The Corporate Affairs Commission (CAC), says it will maintain its new policy to deliver business registration certificates via electronic services to its customers with effect from the 10th of August.
Not long ago, The Corporate Affairs Commission (CAC) integrated its operations with the Federal Inland Revenue Service (FIRS), regarding issuance of the Tax Identification Number (TIN) along with the Certificate of Incorporation.
This means that the office of the Corporate Affairs Commission is now open to making its operations easy for business owners.
Alhaji Abubakar Garba, the Registrar-General of the Commission, made the new development known during a news conference in Abuja, on Sunday. He made it clear that the policy would create sanity in the process. Also, this new development is in sync with the ideals of the Nigeria Centre for Disease Control’s (NCDC); guidelines for COVID-19 pandemic.
The physical contact between workers and customers of the commission will be reduced drastically and this will help to reduce the spread of the COVID-19 pandemic
What This New Development Implies
The Registrar-General said that business registration certificates (Business Name, Company Incorporations, NGO) would be sent to customers through courier services or electronically. He emphasised that this is to avoid physical contact with clients except on a few occasions where an appointment becomes needed.
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Furthermore, Mr. Garba added that the mailing system has proven to be the most effective system. More so, it would speed up the entire process, by allowing the commission to process and issue about 400 companies’ certificates in a week. However, the commission said that the customers will foot the delivery bills. So, we assume that the courier service companies through which the certificates will be delivered will be announced soon.
“We are a responsible institution, we also have to abide by government directives, we cannot continue with this crowd in the premises,” Garba said during the news conference.
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Recall, that there were also reports that some lawyers and customers had protested at CAC offices in Abuja and Lagos on July 23, over poor services and inaccessibility of the portal. This was because business registration which used to take less than 5 working days before was taking months to process.
Analysing this new development, in our opinion, many things were not thought through. The new development does not only increase the cost of registering a business for the business owner because of additional delivery cost, but there’s also the possibility of lost documents in the process. CAC should find a lasting and pragmatic solution to end its numerous inefficiencies.
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For us at Entrepreneurs.ng, a lasting solution will be having designated agencies with the authority to print business registration certificates. These agencies will work in collaboration with CAC to make the business registration process seamless for entrepreneurs.
What are your thoughts on this development by the CAC agency? What do you think is the way forward.
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