CAC to delist 49,000 companies over failure to file returns

FOR failing to file their tax returns after the statutory period, the Corporate Affairs Commission (CAC) has stated that it would delist 49,000 registered companies from its register.
Indeed, the Commission stated that a large number of registered companies in its database have not fulfilled their statutory regulations in terms of filing of returns while many have refused to state the non-existence of their businesses. Continue Reading