The Corporate Affairs Commission (CAC) has announced plans to delist 100,000 companies from its register over prolonged inactivity and non-compliance with statutory requirements under the Companies and Allied Matters Act (CAMA).

According to a public notice issued by the Commission, the affected companies have been identified as either not carrying on business, inactive for at least 10 years, or failing to meet regulatory obligations, particularly the annual filing of returns and disclosure of Persons with Significant Control (PSC).

The CAC has given a 90-day window from the date of publication for these companies to regularise their status.

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