How To Easily Do CAC Registration Online
Registering a company name is not mandatory, but it is important. Every company owner wants to register their company name for several important reasons that can be beneficial such as protecting the brand image.
It also creates an identity that can enhance the franchise network, and protects from other competitors. Third parties will not be able to take away the identity and uniqueness of your company. To do so, you must register it with the corporate affairs commission (CAC). Now it’s even easier because you can do it online.
To do CAC Online registration is easy and simple. Take a look at these following steps and the data you’ll need to register your company name below!
Steps to CAC Online Registration
1. Making a profile on the website
In doing something online, registration is the first step you need to do. Before doing the CAC Online registration, you must first login to the website. You can simply visit the official CAC website and click on the e-registration section.
2. Search for the company name
This section aims to prevent similarities in company names. After completing the initial stage, proceed to the “public search” section and enter the name of the company you wish to register. If the name you entered is already taken, create a more unique name to proceed with CAC Online registration.
3. Order the company name
After finding a suitable and available name, proceed to register your company name. During the booking process, you will be asked to provide information related to your company, such as its type, purpose, etc. Once all the required fields are filled, you will be prompted to make a payment of N500 to finalize your order.
4. Register your company
In this section, you will be prompted to enter the company name code to proceed with the CAC Online registration process. Once the code is verified, you need to complete the CAC 1.1 form by providing information about your company.
This includes details such as the type of business your company engages in, email address, and office address. You are also required to fill in the details regarding the company directors and shareholders, including their personal information (name, gender, date of birth, phone number, and the number of shares held).
Similarly, you need to provide these details for the company secretary, whether it is an individual or a legal entity. Section E of the form, which is the declaration of compliance with CAMA (Companies and Allied Matters Act) requirements, needs to be filled out by a Legal Practitioner. It is recommended to seek legal assistance for drafting the Articles of Association as well.
Ready To Register Your Company?
Now it’s your turn to register your company name. CAC Online registration will make it easier for you to have a patent company name. A patent name that has characterized your company will increase the trust of consumers or clients who want a partnership, of course this will provide many benefits for you. CAC Online Registration also is easily done since everything can be done online.
If you want to learn more about economics, business, and how to make money online in Nigeria, make sure to check the tips in Vincoguide. We also provide several business related articles you should read to be rich.
