Corporate Affairs Commission: Procedures In Registering A Company In Nigeria And Various Fees Involved



The Corporate Affairs Commission (CAC) is the sole accredited government agency with the mandate of registering all companies in the country. The economy situation of the country as we speak is in a free fall which has lead the country into a recession. Many would agree with me that most of the problems we have today are caused by our so called Politician. In this post we will be analyzing thoroughly To Register You Own Company In Nigeria, which I think would be very useful tips for most of our youths due to the Economy Situation Of The Country, because of the high level of Unemployment in the country.

 

The Fees To Pay For Different Forms Of  CAC Registrations

S/N SUBJECT FEES in Naira (₦)
1 Reservation of Name N500.00
2 Registration of private company with share capital of N1million or less N10,000.00
3 Registration of private company/Increase in Share Capital above N1million and upto N500million N5,000.00 for every N1million share capital or part thereof
4 Registration of private company/Increase in share capital above N500million N7,500.00 for every N1million share capital or part thereof
5 Registration of Public company/Increase in share capital N20,000.00 for the first N1million share capital or part thereof
6 Registration of Public Company/Increase in share capitalabove N1million and upto N500million N10,000.00 for every N1million share capital or part thereof
7 Registration of Public Company/increase in share capital above N500million N15,000.00 for every N1million share capital or part thereof
8 Registration of Company not having a share capital N20,000.00
9 Filing of notice of exemption of foreign Companies from Registration N30,000.00
10 Re-instatement/Relisting of company name N25,000.00
11 Registration of charges for private company N10,000.00 for every N1million or part thereof
12 Registration of charges for public company N20,000.00 for every 1Million or part thereof
13 Filing of annual return for a small Company N2,000.00
14 Filing of annual return for Private company other than a small company N3,000.00
15 Filing of annual return for public company N5,000.00
16 Filing of annual return for company Limited by Guarantee N5,000.00
17 Filing of annual report by foreign companies N5,000.00
18 Filing of statement in form of schedule 14 under section 553 N10,000.00
19 Filing of notice of merger/acquisition N50,000.00
20 Filing of special resolution for merger N20,000.00
21 Filing of other documents relating to merger N10,000.00
22 Filing of statutory declaration of solvency N5,000.00
23 Registration of appointment of liquidator N10,000.00
24 Registration of resolution for winding up N10,000.00
25 Filing of return of final meeting and account of liquidation N5,000.00
26 Filing of notice of change of company name N10,000.00
27 Filing of notice of alteration of memorandum and articles of association N5,000.00
28 Filing of notice of changes in particulars of directors N2,000.00
29 Filing of return of allotment and or notice of change in shareholding N2,000.00
30 Filing of notice of change in registered address N2,000.00
31 Filing of notice of appointment of receiver N10,000.00
32 Filing of notice of discharge of receiver N5,000.00
33 Filing of notice of change of signature N2,000.00
34 Filing of notice of reduction in share capital by public company N20,000.00
35 Filing of notice of reduction in share capital by private company N10,000.00
36 Filing of deed of release by public company N10,000.00
37 Fiiling of deed of release by private company N5,000.00
38 Application for extension of time for holding of annual general meeting by public company N10,000.00
39 Application for extension of time for holding of annual general meeting by private company N5,000.00
40 Letter of Good Standing N10,000.00
41 Other filings (miscellaneous) N2,000.00
42 Certified true copy of certificate of registration N10,000.00
43 Certified true copies of memorandum and articles of association N3,000.00
44 Electronic Search N1,000.00per company
45 Manual Search by customers N2,000.00 per company file
46 Manual Search Report prepared by officers of the Commission N5,000.00
47 Certified true copies of other documents N2,000.00 per document
48 Consent for Restricted Names N5,000.00

 

Fees For Registering A Business Name

S/N SUBJECT FEES in Naira (₦)
50 Reservation of Name 500
51 Registration of business name 10,000.00
52 Filing of notice of change of business name 5,000.00
53 Filing of notice of change in business address 1,000.00
54 Filing of notice of change in proprietorship 1,000.00
55 Filing of annual return 1,000.00
56 Filing of notice of cessation of business 1,000.00
57 Filing of other documents (miscellaneous) 1,000.00
58 Search on business name file 1,000.00 per business name file
59 Certified true copy of business name certificate of registration 5,000.00
60 Certified true copies of other documents 2,000.00 per document

 

 

Fees For Incorporated Trustee

S/N SUBJECT FEES in Naira (₦)
61 Reservation of Name 500
62 Incorporation of trustees 30,000.00
63 Filing of notice of change of name 10,000.00
64 Filing of notice of change in trustees 10,000.00
65 Filing of notice of amendment of constitution 6,000.00
66 Filing of annual return 5,000.00
67 Filing of notice of court order for dissolution of incorporated trustees 5,000.00
68 Filing of other documents (miscellaneous) 1,000.00
69 Search on incorporated trustees file 2,000.00
70 Certified true copy of certificate of incorporation 10,000.00
71 Certifed true copy of constitution 5,000.00
72 Certified true copy of incorporation form 2,000.00
73 Certified true copies of other documents 2,000.00 per document

 

Different Penalties For Offenses

S/N SUBJECT FEES in Naira (₦)
1 Late filing of increase in share capital of public company 10,000
2 Late filing of increase in share capital of private company 5,000.00
3 Late filing of annual return for small company 3,000.00 per year
4 Late filing of annual return for a private company other than a small company 5,000.00 per year
5 Late filing of annual return for public company 10,000 per year
6 Late filing of annual return for Company Limited by Guarantee 5,000.00 per year
7 Late filing of statement in form of schedule 14 under section 553 100.00 per day for each director, company secretary and company
8 Late filing of notice of appointment of liquidator 5,000.00
9 Late filing of resolution for winding up 500.00 for each director and the company secretary
10 Late filing of notice of change of company name 5,000.00
11 Late filing of notice in alteration of memorandum and articles of association 5,000.00
12 Late filing of notice/deed of release 5,000
13 Late filing of notice of changes in particulars of directors 5,000.00
14 Late filing of return of allotment by public company 10,000.00
15 Late filing of return of allotment by private company 5,000.00
16 Late filing of notice of change in shareholding 5,000.00
17 Late filing of notice of change in registered address 50.00 per day for every director, company secretary and company
18 Late filing of charges by public company 10,000.00
19 Late filing of charges by private company 5,000.00
20 Late filing of other documents (miscellaneous) 5,000.00

 

Getting A Business Name

S/N SUBJECT FEES in Naira (₦)
21 Late filing of change of business name 50.00 per proprietor
22 Late filing of notice of change in business address 50.00 per proprietor
23 Late filing of notice of change in proprietorship 50.00 per proprietor
24 Late filing of annual return 2,500.00
25 Late filing of notice of cessation of business 1,000

 



Business Incorporated Trustees

S/N SUBJECT FEES in Naira (₦)
26 Late filing of annual return 5,000.00

 

Fees For Company Forms

S/N SUBJECT FEES in Naira (₦)
1 Set of incorporation forms 500.00
2 Others 100.00 per form

 

Business Name

S/N SUBJECT FEES in Naira (₦)
1 Registration form 250.00
2 Others 100.00 per form

 

 

Incorporated Trustees

S/N SUBJECT FEES in Naira (₦)
1 Set of incorporation forms 1,000.00
2 Others 100.00 per form
Accreditation 5,000.00

 

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