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CAC, FIRS move for electronic stamping of companies’ documents

CAC, FIRS move for electronic stamping of companies’ documents

Abuja – The Corporate Affairs Commission (CAC) is collaborating with the Federal Inland Revenue Service (FIRS) to ensure the integration of e-stamping module into the Commission’s company registration portal (CRP).

The aimed, according to a statement by CAC Director of Public Affairs, Mr. Churchill Williams, is to create a seamless registration process and further reduce time and cost of registration of companies and other post incorporation processes in the country.

Disclosing this at the Nigerian Bar Association (NBA) conference in Abuja, the Registrar-General Bello Mahmud, said that the effort was part of the major reforms in the Commission’s operations, making it possible for customers to pay for stamp duties and stamp their company registration documents electronically on the CAC Company Registration Portal (CRP).

Mr. Bello Mahmud said that customers can stamp their documents on the CRP after completing their forms without manually taking them to the stamp duties office of the Federal Inland Revenue service.

He explained that when fully operational, the Company Registration Portal would serve as a one-stop company’s registration software capable of handling the stamping of incorporation documents, some post incorporation filings and other matters without users stepping out of their homes or offices.
Mahmud said: “The CRP has also eliminated the restrictions of time of the day and day of the week to transact business with the Commission he said, adding that customers can submit their registration applications at anytime including weekends and public holidays

The Registrar-General said that the CAC was putting in place measures to create log-in details for each company registered by it.
The log-in details he said would ensure that only authorised persons have access to the company’s profile to enable the operators make changes in the portal. Such changes Bello Mahmud said would include change of directors, appointment of secretaries, and increase in share capital

The objective he said is to prevent corporate hijack and to ensure that only the rightful people make changes to the company’s records.

The Registrar-General who had a cursory look at the Commission said that from its creation in 1990 to 2004 the Commission’s activities were manually done, while the post 2004 era witnessed automation of its services through the CAC online but with some limitation in user ability.

He said that the third phase which involved the deployment of a new software, the companies registration portal (CRP) has eliminated all the limitations. and has commenced full online services for name reservation, registration of companies, Business Names and Incorporated Trustees “As we are seated here, you can log on to the portal , complete name reservation request form and make payment without you having to step out of this room he said “

 

Source: http://www.vanguardngr.com/2015/08/cac-firs-move-for-electronic-stamping-of-companies-documents/

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