STATEMENT OF SHARE CAPITAL THE NOMINAL AMOUNT OF SHARES COMPRISED IN THE ALLOTMENT IS: Amount in words Divided into of Le each B. I love to post some of the minimum share capital CAC requires for some companies/businesses who wishes to register in Nigeria, so fellow Nairalanders if anyone wishes to go into such businesses, he should be ready to pay extra for FIRS stamp duties and extra … N10,000.00 for every N1million share capital or … This article concerns increase or decrease in share capital of private limited liability company in Nigeria, increase in share capital @ CAC, stamp duty on share capital in Nigeria and minimum share capital for private limited company in Nigeria. According to the Registrar-General of the CAC, the new CAMA 2020 is expected to commence in October 2020. Registration of Public company/Increase in share capital has a service charge of: ₦20,000.00 for the first N1million share capital or part thereof; Registration of Public Company/Increase in share capital above N1million and up to N500 million. Corporate Affairs Commission (CAC) Address: Plot 420, Tigris Crescent Off Aguiyi Ironsi Street, Maitama, Abuja. The additional capital is divided as follows: Number of Shares Class of Shares Nominal Amount of Each Share* This notice has been filed with 7 days of passing resolution. Phone: +234 1 4618594 Registration of share capital increases, mortgages, etc; Processing the statutory filings of Annual Returns, increase, changes in the memo and articles, addresses, etc; Arrange or conduct investigations into the affairs of any company where the interests of the shareholders and the public so demand. Section 27(2) of the Act places a minimum issued share capital of not less than N100 thousand for private companies and N2 million in the case of a … Management and winding-up of companies. A. shares that have not been taken up or shares that are yet to be issued. Share capital is a requirement for registering a Limited Liability Company with CAC. Post Incorporation Changes in Shareholders Shareholding @ CAC Nigeria/How to Make Change in Your Company Stake holders Shareholding Ratio – Post Incorporation Changes in Shareholders Shareholding @ CAC Nigeria would involve some forms which include CAC form 7a, form CAC 2a and CAC form 10, minimum share capital for private limited company in Nigeria and CAC … The meaning of Share Capital is the amount of money a company wants to start business with. Where this occurs, the company is expected to file a change in the authorized share capital of the company with the CAC. CAC Offices in Nigeria. Determine the share capital of the company. CAC Website: www.cacnigeria.org. A minimum share capital of fifty thousand Naira(50,000) is recommended for private companies and five hundred thousand Naira (500,000) for public companies. This form is filled by one director; The Notice of Situation/Change of Registered Address form (Form CAC 3) – signed by the secretary and director; This is not applicable to Business Names (enterprises), non-profit organizations or unlimited companies. Atleast 25 percent of the nominal share capital must be issued at all times. Please check the guidelines of other regulatory bodies for the capital The company shares alteration can be effected by: Cancellation: Cancellation of shares is the process of cancelling unissued shares i.e. The minimum share capital for a private company is N10,000 and N500,000 for a public company. The pre-registration form – the CAC 1.1, you can fill and submit it online or download and submit to CAC.5; The Statement of Share Capital and Return of Allotment form (Form CAC 2). Share valued at _____ Copy of special resolution attached 2.
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