The Corporate Affairs Commission (CAC) has extended the deadline for the commencement of penalties against companies that failed to file annual returns, from Jan. 1 2024 to April 1, 2024.

A statement issued in Abuja on Thursday by the commission’s Director of Press, Mr Dominic Inyang, said management decided to extend the penalty date following glitches experienced on the Company Registration Portal (CRP).

He stated that the date was also extended due to appeals from the Micro, Small and Medium Enterprise (MSME) sector.

It would be recalled that the full application of the penalties was prescribed by the Companies and Allied Matters Act (CAMA) 2020 and the Companies Regulations 2021 against companies and their directors or officers for who failed to file annual returns.

Inyang enjoined all registered entities under the CAMA to take advantage of the window provided by