CAC Annual Returns: A Complete Guide for Nigerian Companies
Everything you need to know about filing your CAC annual returns on time, including deadlines, requirements, and penalties for non-compliance.
Filing your Corporate Affairs Commission (CAC) annual returns is a crucial compliance requirement for all Nigerian companies. Missing deadlines can result in significant penalties and legal complications that could cripple your business.
What are CAC Annual Returns?
CAC annual returns are mandatory documents that companies must file with the Corporate Affairs Commission to maintain their legal status and good standing. Think of it as your company's annual health check-up with the government.
📋 Quick Checklist
- ✅ Annual General Meeting held?
- ✅ Financial statements audited?
- ✅ Directors' report prepared?
- ✅ Filing fee ready (₦10,000 - ₦20,000)?
Filing Requirements & Timeline
| Company Type | Filing Deadline | Filing Fee |
|---|---|---|
| Private Limited | 42 days after AGM | ₦10,000 |
| Public Limited | 42 days after AGM | ₦20,000 |
Required Documents Include:
📄 CAC Form 2.1
Annual return form with company details
📊 Financial Statements
Audited accounts for the financial year
📋 Directors' Report
Report on company activities and performance
💰 Statement of Affairs
Current financial position summary
Penalties for Late Filing
💸 Penalty Structure
"We used to scramble every year to meet CAC deadlines. Now Zaccheus reminds us 60 days in advance and helps prepare all documents automatically. It's been a game-changer for our compliance." — Funmi Adeleke, Corporate Secretary, Adeleke Holdings
How AI Can Help
With AI-powered systems like Zaccheus, companies can receive automated reminders and assistance with preparing and filing their annual returns, ensuring they never miss critical deadlines.
🤖 Zaccheus Alert Example
"Your CAC annual return is due in 30 days. I've prepared your Form 2.1 and compiled all required documents. Your audited accounts show a 23% revenue increase - great news for stakeholders!"
