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Forming & Incorporating A Liability Company In Nigeria. - Business - Nairaland

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Forming & Incorporating A Liability Company In Nigeria. by ogagavworia(m): 7:20pm On Dec 21, 2015

Engage a Chartered Accountants or Lawyer or Company Secretary to check for the
availability of the proposed company name with the Corporate Affairs Commission. We
recommend you suggest at least 2 names that are acceptable.
If the name is approved, Corporate Affairs Commission will reserve it for 60days and if not approve a notice of denial will be issued by the Commission.

The Memorandum and Articles of Association(MEMART) of the proposed Company will be drawn up by the consultant with input from the client, stating the objects of the company, that the company is a private limited liability company and its authorized share capital in not more than one page. Similarly, the names of the subscribers to the MEMART, their full names, description, addresses and number of shares taken up.

Furthermore, the Complete Set of forms will be completed and endorsed by the shareholders and first director appointed by the company. They are
a Form CAC 3, Notice of registered address;
c. Form CAC 7, Particulars of directors;
d. Form CAC 4, Declaration of compliance and the prescribed registration fees;
f. Form CAC 2, Statement of share capital and return of allotment of shares(2)
The Stamp Duty will be paid at the Federal Inland Revenue Service-Stamp Duties units normally located at the offices of Corporate Affairs Commission. The Duty payable is dependent of the authorized share capital of the company.
The Stamped copies of The MEMART (2) are filled with Corporate Affairs Commission after the payment of filing fees(dependent on the authorized share capital), accompanied with the approved availability form, set of incorporation forms together stated earlier.
The Corporate Affairs Commission issues a Certificate of Incorporation, CTC of Form CAC 2, CAC 7 and CTC of Memorandum of Association.
We can handle all aspect for our clients at the payment of customer-friendly fees.

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