Fourteenth Schedule

NGN 5,000.0

1 day

Corporate Returns

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Description

Information about the compliance service

The Corporate Affairs Commission (CAC) requires all banking companies, insurance companies, and deposit, provident, or benefit societies to file bi-annual statements during their years of operation, with initial submission before business commencement. These statements must be submitted on the first Monday of February and first Tuesday of August of each year in the format specified in the Fourteenth Schedule.

Requirements

Info and documents needed for this service

Forms of statement to be published by banking and insurance companies and deposit, provident or benefit societies.
  1. Company shares details.
  2. Details of Debts Owed to Sundry Persons by the Company.
  3. Current company assets.
  4. Details of government securities.
  5. Other securities.




Process

Steps involved in this compliance service

  1. Authentication by company's director.
  2. Fill CAC information.
  3. Pay fees.

FAQs

Frequently asked questions about this service

  1. Is there a penalty for late filing of the Fourteenth schedule:
  • In the case of a Small Company: ₦250.00 for every day during which the default continues against the Company, each of its Directors and the Company Secretary.
  • In the case of a Private Company other than Small Company: ₦500.00 for every day during which the default continues against the Company, each of its Directors and the Company Secretary.
  • In the case of a Public Company: ₦1,000.00 for every day during which the default continues against the Company, each of its Directors and the Company Secretary.
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