The Corporate Affairs Commission (CAC), has advised the general public to desist from opening/registering businesses that they had no immediate intention of translating into action.

The Director of Compliance, CAC, Justine Nidia, gave the advice in an interview on Sunday, where she said the commission does not encourage people to go ahead and register companies when they have not developed any business idea that would translate into action.

According to the director, such companies are termed shelf companies and are discouraged from being kept in the register of companies of CAC; thus, they are delisted.

He said the commission had published an initial list of about 100,000 companies to be delisted, after which about 5,000 companies responded to file their annual returns, with the remaining approximately 95,000 to be delisted.