Amendment of Constitution of Incorporated Trustees

Amendment of Constitution (Incorporated Trustees)

₦20,000.00

Amending your Incorporated Trustee's constitution ensures alignment with current laws, operational needs, and regulatory requirements while maintaining CAC compliance.

CAC and Filing Fee Included
Receive Status Report reflecting the updated constitution.
3 to 7 business days Processing Time.

Key Features of Constitution Amendment of Trusteeship

Legal Basis for Amendment: CAC allows organizations to amend their governing documents to reflect changes in operations, structure, or regulatory requirements.
Approval of Amendments: Requires formal approval from trustees and members during a general meeting. The resolution must be signed by the Chairman and Secretary.
Newspaper Publication Requirement: Two (2) newspaper notices are required - One in a national daily, and the other in a local newspaper. The notices must be published for 28 days to ensure public awareness.
Governance Updates: Amendments may include changes to trustee roles, tenure, quorum requirements, or the governing body structure.
Operational Rules Adjustment: Updates can include procedures for fund management, account-keeping, or asset handling.
Objectives Modification: Amendments can reflect evolving goals or respond to societal needs.
Membership and Meeting Protocols: Adjustments can clarify member responsibilities or redefine meeting procedures.
Retention of Legal Status: The amendment does not affect the organization’s legal identity, rights, obligations, or ongoing operations.

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Requirements for Constitution Amendment of Incorporated Trustees

Minutes of Meeting: Extract of the minutes of the meeting where the resolution was passed, signed by the Chairman and Secretary.
Newspaper Publications: Provide proof of two separate newspaper publications, including the publication date, newspaper name, and page where the amendment details were featured, with one in a national daily and the other in a local newspaper.
Details of Amendments: Specify changes to key provisions such as Minimum and maximum number of trustees, Trustee tenure, Custodian of the common seal, and Governing body structure.
Public Notices: Display public notices at the organization’s registered office and branch offices, if any.
Objectives and Aims: Provide details of any adjustments to the objectives or aims of the association.
Updated Annual Returns Filing: Before filing for any Post-registration changes, ensure that all annual returns for the Incorporated Trustees are up to date.
Authorization: The application must be signed by the trustees, secretary, or an authorized representative of the Association.

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Benefits of Incorporated Trustees Registration

Benefits of Amending the Constitution of Incorporated Trustees

Legal Compliance: Ensures that the organization remains in compliance with the Companies and Allied Matters Act (CAMA) and other relevant regulations.
Updated Governance: Allows for adjustments to governance structures, such as trustee roles, tenure, and voting procedures, ensuring that the organization remains efficient and effective in its operations.
Alignment with Objectives: Provides an opportunity to update the organization's objectives and aims to reflect changes in its mission, vision, or operational environment.
Public Trust: Strengthens public confidence in the organization by ensuring transparency, clarity, and accountability in its governance and operations.
Legal Protection: Protects the organization’s legal standing by ensuring that the constitution accurately reflects the current state of affairs, minimizing legal risks.

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Amend the Constitution of Your Incorporated Trustees in Nigeria

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

Amendment Filing: We manage the entire amendment process with CAC on your behalf.
Documentation: All documents are carefully prepared and verified for accuracy.
Transparent Pricing: No hidden charges—all CAC and filing fees are included.
Quick Turnaround: Receive copies of the new Constitution and Status Report within 3 to 7 business days.
Ongoing Support: We provide continuous support for compliance and future statutory needs.