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Notice of Cessation (Business Name)

₦20,000.00

Filing a Notice of Cessation of Business Name ensures compliance with regulations and formally closes your business's records with the Corporate Affairs Commission (CAC).

  • CAC Fees Included: All necessary application fees are covered.
  • Cancellation Confirmation: Business Name certificate canceled upon approval.
  • Updated Status Report: Reflects the Business Name's status as "Cancelled."
  • Processing Time: 3 to 5 business days turnaround.

 

Key Features of Business Name Cessation

  • Mandatory Filing: Businesses that cease operations must notify the CAC for legal closure.

  • Official Status Update: The Business Name is marked as "Cancelled" in the CAC register upon approval.

  • Name Availability: Once canceled, the Business Name becomes available for re-registration.

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Requirements for Filing a Notice of Business Name Cessation

  • Business Name Information: Include the Registration Number, full Business Name, and Date of Cessation.

  • Reason for Cessation: Reason for Cessation: Provide a valid reason, such as: Voluntary closure, Court order, CAC directive, Death of the proprietor or all partners.

  • Supporting Documentation: Supporting documentation includes a death certificate (if applicable, for a deceased proprietor or partner), a consent letter signed by all partners (if applicable), and a means of identification for the personal representative (if applicable).

  • Updated Annual Returns Filing: Before filing for any Post-registration changes, ensure that all annual returns for the business name are up to date.

  • Authorization: The application must be signed by a proprietor, partner, or authorized signatory.

Benefits of Filing a Notice of Cessation for Business Name

  • Legal Compliance: Ensures your business is in line with the Corporate Affairs Commission's requirements.

  • Accurate Records: Ensures the CAC Register accurately reflects active and inactive businesses.

  • Avoids Penalties: Prevents accumulation of fines for non-compliance, such as failure to file annual returns.

Discover CAC Post-Registration Service

File Notice of Cessation of Business Name in Nigeria

Here's how SplashDict's CAC-accredited Chartered Secretaries can assist you:

  • Cessation Filing: We handle the filing of your notice of cessation or removal of your business name from the CAC register.

  • Documentation Preparation: All necessary documents are prepared and reviewed for accuracy.

  • Transparent Pricing: Filing fees are included with no hidden charges.

  • Quick Turnaround: Receive official acknowledgment of cessation within 3 to 7 business days.

  • Continuous Support: We assist with future compliance and statutory needs.

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