CAC extends deadline for PoS registration by 60 days


The Company Affairs Fee (CAC) has prolonged the deadline for registration of all Level of Sale Operators by further sixty days to accommodate others who weren’t capable of register as a result of technical glitches.

Each day Belief reviews that the fee had earlier given a deadline of seventh July 2024.

Nevertheless, in a submit signed by Administration on its X deal with on Sunday, it said that the deadline had been prolonged by two months.

“The Company Affairs Fee needs to inform Fintech Operators often known as Level of Gross sales (POS) Operators that the preliminary deadline of seventh July, 2024 given for the registration of sole Brokers, Tremendous Brokers and Brokers has been prolonged for a interval of sixty days starting from seventh July, 2024 to the fifth September 2024.

“That is to provide enough time to Operators significantly these in distant areas who may need encountered community challenges to so register and proceed with their companies,”

It, nonetheless, affirmed that “Operators who fail or refuse to register on the finish of the prolonged deadline run the danger of shedding such companies and prosecution for aiding and abetting legal actions,”

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