CAC Constitutes Administrative Proceedings Committee

The Registrar General of the Corporate Affairs Commission ('CAC'), Alhaji Garba Abubakar, announced at a stakeholder's forum on 13 October 2021 that the Administrative Proceedings Committee ('APC') has been fully constituted to fulfill its statutory mandate. The APC was introduced by Section 851 of the Companies and Allied Matters Act, 2020 ('CAMA') as an administrative tribunal for resolution of disputes or grievances arising from the operation of CAMA.

Earlier in the year, the CAC had issued the Companies Regulations 2021 ("the Regulations") which provides for the set-up and operation of the APC. Read our Newsletter Issue No. 3.2 of March 2021 for our review of the Regulations.