Skip to main content

Requirements for registration of a private company limited by share with the Nigerian CAC

 To register a private company limited by shares with the Corporate Affairs Commission (CAC) in Nigeria, you will need the following documents and information:


1. Company Name

  • Two proposed names for the company (to check availability and reserve one).

2. Objectives of the Company

  • A clear statement of the business objectives and activities the company will engage in.

3. Share Capital

  • Authorized share capital (minimum is ₦100,000 for private companies, ₦1,000,000 for public companies).
  • Division of shares among shareholders.

4. Shareholders

  • Names, addresses, and email addresses of the shareholders.
  • Number and value of shares to be held by each shareholder.

5. Directors

  • Minimum of two directors is required.
  • Information required for each director:
    • Full name.
    • Residential address.
    • Email address and phone number.
    • Means of identification (National ID, International Passport, Driver’s License, or Voter’s Card).

6. Company Secretary (Optional for Small Companies)

  • Details of the company secretary (if appointed).

7. Registered Office Address

  • A physical address in Nigeria that will serve as the company’s registered office.

8. Memorandum and Articles of Association

  • Memorandum of Association (MOA) outlining the company’s objectives and shareholding structure.
  • Articles of Association (AOA) detailing the internal governance rules.

9. Identification Documents

For all directors, shareholders, and company secretary (if applicable):

  • Scanned copy of valid identification (National ID, International Passport, Driver’s License, or Voter’s Card).

10. Passport Photograph

  • Digital passport photographs of all directors and shareholders.

11. Declaration of Compliance

  • Form CAC 1.1 signed by a legal practitioner confirming compliance with the requirements of the Companies and Allied Matters Act (CAMA).

12. Statutory Forms

  • Completed and signed CAC forms, including:
    • Form CAC 1.1 (Application for registration).

13. Payment of Filing Fees

  • Payment receipt for CAC filing fees and stamp duties.

As of 2024, the costs associated with registering a private company limited by shares with a share capital of ₦1,000,000 in Nigeria are as follows:

1. CAC Registration Fee:

  • For a private company with a share capital of ₦1,000,000 or less, the Corporate Affairs Commission (CAC) charges a registration fee of ₦10,000.

2. Stamp Duty:

  • The Federal Inland Revenue Service (FIRS) imposes a stamp duty of ₦8,500 for the first ₦1,000,000 of share capital.

3. Name Reservation Fee:

  • Reserving a company name with the CAC costs ₦500, plus Remita charges of ₦161.25.

4. Miscellaneous Costs:

  • Additional expenses may include the cost of obtaining and filing necessary forms, which can vary.

In summary, the total government fees for registering a private company with a share capital of ₦1,000,000 are approximately ₦19,161.25, excluding any professional fees or additional services that may be required during the registration process.

Please note that fees are subject to change. It is advisable to consult the official CAC website or contact the CAC directly for the most current information.


14. Tax Identification Number (TIN)

  • TIN will be automatically generated during registration, in collaboration with the Federal Inland Revenue Service (FIRS).

If you need further clarification or assistance with the process, let me know!

Comments

Popular posts from this blog

What is Biri marung?

Biri marung" is a term in Chewa/Nyanja, a language spoken in Zambia, Malawi, and parts of Mozambique. It directly translates to "hyena in the sky" or "flying hyena.  It is often used in folklore and traditional beliefs in African cultures to refer to supernatural beings or mysterious occurrences, particularly those associated with witchcraft or spirits. In music, "Biri Marung" is a popular Amapiano track released in November 2024 by South African artists Mr Pilato, Ego Slimflow, and Tebogo G Mashego, featuring Sje Konka, Focalistic, DJ Maphorisa, Scotts Maphuma, and CowBoii.  The song has gained significant attention, with its official audio available on YouTube.  Additionally, it has been featured on various music platforms, including Apple Music.  The track has also inspired dance challenges and covers on social media platforms like TikTok, contributing to its viral status.  "Biri Marung" has been recognized for its impact in the music industry...

The world needs the Gifts and Skills that only you have

 TAP THE UNTAPPED. RELEASE THE RESERVOIR. Learn more at the Ransford Online School. Your life has the potential to fulfill your purpose. If, however, you imprison that potential, you rob your life of its purpose and fulfillment.  You and every other individual on this planet possess an awesome treasure. Too much of this treasure is buried every day, untapped and untouched, in the cemeteries of our world.  Much talent, skill and creativity have been lost to the world for want of a little courage. Many obscure men and women enter eternity pregnant with potential, with a still-born purpose. Living with ability brings responsibility. Dying with ability reveals irresponsibility. Everything in creation was designed to function on the simple principle of receiving and releasing. Life depends on this principle.  What if the plants refused to release the oxygen they possess or if we human beings refused to release the carbon dioxide we produce?  The result would be chaos...

Factors that drive wants

We live in society that all of us never want the same thing. However, what are factors that influence our wants? In this post, let's unpack few of them speaking as we are walking: 1. Dreams : Everyday we dream of getting something done or reaching a certain goal. Those dreams lead us searching or seeking some objects (wants) to achieve or realize them.  A dream of getting marry by December 2025 could have led someone to engage a bank or insurance that offers " About to wed " products. 2. Urgency : urgency creates tension and want. If Kettle is boiling, you won't fold your hands. Urgency creates desperate want. A man in coma creates want for Oxygen. The  Taliban takeover  created want for moving Afghans. 3. Status Roles : Every status possess some roles and expectations. A new student resuming in a campus must want books, tablets or mini Laptop, change in wears and others. A pregnant woman or a soon-to-be-mum wants baby care products. Local farmers in Africa want hoes ...