The Corporate Affairs Commission, CAC has recorded yet another milestone by becoming the 1st Companies Registry in the World to issue a Certificate of Incorporation with a QR Code.
The Registrar General/CEO Alhaji Garba Abubakar stated this today during a Media briefing on the upgraded Companies Registry Portal CRP.
The RG who spoke extensively on the workings of the upgraded CRP enjoined the Commission’s accredited Customers to strive to revalidate their account on the Portal before the end of March,2021 as that was necessitated by the fact that some customers were now deceased, changed details or their location without updating the database amongst others.
he stressed that any account not revalidated by the deadline will cease to have effect by 1st of April,2020 until the Customer comes forward to revalidate. He however said the right of public users to register companies on their own remains sacrosanct as there’s an interface for accounts by public users.
The Registrar General further revealed that the interface for the Registration of new legal entity types introduced by the CAMA,20 namely: Limited Liability Partnership LLP and Limited Partnership will be unveiled by 1st of April,2021.
On the Implementation of Nigeria’s commitment under the Open Government Partnership OGP and the Extractive Industry Transparency Initiative EITI on the disclosure of Beneficial Owners of Companies, the CAC Scribe revealed that the New Portal provides for the disclose of Persons with Significant Control and the legal framework was modelled after the United Kingdom’s concept of PSC.
He said that was in line with President Muhammadu Buhari’s commitment during the 2016 Anti-Corruption Summit in London that Nigera was going to deploy a publically available register of beneficial ownership adding that the information was available free of charge.
While giving update on the Federal Government Free 250,000 Business Name registration, the RG said 30,000 certificates had been generated and therefore urged applicants to exercise more patience as the Commission was being diligent to ensure that the data provided by the selected Aggregators were genuine.