Oma Legal Business Consultancy

23/08/2022

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30/05/2022

ARE YOU A CONTRACTOR/ EMPLOYER OF LABOUR?

BIDDING FOR A CONTRACT ?

DO YOU HAVE YOUR NSITF COMPLIANCE CERTIFICATE?

The Employee Compensation Act of 2010 establishes the Employee Compensation Scheme, which provides adequate and timely compensation for employees who suffer diseases or injuries in the course of employment.

This is a vital document that t you can't do without if you are bidding for government contracts.
The Nigeria Social Insurance Trust Fund (NSITF) provides a defined scheme through social insurance method for employees in the private and public sector. It is targeted at protecting employees or their families from financial difficulties in the event of death or permanent incapacitation as a result of work-related disease or injury. The NSITF is applicable to all employees in the public and private sector throughout Nigeria.

The private sector makes contributions for their staff to the funds by virtue of a scheme known as employee compensation scheme. The employer rate of contribution is 1% of the total payroll, consisting of the total emoluments.

Contact us for all your Regulatory compliance certificates.

☎️ 08186812196

24/01/2022

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19/01/2022

19/01/2022

Kindly read through for clarity.

17/01/2022

HOW TO KNOW THAT YOUR COMPANY IS DUE FOR ANNUAL RETURNS.

13/01/2022

These are the highlights of the new Finance Act, 2021, Things you should know as a tax payer.

10/01/2022

Annual return is a mandatory statutory requirement for every registered business entity or organisation in Nigeria, regardless of the legal structure, either an Registered Business Names (Enterprise, Sole Trader etc), or Incorporated Trustee to file their annual returns with the Corporate Affairs Commission not later than 30th June every year except the calendar year in which the business name is registered does not end by December.

Limited liability (private or public) Company to file their annual returns with the Commission immediately after 42 days of the holding of the annual general meeting for the year

The law requires every company or registered corporate entity to file returns annually in the prescribed form provided not later than 18 months after incorporation with the Corporate Affairs Commission (CAC), which facilitate accurate keeping of an up to date records of the registered company with the commission and to show that the company is not dormant, but operative.

The law empowers the Commission to strike off the name of a company or business from the Register of Companies, whereby their is reasonable basis to believe that a company is not in operation, after following due process of inquiry as to the status of the company. In most cases the commission relies on one major criterion that the failure to file annual returns is an indication of the company being dormant.



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10/01/2022

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