Compliance · 4 min read
CAC Annual Returns - File Yearly or Get Struck Off
Yes, even if you didn't trade. Skip annual returns and CAC will eventually strike off your company, freeze your bank account and block contracts.
Every entity registered at CAC - Business Name, LTD, NGO, PLC - must file annual returns. Most founders forget. Penalties accumulate per year of default and reactivation gets expensive.
When to file
- Business Name: once a year, due by 30 June of the following year
- LTD: at least once every 18 months after the first AGM (typically annually)
- Incorporated Trustees (NGO): annually, with financial statements
What happens if you skip
- Penalty fees per year of default (scale annually)
- Status flagged 'INACTIVE' on the CAC public portal - banks notice
- Eventual striking off (your company legally ceases to exist)
- Reactivation requires a fresh application + back-payment + sometimes court orders
Cost range
Filing is cheap if you're current. Costs balloon with each missed year. AMG offers a yearly reminder + filing service so you never lose status.
Let AMG keep your status active
Done-For-You or Do-It-Yourself - AMG handles or guides every step. Call/WhatsApp 07038857441, 08103483669, 08158014880 or email growwithaccolade@gmail.com / theaccoladesmedia@gmail.com. Join the WhatsApp Channel: https://whatsapp.com/channel/0029VbBpOtL4IBhKWQtHSs3Z. Fees and timelines update through 2026 - confirm the latest with an AMG agent before paying.