CAC means corporate Affairs commission
Corporate Affairs Commission(CAC)is an agency of the Federal government saddled with the responsibility to regulate the formation, registration, and management of companies, business names and incorporated trustees in Nigeria.
Now, with CAC ONLINE PORTAL;
http://www.cac.gov.ng/ registration is simply by following these steps discussed below.
- Steps on how to register a company (private or public)
- steps on how to register Limited Guarantee
- conversion and Re-registration of conversion and Re-registration of Private Company as Public
- Re-registration of company Limited by Shares as unlimited Company
- Re-registration of Unlimited Company as Limited by Shares
- Registration of Mortgages, Debentures, and Charges
- Increase in Share Capital of a company
- Change of Name
- Company Searches
- Obtaining Certified True Copies (CTC) of filed Documents
- CTC OF Certificates
STEPS ON HOW TO REGISTER A COMPANY ( PRIVATE OR PUBLIC)
- Check for availability of the proposed company name.
- save the Reserve a new Name
- Complete the pre-registration form – CAC1.1
- Pay the approved filing and Stamp duty fees
- Steps 1-3 can be completed on COMPANY REGISTRATION PORTAL
Prepare the signed scan copy of your pre-registration documents for upload as follows:
- Form CAC1.1
- Memorandum and Article of Association (MEMART)
- Recognized form of identification for Director(s)/Subscriber(s) and Secretary the company
- Evidence of payment to CAC
- Upload the scanned documents for processing.
- Submit the original copies of the documents uploaded at step 6 (Form CAC1.1, MEMART, etc) to the CAC office you had selected in exchange for your certificate and the Certified True copies of the documents.
- click to register http://www.cac.gov.ng/
STEPS ON HOW TO REGISTER LIMITED GUARANTEE
- Check for Name Availability
- Reserve a Name
- Fill CAC1.1 Form (Online using Company Registration Portal)
- Pay appropriate Stamp duty fee to Federal Board of Inland Revenue Service
- Pay filing fee to the Corporate Affairs Commission
- Scan and save as PDF format the dully completed Form CAC1.1 together with Memorandum and Articles of Association (MEMART), recognized form of identification for Director(s)/Subscriber(s) and Secretary of the company.
- Upload the scanned documents for processing.
- The Commission is obliged to obtain approval of the Attorney General of the Federation before registration of the Company Limited by Guarantee
conversion and Re-registration of Private Company as Public
- The application should be accompanied by the following:
- Special resolution signed by at least two directors to convert and register the company
- Memorandum and Articles of Association as required under CAMA for public companies
- Written statement by the Directors in respect of share capital
- The balance sheet as at the date of the resolution or the preceding six months, whichever is later
- The statement must show that the paid-up capital of the company as at the date of the application is not less than 25 percent of the authorized share capital
- Copy of any prospectus or statement in lieu of prospectus delivered within 12 months to Commission
- Payment of filing fees
- Annual Returns to be filed up to date
Re-registration of company Limited by Shares as unlimited Company
An application in the prescribed form signed by two directors and the Secretary and accompanied by:
- A prescribed form of assent to the company being registered as unlimited
- A statutory declaration made by directors of the company
- Stamped Memorandum and Articles of Association incorporating the alterations set out in the application
- Payment of filing fees.
Re-registration of Unlimited Company as Limited by Shares
- Special resolution stating the proposed share capital and requisite alterations in the Articles
- Application in the prescribed form signed by at least two directors and secretary
- Memorandum as altered in pursuance of the resolution
- Articles so altered
- Company’s balance sheet as at the date of the resolution or the precedent six months, whichever is later
- Statutory declaration in the prescribed form by two directors and the Company Secretary that the special resolution required by Section 50 of the CAMA has been passed, and that the company ‘s net assets are not less than the aggregate of the paid-up share capital and undistributable reserves.
- Copy of prospectus or statement in lieu of prospectus delivered within the preceding 12 months to the Securities and Exchange Commission.
- Payment of filing fees.
Registration of Mortgages, Debentures, and Charges
- Completion of statutory form with instrument creating or evidencing mortgage or charge attached
- Payment of stamp duty to Federal Board of Inland Revenue
- Payment of filing fees
- If out of time, a court order extending the time should be attached
Increase in Share Capital of a company
- Notice of increase in share capital in the prescribed form
- Statement of increase in the prescribed form
- Payment of Stamp Duty to Federal Board of Inland Revenue
- Notice of increase to be signed by the company’s two directors or the secretary
- Payment of filing fees
- Evidence of compliance with S.636 where applicable
Change of Name
- Availability and Reservation of new Name
- Application giving reasons for the change of name signed by two directors
- Special Resolution stating the change desired duly signed by two directors of the company
- Surrender of the original Certificate of Incorporation for cancellation
- Payment of filing fees
- Up to date Annual Returns
- Stamped memo and articles bearing the new name
- S.636 in case of Banks, Financial Institutions etc
Company Searches
- Completion of the prescribed form
- Payment of search fees
- Annual Returns to be filed up to date
Obtaining Certified True Copies (CTC) of filed Documents
- Completion of application form
- Payment of filing fees
- Photocopies of documents
- Up to date Annual Returns
CTC Of Certificates
- An affidavit supporting the application deposed by a company director
- Application to the Commission to be signed by the chairman or two directors
- Payment of filing fees
- Up to date Annual Returns
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