How to change the name of your company in Nigeria

How to change the name of your company in Nigeria

December 23, 2021

The Name of a company can be changed if so desired by the members of the company.

The following are steps to change the name of a company;

  1. A resolution must be passed by the members of the company that the name of the company be changed and the new name of the company be approved.
  2. An application for the reservation of the new name would be made and if approved you can proceed to the next phase. The reservation of name is done on the pre-incorporation portal.
  3. After reservation of name, the Memorandum and Articles of Association (MEMART) would be rewritten according to how it was at incorporation but the company name on the new MEMART would be changed to reflect the new name.
  4. Copies of the MEMART along with the resolution would be taken to the Federal Inland Revenue Service (FIRS) office for assessment and stamping. The payment for the alteration is usually done on the FIRS website.
  5. The next step is to apply for the change of name on the post-incorporation portal of the company using the availability code gotten from the reservation of the new names.
  6. Complete the Forms and upload all necessary documents.
  7. On approval, a new certificate and status report would be given.
  8. The MEMART would be sent to the Corporate Affairs Commission (CAC) for stamping.

Note; for all CAC post-incorporation applications to be approved, the company must have filed up to date Annual Returns.

Team 618 Bees

 

618 Bees can help you quickly and easily help change the name of your company in Nigeria. Log on to our website www.618bees.com or email hello@618bees.com, or give us a call on +2349017190079. 618 Bees will complete your application with the Corporate Affairs Commission (CAC).

 

 

 

The information in this blog post (“post”) is provided for general informational purposes only, no information contained in this post should be construed as legal advice, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through this post without seeking the appropriate legal or professional advice from the particular facts and circumstances at issue from a lawyer. This post is protected by intellectual property law and regulations. It may however be shared using appropriate sharing tools provided that our authorship is always acknowledged and this Disclaimer Notice attached.

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Frequently Asked

  • Why must I file Annual Returns?

    It is a mandatory statutory requirement under the Companies and Allied Matters Act to file Annual Returns yearly. 
  • Do I need a Company Secretary?

    A limited liability company (LLC) must not have a company secretary.
  • What is a testimonium clause in an agreement?

    This is the part of the agreement where the witness attests to have witnessed the execution of the agreement.
  • What will happen if I buy the wrong category of forms with NAFDAC?

    Nothing, the purchased form will be in your account for future use.

     
  • Is it legal to transfer the personal data you obtained legally to another person?

    No, its not legal. This is because the law prohibits anyone from transferring the data of a third party to another person without consent from the third party to do same even if the data was rightfully obtained in the first instance.
  • What is the difference between licensing and assigning a patent?

    Licensing a patent means granting permission to another individual or organisation to make, use as well as sell the creation that has been protected by patent.

    A patent assignment on the other hand, is a finished exchange of patent rights starting with one individual then onto another person.
  • What are the product categories available when registering with NAFDAC?

    The product categories include: Food, Cosmetics, Drug, Medical Device, Agro-Chemicals & Pesticide, Veterinary Products, Vaccines & Biologicals, Herbal and Nutraceuticals and Water
  • Can a minor be a company director?

    No, a minor cannot be a director. A minor under Nigerian Law is anyone who is below 18 years of age.
  • Why do I need a trademark?

    You need to register your trademark because if you don’t register it, someone else can! It helps identify you as the source and indicates a consistent level of quality of your products and services. Securing a registered trademark protects your brand, and provides you with tools to prevent someone else from using similar signs and riding off the back of your business.
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