CAC/ Company Registration, Oil and Gas Business in Nigeria, Small & Medium Scale BusinessMarch 31, 2017

HOW TO INCREASE YOUR EXISTING COMPANY SHARE CAPITAL IN NIGERIA

 

Your company must be in existence before you can increase its share capital.

For a new company, all you need is to apply for the number of shares you want in your new application.

 

For old companies, you will Increase your Share Capital as follows:

  • Notice of increase in share capital in the prescribed form
  • Statement of increase in the prescribed form
  • Payment of Stamp Duty to Federal Board of Inland Revenue
  • Notice of increase to be signed by the company’s two directors or the secretary
  • Payment of filing fees
  • Evidence of compliance with S.636 where applicable

Types of business or company that you can increase the existing shares are as follows:

(a) Private Limited Company {LTD} (At least two persons, even if is your wife)

(b) Public Limited Company {PLC} (At least seven persons)

(c) Company Limited by Guarantee (LTD/GTE)

(d) Unlimited Company (ULTD)

(e) Incorporated Trustee (INC) Nonprofit organizations

 

For help and other assistance, you can contact us.