Awaiting product image

Filing Notice of Alteration of MEMART

NGN20,000.00

File Notice of Alteration of MEMART (Memorandum and Articles of Association) with SplashDict

Ensure your company records stay up-to-date with our seamless CAC filing service for alterations to your Memorandum and Articles of Association. We handle the process efficiently and accurately.

  • Filing Notice of Alteration of Memorandum and Articles of Association (MEMART) with the CAC.
  • CAC and FIRS Fees Included.
  • Receive the CAC acknowledgment letter for the MEMART Alteration Filing.
  • Processing Time: 2 to 7 business days turnaround.

 

Key Features of MEMART Alteration

  • Foundation of MEMART: The Memorandum and Articles of Association (MEMART) outline a company’s structure, governance, objectives, and operations. The Memorandum of Association (MoA) governs external matters, while the Articles of Association manage internal operations.

  • Statutory Obligation for Changes: Under Section 44 of the Companies and Allied Matters Act (CAMA) 2020, companies must notify the Corporate Affairs Commission (CAC) when making changes to activities beyond the scope defined in their MEMART.

  • Reasons for MEMART Alteration: Organizations may alter their MEMART for various reasons, including: Expanding into new sectors or starting new businesses, Mergers or acquisitions, and Restrictions imposed by authorities on certain business activities.

  • Procedure for MEMART Amendment: The amendment process requires a special resolution passed by the board, followed by drafting a new MEMART to reflect the changes.

  • Stamp Duty: Each updated copy of the MEMART requires statutory stamp duty payment. The Federal Inland Revenue Service (FIRS) assesses and stamps the documents to validate the changes.

  • Acknowledgment and Certification from CAC: Upon successful filing, the company receives an acknowledgment letter from the CAC. Companies can also request a Certified True Copy (CTC) of the updated MEMART for legal and official purposes.

Requirements for Alteration of MEMART Filing

  • Special Resolution: The company’s board must pass a special resolution to approve the changes.

  • New MEMART: A new Memorandum and Articles of Association reflecting the altered clauses, stamped by the appropriate authority.

  • Court Order (if applicable): Required in cases where specific alterations are subject to judicial approval.

  • Filing Timeline: Notice of alteration in the provisions of the Memorandum of Association must be filed with the CAC within 15 days from the date of the resolution.

  • Annual Returns: All annual returns must be fully paid up to date.

  • Authorization: The application must be signed by the directors, secretary, or an authorized representative of the Company.

Get Started

Benefits of Filing Notice of MEMART Alteration

  • Legal Compliance: Ensures your company adheres to the Companies and Allied Matters Act (CAMA) 2020, avoiding legal penalties for operating outside the scope of the original MEMART.

  • Updated Corporate Records: Keeps your company’s public records up-to-date, enhancing transparency and reliability for stakeholders, regulators, and business partners.

  • Expanding Business Opportunities: Enables your company to legally expand its scope of operations or enter new sectors by reflecting these changes in the updated MEMART.

  • Facilitates Official Transactions: Required for corporate processes such as opening bank accounts, applying for loans, entering government contracts, or engaging in partnerships.

Discover CAC Post-Registration Service

File Notice of Alteration of MEMART in Nigeria

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

  • Filing of MEMART Alteration: We file your Memorandum and Articles alteration with the CAC on your behalf.

  • Documentation: We handle all Filing documents. 

  • Transparent Pricing: Our service fee includes CAC and FIRS charges, with no hidden costs.

  • Quick Turnaround: Receive the official CAC acknowledgment for your alteration within 2 to 7 business days.

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

File Your Returns Today and Stay Compliant!

More From this Category