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

  • When are Annual Returns due for filing?

    A company’s first Annual Returns are due for filing after 18 months of its inception, subsequently it should be filed annually as the name implies. The filing dates could differ for each company depending on their financial year end but must be filed not later than 42 days after its Annual General Meeting.

    The Annual Returns for Business Names is due not later than the 30th of June each year except in the year the business was registered.
  • What is the first thing I must do to register a business in Nigeria?

    To register a business in Nigeria; you would need to conduct a name search of the business. You can achieve this using your CAC-CRP account.
  • 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 are the penalties for not registering my products with the SON?
      1. Seizure of goods by the Inspectorate and Compliance Directorate
      2. Payment of a fine.
      3. Prosecution

     
  • 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.
  • Who benefits from copyright protection?

    The creator of a copyright work, usually referred to as the “author” of the work owns the copyright in the work in the first instance. However, the author is at liberty to transfer his rights to a third party. In such a case, the person who has obtained the right by transfer or other legal means becomes the owner of the copyright.
  • Can I process/register multiple products at NAFDAC at the same time?

    Yes, you can process/register multiple products at the same time
  • 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.
  • What do I need for a trademark search in Nigeria?

    To do a trademark search you will need the name or/and logo (device) of the trademark to be searched and the Class of the trademark that accurately describes it.
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