By Ossom Raphael
Abuja – Corporate Affairs Commission, CAC, on Monday said that 46,000 companies were delisted in 2016 out of the 1.5 million companies on its database.
The Registrar General of the Commission, Mr. Bello Mahmud, disclosed in Abuja when he briefed journalists on ongoing reforms to ease registration process for its customers, and stated that many of the company delisted were not functional.
Mahmud also disclosed that with the implementation of the Company Registration Portal (CRP), the Commission will no longer accept physical submission of new application for registration in six of its State offices.
The states are; Enugu, Kaduna, Kano, Lagos, Port Harcourt and Abuja.
Mahmud explained that the move to go fully online is to guarantee uninterrupted availability of services and ensure efficient service delivery to customers.
According to the him, the online registration is cheaper, faster and convenient as transactions can be conducted from the comfort of homes and offices.
“Customers processing new registration in these locations shall directly complete the application forms and other relevant information and pay Stamp Duty on the Company Registration Portal. Customers can upload all necessary documents through the Commission’s upload interface,” he said.
The Registrar General, explained further that it also put safeguard measures in place to check the activities of fraudsters.
“There is no way a fraudster can register a company. Our system is such that you must be the first director or shareholder before you can submit the form. Even at that, you need to show us your identification; either your national I’D card or your international passport which must agree with the names submitted.”
Explaining further, Director Compliance and Special Assistant to the RG, Garba Abubakar, noted that the Agency envisaged it that was why it put the safeguard measures in place.
“For you to register directly you must have created an account on the company’s registration portal. Any application you are submitting the portal automatically processes the information about you and make you the first director and you cannot alter that. And if you are registering a business name you are automatically a partner and you cannot change that. So the question of non-professional hijacking the process will not arise,” he said.