Anti Corruption Summit
On Thursday, 25 May 2023, Nigeria launched its Open Central Register of Beneficial Ownership (known as the Persons with Significant Control Register) in line with its commitment at the Anti-Corruption Summit held in London on 12 May 2016Membership
The commission is made up of 10 members each representing the respective stakeholders, the board members are: * The chairman - Ademola Seriki. The chairman is appointed by the president of the Federal Republic of Nigeria * The Registrar-General/CEO - A. G. Abubakar * The representative of the Manufacturers Association of Nigeria (MAN) - Alhaji Ali S. Madugu, mni * The representative of the Institute of Chartered Accountants of Nigeria (ICAN) - Mazi Nnamdi Anthony Okwuadigbo * The representative of the Nigerian Bar Association (NBA) - Bello Aminu Abdullahi * The representative of the Nigerian Association of Chambers of Commerce, Industry Mines and Agriculture (NACCIMA) - Hajiya Saratu Iya Aliyu * The representative of the Federal Ministry of Industry, Trade, and Investment (FMITI)- Muhammad Danjuma Alhassan * The representative of the Securities & Exchange Commission (SEC) - Ms. Frana Chukwuogor * The representative of the Federal Ministry of Justice - Mrs. Antoinette Ifeanyi Oche-ObeServices
Corporate Affairs Commission (CAC) Services are classified into segments: PART A - Registry PART B - Registration of Business Names PART C - Registration of Incorporated Trustees (NGO’s) These classifications above cover the following services: * Incorporation of Companies (Private or Public Company, Limited by guarantee) * Registration of Business Name * Registration of Incorporated Trustees * Same Day Incorporation Services under which companies are registered within one day * Conducting searches * Issuance of Certified True Copies of filed documents * Registration of share capital increases, mortgages, etc. * Post-incorporation services such as: Processing the statutory filings of Annual Returns, increase of share capital, changes in the memorandum and article of association, company addresses, name etc. * Arrange or conduct investigations into the affairs of any company where the interests of the shareholders and the public so demand. * Management and winding-up of companies. * Monitoring the Compliance with the CAMA by companies. * Sale of all statutory forms and publications of the Commission * Responding to inquiries and complaints in respect of the services of the Commission. * Handling the preliminary process of accreditation of Lawyers, Chartered Accountants, and Chartered Secretaries who are recognized professionals and direct users of the Companies Registry.Types of services
Four (4) types of companies are recognized for business ventures in Nigeria, namely: * Private Limited Company (LTD) * Public Limited Company (PLC) * Companies limited by guarantee and * Unlimited Companies. The minimum membership for each of these companies is two except for Private Limited Company which is one, and the maximum for private companies is fifty members while there is no upper limit for public companies. A minimum share capital of ten thousand Naira is prescribed for private companies and five hundred thousand Naira for public companies with a minimum subscription of 25% of the shares.See also
*References
External links
* {{authority control Government agencies of Nigeria Registrars of companies