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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