How do you Change Shareholders of a Company with CAC ?
Changing shareholders of a company in Nigeria is an important decision and must be done officially through the Corporate Affairs Commission (CAC).
Whether you want to add, remove, or replace a shareholder, the process must follow CAC guidelines. Shareholders are individuals or organizations that own shares in your company.
This guide will help you understand how to change shareholders with CAC step by step
How to Change Shareholders of Company with CAC
To change shareholders, you’ll need to prepare documents like a board resolution, share transfer forms, and updated Form CAC 2A.
Once completed, scan and upload them to the portal. You will also make the necessary payments online. The portal is user-friendly, but it’s always best to double-check entries to avoid errors. Use your CAC account or create one to begin the process.
CAC Change of Shareholders Fee
The cost of changing shareholders with the CAC depends on your company type and the changes being made. Typically, the fee ranges from ₦30,000 to ₦40,000 depending on business type.
If the change involves share transfers or increases in share capital, stamp duties and additional charges may apply. You may also pay service charges if you use a CAC-accredited agent or lawyer.
CAC Registration Portal
The CAC Registration Portal is where you can process changes related to your company’s shareholders. Through the portal, you can log in, fill required forms, upload documents, and track your application status.
Frequently Asked Questions
How do I change shareholders on CAC
To change shareholders with CAC, start by holding a board meeting and passing a resolution for the change. Prepare a share transfer form, and have it signed by the outgoing and incoming shareholders.
You’ll also need to update the company’s records and fill Form CAC 2A. Then, log in to the CAC portal and upload these documents, along with proof of payment for the required fee.
How do I remove a shareholder of a company in Nigeria
Removing a shareholder in Nigeria must follow legal procedures. First, check your company’s Articles of Association to confirm the conditions for removing a shareholder.
Usually, it involves a share transfer or the buyback of shares by other shareholders or the company. A board resolution must be passed, and a proper share transfer agreement prepared.
The outgoing shareholder must sign the documents. You will then file the changes with the CAC using the appropriate forms. Once submitted and approved, the shareholder will be officially removed from the company records.
How do I edit details on CAC
To edit company details on the CAC portal, you must first determine what you want to change: shareholder information, director details, or business address.
For shareholders, you will need to provide a resolution, fill the required forms, and upload valid supporting documents. Visit the CAC portal and sign in using your company credentials.
Go to “Change of Company Particulars” and select the type of update. Pay the necessary fee and submit your application.
Conclusion
Changing shareholders of a company in Nigeria must be done properly through the CAC to ensure legal compliance. Whether you are adding a new investor or removing an old one, follow the right process, use the CAC portal, and submit accurate documents.
This helps protect your business, ensures transparency, and keeps your records up to date.