CAMA, these types of activities had been carried on underneath the companies Take action 1968. The establishment with the Corporate Affairs Commission as an autonomous body was as a result of the perceived inefficiency and ineffectiveness of the when company computer registry a section within the Government Ministry of Commerce and Tourism that has been then responsible for the repealed companies action of late 1960s.
To become world class industry’s registry providing excellent subscription and regulatory services. OBJECTIVE
" We could committed to offering registration and regulatory assistance that meet the expectations of stakeholders pertaining to the benefit of the economyвЂќ. KEY VALUES
FRAMEWORK OF C. A. C
He leader who is appointed the president of the National Republic of Nigeria. A representative of the legal profession.
An agent of the Accounting profession.
An agent of the Nigeria Chamber of commerce, industries, mines and agriculture. An agent of Securities and Exchange Commission.
An agent of the Manufacturer's Association of Nigeria. A representative of the National Ministry of Commerce.
An agent of the Federal government Ministry of Industries.
An agent of the Federal government Ministry of Justice.
A Registrar-General who will be the Chief Executive Officer from the commission in addition to charge of its daily management.
TYPES OF CAC
CAC 1: Availableness check and reservation of name.
CAC 1A: Modify of name availability and reservation of name. CAC 2: Declaration
CAC 2A: Return of allotment post incorporation
CAC 2 . one particular: Particulars of person who is definitely the company's secretary of a firm or any adjustments therein. CAC 2 . four: Notice of change of authorized talk about capital.
CAC 2 . six: Application for the Re-registration and transformation of business. CAC 3: Notice of situation/ transform of listed address.
CAC 4: Announcement of complying with the requirements of CAMA. CAC several: Particulars of persons who also are 1st directors with the company. CAC 7A: Recognize of modify of owners, or in the name, home address or postal of director. CAC 8: Information of alter.
CAC on the lookout for: Declaration confirming memorandum of satisfaction of charge. CAC 10: Total annual return for a small company.
CAC 10A: Gross annual return...