Transfer, Transmission, Surrender & Allotment of Shares

Transfer, Transmission, Surrender & Allotment of Shares

NGN25,000

Manage Share Transfers, Transmissions, Surrenders & Allotments with CAC

Whether you’re transferring ownership to another party, inheriting shares due to a shareholder’s death, surrendering shares back to the company, or issuing new shares to investors, this service ensures your company’s share transactions are legally recorded and filed with the Corporate Affairs Commission (CAC).

  • *Filing Type:

Service Fee (All inclusive):

NGN25,000

Manage All Your Company's Share Transactions in Nigeria

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

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

  • Official Document: Receive an updated CAC Status Report and shareholding structure reflecting the changes.

  • 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 Transfer, Transmission, Surrender & Allotment of Shares with CAC?

Properly filing a share transfer, transmission, surrender, or allotment prevents future disputes over ownership, builds investor confidence, and maintains the integrity of your company’s official records.

Each type of transaction serves a distinct purpose. Allotment is the issuance of new shares to raise capital, while transfer is the voluntary sale of existing shares. Transmission is an involuntary transfer due to death or bankruptcy, and surrender is a voluntary relinquishment of shares back to the company.

  • Legal Ownership Clarity: Filing ensures proper documentation of all share transactions, which prevents future disputes over ownership and provides legal clarity for all parties involved.

  • Compliance with CAC Regulations: This process keeps your company’s records up-to-date with the CAC, ensuring full compliance with legal requirements and avoiding penalties.

  • Seamless Ownership Transitions: Filing facilitates smooth transitions in ownership, whether due to inheritance, a shareholder's exit, or a corporate restructuring.

  • Flexibility in Shareholding Structure: It allows companies to adjust their capital structure strategically by issuing new shares (allotment), transferring ownership, or surrendering shares.

  • Capital Growth Opportunities: Allotment, in particular, 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 Transactions with CAC

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

  • Board or Company Resolution: A signed resolution by directors or authorized officers approving the action (required for Transfer, Surrender, and Allotment; optional for Transmission unless specified by company policy).

  • 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).

  • Legal Proof of Entitlement: A certified true copy of the Death Certificate, a Letter of Administration, or Probate from the court (for Share Transmission).

  • 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).

  • Valuation Report: Required for public companies issuing shares for a non-cash consideration (for Share Allotment).

  • Surrender Details: The details of the shareholder relinquishing the shares and the class and number of shares being surrendered (for Share Surrender).

  • Annual Returns: It is mandatory that all of your company’s annual returns are fully paid and up to date before submitting this application.

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

File Share Transaction

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