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CAC Status Report: Everything You Need to Know

what is CAC status report in Nigeria? Do we know the importance of a CAC status report in business? How does one obtain a CAC status report in Nigeria?

These are questions many business owners ask, and some don’t even know the importance of a CAC status report..

At TCorporate Legal Adsivory, we have most clients who started the procedures themselves but ended up not completing the registration, all because they could not generate the CAC Report for their business after the payments are made.
Why start the journey when you can contact us to make all clearance for you with less time.

This article explains the importance of a CAC status report, what it means, how it can be obtained, provides a step-by-step guide for checking status reports, and outlines alternative methods for obtaining it.

What is CAC Status Report?

A CAC Status Report is an official document issued by the Corporate Affairs Commission (CAC) in Nigeria. It provides a snapshot of a company, business, or incorporated trustee’s current legal status.

The report confirms the entity’s active or inactive status as of a specific date and includes key details such as registration information, ownership structure, and compliance status.

Key Information in a CAC Status Report

  • Registration Details: Includes the entity’s name, registration number (RC, BN, or IT), and date of registration or incorporation.
  • Status: Indicates whether the entity is currently active or inactive.
  • Registered Address: Shows the official registered address of the entity.
  • Ownership Structure: Details about shareholders, directors, and individuals with significant control (PSC), including their contact information and activity status.
  • Compliance Status: Reports on whether the entity has fulfilled obligations, such as filing annual returns.
  • Changes: Highlights changes made to the entity, such as changes in directorship or registered address.

Importance of a CAC Status Report

Securing a CAC Status Report is an essential step when registering a business. Here’s why:

  • Verification: Acts as proof of the entity’s existence and legal standing.
  • Due Diligence: Required by banks and financial institutions for account opening or loans.
  • Business Transactions: Needed for contract negotiations and partnerships.
  • Legal Compliance: Ensures the entity meets regulatory requirements.
  • Government Applications: May be required for permits or government approvals.
  • Proof of Existence: Confirms the business is legally registered and authorized to operate.
  • Compliance: Ensures data provided during account signup matches official records.
  • Establishes Credibility: Demonstrates professionalism and transparency during bank account opening.
  • Avoid Fraud: Verifies company authenticity before entering business dealings.

How to Obtain a CAC Status Report

  • Online Portal: Access the CAC portal and log in as a registered user or through an accredited agent.
  • Payment: Pay the associated fee online.
  • Download: Once payment is complete, download the status report.

Important Considerations

  • Ensure Accuracy of Details: Verify that shareholder and director information is up-to-date before requesting the report.
  • Check for Approval: After payment, confirm the approval email from CAC with the entity’s name and RC number.

Step-by-Step Guide to Checking CAC Status Report

  1. Visit the CAC Online Portal: Access https://www.cac.gov.ng to ensure you are on the official website.
  2. Log into Your Account: Existing users can log in; new users can create an account by clicking “Sign Up.”
  3. Navigate to Status Report Section: Locate “Status Report” or “Entity Information Retrieval” on the dashboard.
  4. Enter Entity Details: Provide the registered business name or RC/BN number.
  5. Search for the Entity: Click the search button to retrieve the report.
  6. Review the Status Report: Check registration details, compliance history, and current status (active, inactive, or under liquidation).
  7. Download or Print: Save or print the report for records or submission.

Alternative Methods for Checking CAC Status Report

  • Visiting a CAC Office: Provide entity details in person with valid ID and documents.
  • Engaging a CAC-Accredited Agent: Hire an agent to handle the process, saving time.
  • Using Third-Party Services: Some platforms offer CAC verification, but ensure credibility before use.

Conclusion

Obtaining a CAC Status Report is not just about compliance—it establishes your business as a legitimate and credible entity. With a verified report, your company is well-positioned for banking, legal, and business transactions.

Frequently Asked Questions

1. How much does it cost to check a CAC status report?

Basic status checks online are free, but detailed reports or Certified True Copies may attract fees.

2. Can I check the status of an unregistered business?

No. Only entities registered with the CAC can have a status report.

3. Why do you need Tcorporate for your status report?

Tcorporate provides legal guidance, simplifies the process, and ensures the search is accurate and stress-free.

Need legal assistance with your Recruiter’s Licence application?

Disclaimer:
This publication is for general guidance only and does not constitute professional advice. Consult a professional for specific legal guidance.

Written By:
Okolie Victory N, LL.B, B.L
Legal Associate, Tcorporate Legal Advisory

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