Company Registration Portal www.cac.gov.ng Latest Portal Update

Filed in Articles by TMLT Editorials on July 3, 2022

– Company Registration Portal –

The Corporate Affairs Commission (CAC) was established by the Companies and Allied Matters Act, which was promulgated in the year 1990 to regulate the formation and management of companies in Nigeria.

The CAC is saddled with the responsibility of registering companies in Nigeria. It is a must for company formation in Nigeria if you want to run a legal business here. Read through for the latest portal updates.

Setting up a business in a foreign land can be a daunting process. You are basically moving into a terrain which you know very little about and there are all the business challenges which you would normally face and a lot of potential legal hoops. which you would need to jump through in order to be properly set up as a new business.

With Nigeria, the process is fairly straightforward, and entrepreneurs or investors can set up their businesses or their brands in Nigeria pretty easily.
The CAC is saddled with the responsibility of registering companies in Nigeria. It is a must for company formation in Nigeria if you want to run a legal business here.

Coming towards the crux of the matter, the Corporate Affairs Commission (CAC) was established by the Companies and Allied Matters Act, which was promulgated in the year 1990 to regulate the formation and management of companies in Nigeria.

Functions of the Corporate Commission

The functions of the Commission as set out in section 7 of the Companies and Allied Matters Act, includes:
1. To administer the Act, including the regulation and supervision of the formation, incorporation, management, and winding up of companies
2. 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 regarding which it is charged with the responsibility
3. Arrange and investigate the affairs of any company where the interests of the shareholders and the public so demand
4. To undertake such other activities as are necessary or expedient for giving full effect to the Act.
5. The Commission also registers Business Names, and Incorporated Trustees, as well as provides a wide range of ancillary services

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

1. Check for availability of proposed company name (click here) Read more about name reservation and Reserve a new Name (click here)
2. Complete pre-registration f– – CAC1.1 (Online using Company Registration Portal)
3. Pay filing and Stamp duty fees Che ck the fees for our Services here
Steps 1-3 can be completed on the COMPANY REGISTRATION PORTAL (CRP)

• Prepare the signed scan copy of your pre-registration documents for upload as follows:
Form CAC1.1
• Memorandum and Article of Association (MEMART)
• Recognized form of identification for Director(s)/Subscriber(s) and Secretary
• Evidence of payment to CAC
• Upload the scanned documents for processing. (click here)
• 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.

Step by Step on how to Register a Limited by Guarantee

• Check for Name Availability (click here)
• Reserve a Name (click here)
• Fill CAC1.1 Form (Online using Company Registration Portal)
• Pay appropriate Stamp duty fee to Federal Board of Inland Revenue Service
• Pay filing fee to the Corporate Affairs Commission
• Scan and save as PDF format the duly completed Form CAC1.1 together with Memorandum and Articles of Association (MEMART), a recognized form of identification for Director(s)/Subscriber(s) and Secretary. Upload the scanned documents for processing. (click here)
• The Commission must obtain approval of the Attorney General of the Federation before registration of the Company Limited by Guarantee.

Re-registration of Unlimited Company as Limited by Shares

1. A special resolution stating the proposed share capital and requisite alterations in the Articles
2. Application in the prescribed form signed by at least two directors and secretary
3. Memorandum as altered in pursuance of the resolution
4. Articles so altered
5. Company’s balance sheet as at the date of the resolution or the precedent six months, whichever is later
6. Statutory declaration in the prescribed form by two directors and the Company Secretary that the special resolution required by Section 50 of the CAMA has been passed, and that the company‘s net assets are not less than the aggregate of the paid-up share capital and undistributable reserves
7. Copy of prospectus or statement in lieu of prospectus delivered within the preceding 12 months to the Securities and Exchange Commission
8. Payment of filing fees

CAC Registration of Mortgages, Debentures, and Charges

1. Completion of statutory form with instrument creating or evidencing mortgage or charge attached
2. Payment of stamp duty to Federal Board of Inland Revenue
3. Payment of filing fees
4. If out of time, a court order extending the time should be attached

CTC of Certificates

1. An affidavit supporting the application deposed by a company director
2. Application to the Commission to be signed by the chairman or two directors
3. Payment of filing fees
4. Up to date Annual Returns

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CSN Team.

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