What are the activities of Corporate Affairs Commission?
To establish and maintain companies’ registry and offices in all the states of the Federation suitably and adequately equipped to discharge its functions under the Act or any law in respect of which it is charged with the responsibility.
What is the role of corporate affairs department?
Corporate Affairs in a company are responsible for all internal company and external relation with a central government and local government. In Corporate Affairs, there are 3 sub division such as Government Relations, Corporate Communication and also Branding.
What is the meaning of CAC in Nigeria?
Corporate Affairs Commission
The Corporate Affairs Commission (CAC) of Nigeria was established in 1990 vide Companies and Allied Matters Act no 1 (CAMA) 1990 as amended, now on Act cap C20 Laws of Federation of Nigeria.
What are the benefits of corporate affairs commission?
Benefits of registering a business with the Corporate Affairs…
- Opening Business Bank Accounts.
- Safeguarding Your Business / Corporate Name.
- Legal Liability Protection.
- Getting Loans.
- Reputation with Customers.
- Supplier Arrangements / Government Contracts.
- Perpetual Succession / Continuity.
When did Nigeria established CAC?
Corporate Affairs Commission is a body of the Nigerian Government responsible for the regulation and management of companies in Nigeria. It was introduced in 1990 with the passing of the Companies and Allied Matters Act. It is headed by a chairman and closely assisted by the Registrar General/ CEO.
Who is the head of corporate affairs commission?
Hon. Ademola Seriki, as a grassroots politician began his career as a clerical officer at Lagos City Council, Lagos Island in 1978. He had a brief stint in the Banking and Finance sector both in Nigeria at IBWA and the United States of America at Citicorp.
Who is the head of Ministry of Corporate Affairs?
Smt. Nirmala Sitharaman
Smt. Nirmala Sitharaman was born on 18th August 1959 in the temple town of Madurai, Tamil Nadu.
Who is the chairman of CAC?
Profile of the Board Chairman Hon. Ademola Seriki was born in Lagos Island. He had his earlier education in Nigeria and later proceed for undergraduate and postgraduate studies in the United States of America (USA) where he bagged his B.Sc.
What is the difference between Smedan and CAC?
In Nigeria, CAC’s sole responsibility is to administer the Act, including the regulation and supervision of the formation, incorporation, management, and winding up of companies. While SMEDAN gives businesses access to business insurance.
Who is the owner of CAC?
Joseph Ayo Babalola
Joseph Ayo Babalola (25 April 1904 – 26 July 1959) was the first General Evangelist of the Christ Apostolic Church, popularly called CAC in Nigeria. He was credited with healing powers….Joseph Ayo Babalola.
| Joseph Babalola | |
|---|---|
| Children | Apeke Adeniyi |
| Parent(s) | Pa David Lawani Rotimi and Madam Martha Talabi Rotimi |
Who is the registrar of CAC?
Biography. Alhaji Garba Abubakar was appointed the Registrar General/CEO of the Corporate Affairs Commission (CAC) on 7th January, 2020.
What is MCA in a company?
Ministry Of Corporate Affairs – MCA Services.
Who established Corporate Affairs Commission?
The Corporate Affairs Commission was established by the Companies and Allied Matters Act, which was promulgated in 1990 to regulate the formation and management of companies in Nigeria.
What is Smedan certificate used for?
The SMEDAN CERTIFICATE is a legal document that can be used with your CAC registered business/company when applying for any loan or grant nationwide.
What is the benefit of Smedan?
Having said this, SMEDAN primarily sticks to entrepreneurship training and business development, with the disbursement of loans — being handled by other institutions e.g. BOA, BOI, CBN etc. As well as loans from the public sector, SMEDAN can also assist small businesses in accessing credit from the private sector.
Who is the founder of CAC church in Nigeria?
Joseph Ayo Babalola (25 April 1904 – 26 July 1959) was the first General Evangelist of the Christ Apostolic Church, popularly called CAC in Nigeria….Joseph Ayo Babalola.
| Joseph Babalola | |
|---|---|
| Born | April 25, 1904 Odo-Owa, Oke-Ero, Nigeria |
| Died | July 26, 1959 (aged 55) Ede, Osun State, Nigeria |
Who is the current chairman of CAC?
Who is the CEO of CAC?
Registrar-General/CEO ALHAJI GARBA ABUBAKAR
| 01 Director | DR.SHEHU GADO (mni) |
|---|---|
| 02 Deputy Director | ANGA JULIUS DEINMA |
| 03 Deputy Director | AKINWANDE TAOREED ADESINA fsi |
| 04 Deputy Director | UMAHI CHRISTOPHER |
Who performs the primary responsibilities of MCA?
Primary Responsibilities Supervising the three professional bodies, namely the Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI), and the Institute of Cost Accountants of India (ICAI), established under the different Acts of Parliament.
Which of the following is regulated by Ministry of Corporate Affairs?
It is responsible mainly for the regulation of Indian enterprises in the industrial and services sector. The ministry is mostly run by civil servants of the ICLS cadre….Ministry of Corporate Affairs.
| Agency overview | |
|---|---|
| Agency executives | Nirmala Sitharaman, Minister of Corporate Affairs Rao Inderjit Singh, Minister of State for Corporate Affairs |
What is Corporate Affairs Commission (CAC) of Nigeria?
The Corporate Affairs Commission (CAC) of Nigeria was established in 1990 vide Companies and Allied Matters Act no 1 (CAMA) 1990 as amended, now on Act cap C20 Laws of federation of Nigeria. It is an autonomous body charged with the responsibility to regulate the formation and management of companies in Nigeria.
What is the role of the Corporate Affairs Commission?
The Corporate Affairs Commission was established by the Companies and Allied Matters Act, which was promulgated in 1990 to regulate the formation and management of companies in Nigeria.
What is the minimum share capital required for a company in Nigeria?
A minimum share capital of ten thousand Naira is prescribed for private companies and five hundred thousand Naira for public companies with a minimum subscription of 25% of the shares. ^ “How To Register Your Business Name In Nigeria”.