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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