Allotment of Shares

Allotment of Shares

₦25,000

Issue New Shares and Restructure Your Company’s Ownership with CAC

Share Allotment allows a company to issue new shares to existing or new shareholders, whether for raising capital, rewarding employees, or restructuring ownership. With SplashDict, our CAC-accredited team ensures that your share allotments are processed quickly and efficiently.

Service Fee (All inclusive):

₦25,000

File Share Allotment in Nigeria

Here’s how SplashDict’s CAC-accredited experts assist you:

  • Documentation & Filing: We manage all the required documents, resolutions, and statutory forms for CAC filing.

  • Official Document: Receive an updated CAC Status Report reflecting the changes in your company’s shareholding structure.

  • Transparent Pricing: Covers CAC fees and our service fee with no hidden charges.

  • Fast Processing: Request is completed within 2–10 working days, subject to CAC approval.

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Why File Allotment of Shares with CAC?

Share allotment is the formal process of issuing new shares to existing or new shareholders, which helps a company raise capital, reward employees, or restructure its ownership.

  • Selling the business or exiting the company – A shareholder may want to sell their shares and exit the company, either to cash out their investment or for other personal or business reasons.
    Bringing in new investors or partners – A company may transfer shares to new investors or business partners to raise capital or bring in strategic expertise and resources.
    Restructuring or reorganization – Companies may transfer shares as part of an internal restructuring, reorganization, or consolidation of ownership.
    Estate planning or gifting – Shareholders may transfer shares to family members, spouses, or others as part of estate planning or as a gift.
    Change in ownership or control – Share transfers can facilitate a change in the ownership or control of a company, such as when a majority shareholder sells their stake.
    Satisfying obligations or liabilities – Shares may be transferred to satisfy debts, liens, or other obligations or liabilities of the shareholder or company.
    Retirement or resignation – When a shareholder retires or resigns from the company, they may transfer their shares to other existing shareholders or new parties.

     

    Legal Validity and Compliance: Section 176 of the Companies and Allied Matters Act (CAMA) requires that transfers be fully valid only when the company’s records are updated with the CAC. Failure to file can render the transfer invalid in the eyes of third parties.

  • Preventing Disputes: Properly documented and filed share transfers prevent ownership confusion during audits, investor due diligence, or corporate restructuring.

  • Updating PSC Information: Filing ensures your Persons with Significant Control (PSC) records are current, accurately reflecting the true shareholding structure at all times.

  • Facilitating Corporate Actions: Filing enables official recognition of new shareholders, allowing them to exercise their shareholder rights.

  • Capital Growth Opportunities: Allotment enables companies to raise funds for expansion, bringing in new investors or rewarding existing ones through the issuance of new shares.

CAC Post-Incorporation Services

Requirements for Filing Share Allotment with CAC

  • Annual Returns: All of your company’s annual returns must be fully paid and up to date before submitting this application.

  • Company Details: Provide the company’s name and CAC registration number.

  • Board Resolution: A signed resolution by directors or authorized officers approving the action.

  • Transferee/Beneficiary Details: The full name, contact information, nationality, occupation, and a valid ID (for individuals) or company name and RC number (for corporate entities) receiving the shares.

  • Share Transfer Details: Includes the class of shares, number of shares being transferred, and consideration (if any).

  • Allotment Details: The class and number of new shares being issued, the consideration (cash or non-cash), and the purpose of the allotment (for Share Allotment).

  • Authorization: The application must be signed by the company’s directors, secretary, or an authorized representative.

File Share Transfer

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