Change of Guarantor (Member)

Change of Guarantor (Member)

₦25,000

Add or Remove Members/Guarantors of Company with CAC

For Companies Limited by Guarantee (LTD/GTE), changes to membership may occur, such as the addition of new Guarantors or the removal of existing ones. All alterations to your company’s Membership must be officially filed with the Corporate Affairs Commission (CAC).

Service Fee (All inclusive):

₦25,000

Remove or Admit new Guarantor of a Company in Nigeria

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

  • Filing & Documentation: We prepare and file the required CAC forms, board resolution, and all necessary documents for the addition or removal of a Company Guarantor.

  • Official Document: Receive an updated CAC Status Report reflecting the change in company Membership. 

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

  • Fast Processing: Your request is completed within 2–7 working days, subject to CAC approval.

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Why File Change of Company Guarantor (Members) with CAC?

In Companies Limited by Guarantee (LTD/GTE), membership is a key element of company structure, not ownership through shares. Members act as guarantors, agreeing to contribute a predetermined amount in the event of the company’s winding-up. Filing any changes with the CAC ensures your company remains compliant with Nigerian corporate laws and maintains an accurate and legal record of membership.

  • Legal Compliance and Statutory Requirement: Under CAMA 2020, it is mandatory to notify the CAC of any changes in the structure of the company, including the addition, removal, or change of details of members/guarantors.

  • Maintaining Credibility and Trust: Banks, partners, and funding organizations often conduct due diligence checks with the CAC. Accurate records of who currently guarantees the company are vital for obtaining contracts, grants, or opening corporate bank accounts.

  • Liability Management: Since members in a company limited by guarantee are “guarantors” responsible for a nominal amount upon winding up, the official register must reflect current, authorized individuals to avoid legal conflicts regarding liability.

CAC Post-Incorporation Services

Requirements for Filing Change of Company Guarantor with CAC

  • Up-to-Date Annual Returns: All company annual returns must be fully paid and up to date before the membership change can be processed.

  • Company Details: Provide the company’s full registered name and RC (Registration) Number as recorded with the CAC.

  • Board Resolution: A signed resolution from the board of directors approving the change in members (addition, removal, or transfer).

  • Reason for Change (if removing): Indicate why the Member is being removed e.g., resignation, removal, or end of tenure.

  • New Member Details: Provide personal details (name, DOB, gender, nationality), contact details (phone, email, occupation), service address, residential address (if different), consent letter, and one form of ID (passport, ID card, driver’s license, etc.).

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

Change Guarantor

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