The Corporate Affairs Commission (CAC) has issued a stern public notice warning that carrying on business in Nigeria under an unregistered name or acronym is now a criminal offence under the Companies and Allied Matters Act (CAMA) 2020.
The notice is to remind you the legal implications of operating with unregistered business names or acronyms and outlines compliance requirements for all companies, limited liability partnerships, and business name proprietors. All stakeholders are advised to ensure full compliance within six weeks from the date of the notice to avoid sanctions, including prosecution.
This directive is not just administrative—it carries serious implications for the protection of your legacy and the continuity of your enterprise.