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