The Corporate Affairs Commission [CAC] has said it will commence full implementation of an electronic system for company registration fron 10th August, 2020. Henceforth, companies’ registration certificates would be sent to customers through speed mail or by electronic service as chosen by the clients.
The Registrar-General and Chief Executive, CAC, Garba Abubakar, made this known at weekend while briefing journalists on some of the being made in the running of CAC, explained that the measure was to avoid physical contact with clients. He stated that the process of company registration will also be sped up.
He added that “Based on global standards, company registrations are done electronically without physical presence. The era when lawyers besiege the commission to conduct such transactions is over,”
“The new system is also part of measures to comply with the COVID-19 protocols on physical distancing. These are unusual times as the country has been shut for over two months. Since the outbreak of the pandemic, things have not returned to normal because our system is not fully electronic. We have to interface with customers as we are expected to carry out registration. With the restrictions, it is almost impossible to provide full services the way we did in the past.’He said the CAC had also eliminated the process of searching records manually, following the discovery that it was being compromised.”
On why some sociocultural groups were denied registration, He said ‘’We wrote to the security agencies and were told that the organization was yet to get security clearance. Also, we are telling similar organizations such as the South South, Middle Belt, Arewa and North East fora to make sure they get security clearance before we can register them.’’