The Corporate Affairs Commission has said it is ready to incorporate a new technology that will revamp the process of company registration in Nigeria in line with global best practices.
According to the commission, applicants will be able to print their certificates with verifiable QR code from any location in the world.
When emplaced, the new technology will also allow the Commission to allocate certificates with the sacrosanct requirement that two Directors must sign every document and be substituted with the opportunity for companies to appoint a single Authentication Officer mandated to sign transactions on behalf of the company.
The Registrar General of the CAC, Alhaji Garba Abubakar made this known at a dinner held in his honor by the Alumni Law Class of 1988, Ahmadu Bello University.
The Registrar General revealed that the new technology will be deployed as soon as the gazetting is achieved, to allow interested Nigerians to register the earnestly anticipated one-man company, limited liability partnerships, limited partnership, and many other initiatives captured in the law.
Abubakar also stated that when the transition from the ‘semi-automated system’ to a fully automated one is completed, some form of validation of records for companies will be introduced free of charge in a bid to fill some gaps in the existing database.
While thanking the organizers for the show of honour, the Registrar-General reiterated his resolve to ensure selfless service to the country to justify the faith shown him by President Muhammadu Buhari.
The Chairman of the organizing committee, A.K. Ajibade SAN, lauded the good virtues of Garba Abubakar and thanked the Almighty God for reuniting them 32 years after to celebrate one of their own, irrespective of their tribe or religious affiliation.
