Transmission of Shares

Transmission of Shares

₦25,000

Register Share Transmission with CAC

The Transmission of Shares allows for the transfer of shares due to the death, bankruptcy, or legal succession of a shareholder. Whether it’s transferring shares to a legal heir, estate administrator, or appointed representative, SplashDict’s CAC-accredited team ensures that your share Transmissions are processed quickly and efficiently.

Service Fee (All inclusive):

₦25,000

File Transmission of Shares in Nigeria

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

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

  • Official Document: Receive an updated CAC Status Report reflecting the changes in your company’s shareholding structure.

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

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

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Why File Transmission of Shares with CAC?

Unlike a voluntary Transfer, Transmission of Shares is the involuntary transfer of ownership due to a shareholder’s death, bankruptcy, or court order. The shares pass to a legal heir, estate administrator, or appointed representative (individual shareholder or existing entity).

This process occurs when a shareholder dies (with or without a will), is declared insolvent, or when a company goes into liquidation. Upon death, the shares are transferred to the shareholder’s legal representative, who can then transfer the shares to the beneficiaries.

  • Death of a Shareholder: If a shareholder passes away, their shares must be transmitted to a legal heir or estate administrator.

  • Bankruptcy or Court Order: In the event of bankruptcy or a court order, shares can be transmitted to a trustee or representative.

  • Estate Planning: Shareholders may transmit shares to family members or others as part of estate planning or inheritance.

  • Facilitating Corporate Actions: Filing enables the official recognition of new shareholders, allowing them to exercise their shareholder rights and continue participation in company decisions.

CAC Post-Incorporation Services

Requirements for Filing Share Transmission with CAC

  • Annual Returns: All of your company’s annual returns must be fully paid and up to date before submitting this application.

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

  • Board Resolution: A signed resolution by directors or authorized officers approving the action.

  • 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 Transmission Details: Includes the class and number of shares being transmitted.

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

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

File Share Transaction

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