Change of Guarantor (Member)

Change of Shareholder (Member)

₦30,000

File Notice of Change of Company Guarantors with CAC

Every Nigerian company limited by guarantee (such as NGOs, Foundations, or Associations) must maintain its registered list of members. Whenever there is a Change of Guarantor, whether through the appointment of a new member, resignation, removal, retirement, or death, the organization must officially notify the Corporate Affairs Commission (CAC).

SplashDict helps organizations file the Notice of Change of Guarantor quickly and accurately, ensuring your entity remains compliant and your membership structure is properly updated on the CAC registry.

Service Fee (All inclusive):

₦30,000

Admit or Remove Company Guarantor (Member) 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 current list of members/guarantors.

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

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

Get Started now!

Why File a Change of Guarantor with CAC?

In a Nigerian company limited by guarantee, guarantors are the individuals or entities that stand as the formal members of the organization. While they do not own shares for profit, they act as the foundational pillars responsible for corporate governance and the company’s ultimate liability limits.

Filing a Change of Guarantor with the Corporate Affairs Commission (CAC) is therefore essential whenever a member is admitted or removed. The CAC requires that any change in the membership structure of a Company Limited by Guarantee be officially recorded.

  • 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.

  • Maintain Accurate Public Records: Banks, donor agencies, and regulators rely on the CAC registry to verify an organization’s legitimate members. Filing a Change of Guarantor ensures these records are up-to-date for grant applications and KYC requirements.

  • Ensure Valid Authority: Only guarantors officially recorded with the CAC are recognized as the legal members of the company. Updating the record ensures that new members can exercise their voting rights and oversight roles.

  • Liability Management: Formal filing ensures that retired or resigned members are legally detached from the company’s future financial guarantees, while new members are officially recognized for their roles.

CAC Post-Incorporation Services

Requirements for Filing Change of Guarantor with CAC

  • Up-to-Date Annual Returns: The CAC usually requires all outstanding annual returns to be filed before approving any post-incorporation changes.

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

  • Company 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 Shareholder

RELATED SERVICES