Essential CAC Post-Incorporation Services: What Every Nigerian Business Should Know

The Corporate Affairs Commission (CAC) in Nigeria offers a range of post-incorporation services that companies can access after they have been officially registered. These services are essential for keeping a company?s information up-to-date and ensuring compliance with regulatory requirements. Here's an overview of the key post-incorporation services provided by the CAC:

1. Filing of Annual Returns

Every registered company is required to file annual returns with the CAC. This is a summary of the company?s activities over the past year and is necessary to keep the company in good standing.

2. Change of Directors or Secretaries

Companies can update their records with the CAC when there is a change in directors or secretaries. This includes appointments, resignations, or removal of a director or secretary.

3. Change of Registered Office Address

If a company changes its registered office address, it must notify the CAC and update its records accordingly.

4. Increase in Share Capital

Companies can apply to increase their authorized share capital. This process involves submitting the necessary documents and paying the required fees.

5. Change of Company Name

If a company wishes to change its name, it must apply to the CAC for approval. Once approved, the name change will be reflected in the company's records.

6. Filing of Special Resolutions

Special resolutions passed by the company?s shareholders must be filed with the CAC. This could include resolutions on mergers, acquisitions, or changes to the company's articles of association.

7. Alteration of Memorandum and Articles of Association

Companies can apply to alter their memorandum and articles of association. This may involve changes to the company?s objectives, powers, or regulations.

8. Conversion of Company

A company can apply to convert from one type to another (e.g., from a private limited company to a public limited company) by filing the necessary documents with the CAC.

9. Filing of Charges

If a company creates a charge over its assets, it must file details of the charge with the CAC. This includes charges like mortgages or debentures.

10. Winding Up or Liquidation

Companies that wish to wind up their operations can apply for voluntary or compulsory liquidation through the CAC.

11. Change of Company?s Objects

If a company wants to change its business objectives as stated in the memorandum of association, it must apply to the CAC.

12. Allotment of Shares

After incorporation, if the company allots new shares, it must notify the CAC and update its records.

13. Reduction of Share Capital

Companies can apply to reduce their share capital, which involves legal and regulatory procedures that must be filed with the CAC.

14. Re-registration of Company. e.t.c