The Corporate and Allied Matters Act (CAMA) 2020 and subsequent CAC operational directives have elevated statutory reporting standards for registered entities across Nigeria. Chief among these requirements is the mandatory disclosure of Persons with Significant Control (PSC).
Failure to accurately maintain a Persons with Significant Control register or file annual returns within statutory deadlines carries severe financial penalties and risks corporate status suspension on the CAC portal.
This briefing outlines proactive compliance steps for board directors, corporate secretaries, and institutional shareholders navigating corporate filings and board evaluations.
