Increase in Share Capital & Share Allotment

NGN30,000.00

REGISTRATION OF INCREASE IN SHARE CAPITAL OF PRIVATE COMPANY WITH SHARE CAPITAL NOT MORE THAN N500MILLION ₦ 9,500
STATUS REPORT PAYMENT ₦ 5,000
SHARE ALLOTMENT ₦ 5,000
MEMART ₦ 5,000

*Type of Company:
*Increase From:

INCREASE IN SHARE CAPITAL OF N1 MILLION OR LESS TO:
*To:

NGN30,000.00

Key Features of Increase in Share Capital & Share Allotment

Legal Foundation: The process is governed by Section 127 of the Companies and Allied Matters Act (CAMA) 2020, mandating that increases in issued share capital be executed through an allotment process, ensuring legal compliance and recognition by the Corporate Affairs Commission (CAC) in Nigeria.
Strategic Financial Expansion: Companies can raise additional funds by issuing new shares, enabling business growth, funding new projects, or meeting industry-specific capital thresholds, such as N100 million for foreign participation, enhancing financial stability and market presence.
Versatile Share Allocation: Offers the flexibility to allot new shares—either ordinary or preference—to existing shareholders, new individual investors, or corporate entities, allowing tailored adjustments to ownership structures based on strategic goals or investor agreements.
Regulatory Compliance Assurance: Requires board and shareholder approval via resolutions, plus optional regulatory consent (e.g., from CBN or SEC) where applicable, guaranteeing adherence to legal and sector-specific standards while avoiding penalties.

Requirements for Filing Increase in Share Capital & Share Allotment with CAC

Company Details: Provide the company's name, RC number, and other identification details.
Board Resolution: Submit a duly signed resolution from your board of directors authorizing the increase in issued share capital and the allotment of new shares, including the resolution date, to confirm legal approval within 15 days of passing.
Share Increase Details: Specify the increase specifics, including current issued share capital, new total share capital, share type, price per share, total new equity, and whether regulatory approval is required, ensuring precise documentation of the capital adjustment.
Share Allotment Details: Detail the allotment of new shares, including allocations to existing shareholders or new shareholders, with their share type and amount, to accurately reflect ownership changes.
Share Allotment Details: Detail the allotment of new shares, including allocations to existing shareholders or new shareholders, with their share type and amount, to accurately reflect ownership changes.
Annual Returns: Ensure that all annual returns are fully paid and up to date before applying for the CTC.
Authorization: The application must be signed by the company's directors, secretary, or an authorized representative.

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Benefits of Filing Increase in Share Capital & Share Allotment

Capital Growth: Boosts your company’s equity to fund expansion, attract investors, or meet industry thresholds (e.g., NGN 100 million for foreign participation).
Investor Appeal: Signals financial strength and stability, making your company more attractive to partners and shareholders.
Regulatory Adherence: Ensures compliance with CAC and sector-specific requirements (e.g., banking, telecoms), avoiding penalties.
Ownership Flexibility: Seamlessly integrates new shareholders or rewards existing ones without disrupting operations.

Company Post-Incorporation

File Increase in Issued Share Capital by Allotment of New Shares in Nigeria

Here's how SplashDict's CAC-accredited Chartered Secretaries can assist you:

Filing & Submission: We handle the entire process of filing for an increase in share capital and share allotment with the CAC.
Documentation: We handle all Filing documents.
Transparent Pricing: CAC filing fees are included with no hidden charges.
Quick Turnaround: Receive an Updated CAC Status Report and MEMART reflecting the increased share capital and allotments within 2 to 10 business days.
Continuous Support: We assist with future compliance and statutory needs.