Business

How to Register Your Business or Company with CAC in Nigeria

How to Register a Company on CAC

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How do you Register Business or your company in Nigeria? You can register your business or company in Nigeria  with Corporate Affairs Commission (CAC)  on CAC online Portal. Find how in this tutorial

Step by Step on how to Register a Company (Private or Public)

  1. Check for availability of proposed company name
  2. Reserve a new Name
  3. Complete pre-registration form – CAC1.1
  4. Pay filing fee to CAC
  5. Pay Stamp duty fee to FIRS
  • Steps 3-5 can be completed online
  1. Prepare the signed scan copy of your pre-registration documents for upload as follows:
  • Form CAC1.1
  • Memorandum and Article of Association (MEMART)
  • Proficiency certificate (where applicable)
  • Recognized form of identification for Director(s)/Subscriber(s) and Secretary
  • Stamp duty certificate
  • Evidence of payment to CAC
  1. Upload the scanned documents for processing.
  2.  Submit the original copies of the documents uploaded at step 6 (Form CAC1.1, MEMART, etc) to the CAC office you had selected in exchange for your certificate and the Certified True copies of the documents.

What is CAC? 

The Corporate Affairs Commission (CAC) of Nigeria was established in 1990 vide Companies and Allied Matters Decree no 1 (CAMD) 1990 as amended, now on Act cap C20 Laws of federation of Nigeria. It is an autonomous body charged with the responsibility to regulate the formation and management of companies in Nigeria. It carry out its functions through accredited members of Association of National Accountants of Nigeria, Institute of Chartered Accountants of Nigeria, Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) and the Nigerian Bar Association (NBA). It is headed by a Registrar-General. Prior to the enactment of CAMA, these activities were carried on under the Companies Act 1968. (CA 1948)

Function of the Commission

The functions of the Commission as set out in section 7 of the Companies and Allied Matters Act, includes the following:

  • To administer the Act, including the regulation and supervision of the formation, incorporation, management and winding up of companies
  • To establish and maintain companies registry and offices in all the states of the Federation suitably and adequately equipped to discharge its functions under the Act or any law in respect of which it is charged with responsibility
  • Arrange and conduct an investigation into the affairs of any company where the interests of the shareholders and the public so demand
  • To undertake such other activities as are necessary or expedient for giving full effect to the provisions of the Act.
  • The Commission also registers Business Names, and Incorporated Trustees as well as provides a wide range of ancillary services

 

Structure of the Commission

The Governing Board of the Commission consists of the following:

  • The Chairman who is appointed by the President of the Federal Republic of Nigeria;
  • A representative of the Legal Profession;
  • A representative of the Accounting Profession
  • A representative of the Nigeria Chamber of Commerce, Industries Mines and Agriculture.
  • A representative of Securities and Exchange Commission
  • A representative of the Manufacturers Association of Nigeria
  • A representative of the Federal Ministry of Commerce
  • A representative of the Federal Ministry of Industries
  • A representative of the Federal Ministry of Justice and
  • The Registrar-General who is the Chief Executive officer of the Commission and in charge of its day-to-day management.

 

 

References

  • http://new.cac.gov.ng/home/registration-steps/
  • http://www.nigeria-law.org/CompaniesAndAlliedMattersAct.htm
  • Re-Codification
  • http://nlii.org/files/NLIIWPS002.pdf
  • https://en.wikipedia.org/wiki/Corporate_Affairs_Commission,_Nigeria

 

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