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Change of Person with Significant Control (PSC) of LLP

₦30,000

File Notice of Change of Person with Significant Control (PSC) with CAC

Every Limited Liability Partnership (LLP) in Nigeria is legally required to identify and maintain an up-to-date register of its Persons with Significant Control (PSC). Whether through a transfer of partnership interest, a shift in voting rights, or a change in the individuals who exercise ultimate effective control, any alteration to your beneficial ownership must be officially notified to the Corporate Affairs Commission (CAC).

SplashDict helps LLPs file the Notice of Change of Person with Significant Control quickly and accurately, ensuring your partnership remains compliant and your beneficial ownership records are properly updated on the CAC registry.

Service Fee (All inclusive):

₦30,000

Update LLP’s Person with Significant Control (PSC) in Nigeria

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

  • Filing & Documentation: We prepare and file the required CAC forms, PSC notification forms, and all supporting documentation needed to update the Person with Significant Control of your LLP.

  • Official Document: Receive an updated CAC Status Report reflecting the current Persons with Significant Control.

  • 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.

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Why File a Change of PSC for LLP with CAC?

In a Nigerian Limited Liability Partnership (LLP), a Person with Significant Control (PSC) is any natural person who directly or indirectly holds at least 5% of the partnership interest or voting rights, holds the right to appoint or remove a majority of the designated partners, or otherwise exercises significant influence or control over the LLP’s operations and decisions.

Filing a Change of PSC of LLP with the Corporate Affairs Commission (CAC) is therefore essential whenever beneficial ownership or control of the partnership shifts. The CAC requires that any such change be formally recorded in the LLP’s PSC register and officially reported.

  • Statutory Requirement: Under CAMA 2020, LLPs must disclose and maintain up-to-date records of individuals who exercise significant control over the partnership.

  • Maintain Accurate Public Records: The CAC registry helps regulators, financial institutions, and government agencies verify the true beneficial owners or controlling persons behind an LLP.

  • Promote Corporate Transparency: PSC disclosure helps prevent misuse of corporate entities for fraud, money laundering, or concealment of ownership.

CAC Post-Incorporation Services

Requirements for Filing Change of Person with Significant Control (PSC) of LLP with CAC

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

  • LLP Details: Provide the partnership’s full registered name and LLP Number as recorded with the CAC.

  • Timeline of Change: Specify the exact date the individual became a Person with Significant Control (PSC) and the date the LLP was formally notified of this status.

  • Outgoing PSC Details: Provide the full name of the individual who previously had significant control and the date they ceased to have that control.

  • New PSC’s Details: Provide personal details including title, full name, former name (if applicable), designation, nationality, gender, date of birth, contact details (phone and email), identification type and number, Tax Identification Number (TIN), and service and residential address.

  • Politically Exposed Person (PEP) Status: Indicate whether the PSC is a Politically Exposed Person (PEP). If yes, provide the PEP type (Domestic, Foreign, or International Organization), position or title held, office/department, and reason for PEP status (e.g., government official, political office holder).

  • PSC Affiliation Details: If the PSC is affiliated with another entity, provide the entity name, registration number, TIN, jurisdiction, and any stock exchange details if applicable.

  • Nature of Control: Specify the type of control the PSC holds over the LLP, such as ownership of shares, voting rights, ability to appoint directors, or significant influence over decisions.

  • Authorization: The application must be signed by a Designated Partner or an authorized representative of the LLP.

Change PSC of Company

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