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Cessation to Act as a Receiver, Receiver Manager, Administrator, Or Supervisor

NGN35,000

Notify Cessation of an Administrator, Receiver, or Supervisor with CAC

Once an administrator, receiver, or supervisor has concluded their duties, you must officially file a notice of cessation with the CAC. This statutory requirement updates your company's records, informing the public and regulators that the professional's appointment has ended and providing clarity on your company's current status.

Service Fee (All inclusive):

NGN35,000

Appoint a Receiver, Administrator, or Supervisor in Nigeria

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

  • Documentation & Filing: We prepare and file all required documents and notices with the CAC to formally record the cessation.

  • Official Confirmation: Receive a CAC acknowledgment or Status Report reflecting the cessation.

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

  • Fast Processing: Filing is completed within 3 to 7 working days, depending on CAC approval.

  • Ongoing Support: Get expert help from our Chartered Secretary and compliance team for all regulatory needs.

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Why File Notice of Cessation with CAC?

The Corporate Affairs Commission (CAC) is notified of the Cessation of a receiver, administrator, or supervisor to ensure transparency and compliance with insolvency regulations.

The filing of a notice of cessation is a critical step to ensure transparency and legal compliance after a receiver, administrator, or supervisor has completed their duties.

  • Legal Compliance: The cessation of a professional's appointment must be officially recorded with the CAC to comply with statutory regulations.

  • Public Record: Filing updates the company's official records, providing public notice to all stakeholders that the company is no longer under external management.

  • Clarity of Authority: This registration removes the appointed professional's legal authority, preventing them from acting on the company’s behalf and restoring full control to the company's directors.

CAC Post-Incorporation Services

Requirements for Filing Cessation to Act as a Receiver, Receiver Manager, Administrator, or Supervisor with CAC

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

  • Details of Appointed Officer: Full name, address, and CAC accreditation number of the person or entity ceasing to act.

  • Cessation Details: Specify the role (e.g., Receiver, Administrator), the effective date of cessation, and whether the cessation covers the entire or part of the company’s undertaking.

  • Court Order or Deeds of Discharge: A copy of the court order or deed that formalizes the end of the appointment.

  • Up-to-Date Annual Returns: All outstanding annual returns must be filed before the PSC change can be processed.

  • Authentication: The application must be authorized by a company director, secretary, or an authorized officer.

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