Alteration of MEMART (Memorandum & Articles of Association)

Alteration of MEMART (Memorandum & Articles of Association)

NGN30,000

Modify the Company’s Constitution with CAC

Make changes to your company’s constitution by altering the Memorandum and Articles of Association (MEMART) through the Corporate Affairs Commission (CAC). This is required when your company intends to expand its objectives, restructure internal governance, or comply with regulatory changes.

Service Fee (All inclusive):

NGN30,000

Change Memorandum & Articles of Association (MEMART) in Nigeria

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

  • Filing & Documentation: We prepare and submit your MEMART's alteration to CAC, managing all required documents including Special Resolution.

  • Official Update: Receive a CAC acknowledgment letter confirming your change in MEMART. 

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

  • Fast Processing: Completed within 2 to 7 working day(s), subject to CAC approval.

  • Ongoing Support: Our Chartered Secretary and corporate services team provide ongoing expert help for regulatory and statutory needs.

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Why File Alteration of MEMART with CAC?

MEMART is the legal foundation of your company, comprising the Memorandum of Association (MoA) and Articles of Association (AoA), and defines your company’s identity, structure, objectives, and internal rules.

The MoA defines the company's external relationships, including its name, registered office, objectives, and share capital. The AoA governs the company's internal management and operations.  

The updated MEMART and other required documents must be filed with the Corporate Affairs Commission (CAC) for approval and certification. 

  • Legal Compliance: Fulfill the requirements of CAMA 2020 and CAC regulations by reflecting your company’s updated governance framework.

  • Change in business activities: A company may need to alter its objectives in the MoA if it wants to expand into new business areas not originally covered.

  • Restructuring: A company might need to alter its MEMART to reflect changes in its ownership, management structure, or operational procedures.

  • Mergers and acquisitions: Alterations may be necessary when a company merges with or acquires another company.

  • Compliance: Changes may be required to comply with new regulations or industry-specific requirements.

CAC Post-Incorporation Services

Requirements for Filing Alteration of Memorandum & Articles of Association) MEMART with CAC

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

  • Revised MEMART Document: The updated Memorandum and Articles of Association reflecting the proposed changes.

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

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

  • Filing with CAC: Submission of the resolution, revised MEMART, and supporting documents to the Corporate Affairs Commission (CAC) within 15 days of passing the resolution.

  • Stamp Duty Payment: Payment of statutory stamp duty to the Federal Inland Revenue Service (FIRS) for validation of the amended MEMART.

  • Authorization: Filing must be initiated by a company director, secretary, or authorized officer.

  • CAC Approval and Certification: Upon successful verification, CAC issues an acknowledgment and updates the company’s records.

    A Certified True Copy (CTC) of the amended MEMART can be requested for legal and official purposes.

Update MEMART

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