CAC change of shareholder

Changing Your Business Address with the CAC: A Step-by-Step Guide for a Smooth Transition

google.com, pub-4436339061114352, DIRECT, f08c47fec0942fa0

Moving to a new business address or residential address can be an exciting adventure, but the process of changing your address can sometimes be overwhelming. If you’re a business man or operate a registered business or entity in Nigeria for years you will understand the importance of notice of change of address.\

Businesses, companies and NGOS at one point or another decides to find a new place for ease of business operation. To ensure a seamless transition during your move, it’s important to update your address with the CAC. In this blog post, we’ll provide you with a comprehensive step-by-step guide on how to change your address with the CAC, making your relocation experience hassle-free.

  1. Understand the Importance of Updating Your Address: Before diving into the process, it’s crucial to understand why updating your address with the CAC is important. The CAC during the process of registration profiles and documents your business information, and keeps in their records. this means if one goes to cac website for search, the registered business address shows up.
  2. Resolution: This is for companies, wishing to change an address, the company directors can make a notice to the members of the company in an ordinary meeting, and pass a resolution on change of address.
  3. Visit or Contact Accredited cac Agent: To update your address with the CAC, you can either visit cac accredited agent or reach them online, provide them with the rc number of the company, and the resolution of the board of the company for change of address. the change of address must be communicated to cac within 14 days ,you moved from your initial registered address with cac. it is important to note that if you failed to file notice of change of address from your registered address within 14 days, the cac will fine you, this is very important to cac.
  4. Cac Agent fills the Notice of Address Change Form: Once you contact an accredited cac agent, you will provide the new address to him, this is very important, towards changing the address with cac records.
  5. Supporting Documentation: the cac agent will now Attach the required supporting documentation such as the board resolution for change of address if required. it is important to note that the board resolution is not mandatory requirement, in line with the new mode of filing the notice of change of address.
  6. Submit the Form and Payment: Submit the completed address change form and make payment in the sum of N10,000 , it is important to note that this is the official fee for the change of address. your cac agent will charge you for service charges and if there is any default fee, the fees are likely to go higher.
  7. Wait for Confirmation: After submitting the address change form, allow some time for the processing to take place. Depending on the workload and procedures, it may take a 48 hours for your address change to be reflected on the cac search website.
  8. Approval : if the commission approves Your application, you will get status report for the notice of change, this is the official document, evidencing that you have moved from the former address to the newly registered address.
See also  CAMA 2020: SHARES,CLASSES OF SHARES,AND SHARE CAPITAL REQUIREMENTS IN COMPANY LAW NIGERIA

Conclusion: Changing your address with the CAC is a necessary step when you move to a new location. By following the steps outlined in this guide, you can ensure a smooth transition and avoid any potential challenges to your customers.

By admin