Benefits of Business Registration in Line With The New CBN and CAC Directives
There are directives from the Central Bank of Nigeria (CBN) and the Corporate Affairs Commission requiring operators of the Point of Sale (PoS) business to register with the CAC before July 4, 2024. There is also a directive from the CAC mandating all Skit makers with large followers on the social media platforms to register their businesses with it. These directives are not meant to witch hunt those engaged in the PoS operation and Skit making businesses. If for anything, the CAC is merely enforcing what is already provided in Sections 814(1), 815(2) and 863 of the Companies and Allied Matters Act (CAMA), 2020.
https://gresyndale.com/benefit....s-of-business-regist
