.png)
.png)
7 hours ago
3
- The Corporate Affairs Commission is launching respective updates to amended work transportation and easiness of doing business
- In the latest move, the committee has integrated Artificial Intelligence (AI) features successful its registration portal
- The CEO of CAC promises that this summation volition alteration everything astir concern registration and different CAC services
Ruth Okwumbu-Imafidon, a writer with Legit.ng, has implicit a decennary of acquisition successful concern reporting crossed integer and mainstream media.
As portion of steps to amended easiness for Nigerian businesses, the Corporate Affairs Commission (CAC) has launched an Artificial Intelligence (AI)-powered registration portal.
This marks a implicit overhaul of the Company Registration Portal (CRP) and changes the mode businesses volition registry names henceforth.
The Registrar-General/CEO of the Commission, Hussaini Ishaq Magaji, announced this innovation astatine the 2025 stakeholders’ forum.
Source: Facebook
According to Magaji, the caller feature volition heighten the processes, making sanction preservation arsenic casual arsenic opening an email account.
He promised that with the AI feature, users would get instant approvals for disposable names, and the strategy would suggest alternatives erstwhile the chosen names are not available.
Register your concern successful 30 minutes
With the caller features, clip spent connected concern registration would clang completely.
“Other features introduced allows concern registration with lone NIN for a manager oregon proprietor. The people clip for concern registration volition beryllium 30 minutes connected procreation of certificate and delivering to customers email conscionable similar real-time NIN verification.”He noted that determination whitethorn beryllium occasional delays owed to outer factors similar the National Identity Management Commission (NIMC), wherever the NIN verification would beryllium done, but maintained that determination are contingency solutions successful spot to surmount those challenges.
CAC to motorboat two-factor authentication, OTP, Mobile App
The CAC Registrar-General besides announced that the committee would soon motorboat the two-factor Authentication & OTP verification for each transactions.
He noted that this would support concern records and guarantee that nary alterations are made without the cognition and consent of registered directors.
Magaji announced that the CAC would besides motorboat its mobile app by Q3 2025 to assistance concern owners transportation retired seamless transactions and way their applications with ease.
Source: Facebook
CAC sets up committee to enforce penalties
Recall that the CAC acceptable up the Administrative Proceedings Committee (APC) to enforce provisions of the Companies and Allied Matters Act (CAMA).
This means that determination is present an authoritative assemblage charged with enforcing compliance with the provisions of the Act and dishing retired penalties wherever necessary.
Such penalties could see delisting the concern or meting retired fines for non-compliance.
Source: Facebook
The committee volition besides play the relation of adjudicator successful disputes and complaints concerning registered businesses successful Nigeria.
CAC hikes work fees
In related news, the Corporate Affairs Commission (CAC) has accrued respective work fees to support prime work amid technological upgrades.
Legit.ng reported that immoderate fees were doubled, immoderate were accrued by 50%, and immoderate stayed the same.
The new work fees volition instrumentality effect from August 1, 2025.
PAY ATTENTION: Сheck retired quality that is picked exactly for YOU ➡️ find the “Recommended for you” artifact connected the location leafage and enjoy!
Source: Legit.ng
