Can CAC delete a company name from its database?
Delisting doesn’t mean deletion. CAC doesn’t delete companies from its database rather it imposes sanctions like tagging such violators as “inactive” Specifically, on February 24, 2021, issued a disclaimer that it doesn’t delete a registered company: “Commission does not “delete” registered entities. Companies and Incorporated Trustees may only be dissolved (with or without liquidation) and Business Names removed from the Register in accordance with the procedures prescribed in the Companies and Allied Matters Act 2020 (CAMA). And none of these procedures includes “deletion”.