Hello, everyone
I keep getting request from newly registered business owners that when they went to bank or government agencies or pursuing tax clearance, they asked for Form CAC 2, Form CAC 2A, Form CAC 7, Form 1 for Business name or Application form for Incorporated trustees.
Let me educate you about these documents.
Companies:
Prior to 2021
Companies registered in the 70's up to year 2010
Documents issued then were( Certificate of incorporation, Form Co2(Statement of Share Capital), Form Co7(Particulars of directors), Form 4 then was Particulars of Secretary and then Memorandum and Articles of Association. So if your company was registered in the 70's to 2010, then these are the documents you may have.
Companies that were registered from 2010 -2015
Documents issued were: Certificate of Incorporation, Form CAC 2(Statement of share capital and Return of Allotment), Form CAC 7 (Particulars of directors) , Form CAC 2.1(Particulars of Secretary) and Memorandum and Articles of Association.
From 2016-2020, documents that were issued to companies and when I say companies, I mean limited by shares companies Eg, Uben Auben Auto Ltd or Uben Orben Auto Limited.
Documents issued then were: Certificate of Incorporation, CAC 1.1( Which contains particulars of directors and secretary and statement of share capital), and Memorandum and Articles of Association.
Prior to 2021, Documents were printed as hard copies and despatched in persons from CAC office but in 2021, the former RG of Corporate Affairs Commission, decided to bring in new policies to reduce influx of people in CAC buildings and make customers feel comfortable getting their CAC documents from the comfort of their homes.
So in 2021, CAC decided to fuse CAC 1.1, 2, 7, 2.1, 7A, CAC 4 into what we now call Status report for companies.
The status report contains the Particulars of the company details, a brief description of principal nature if business, directors details, shareholders details and a new addition persons with significant control.
So what CAC now issues for Limited by shares companies are: Certificate of Incorporation, Status Report and Memorandum and Articles of Association.
If you are old company, and you misplaced your documents and after duly paying annual returns, you file for retrieval of the missing documents for instance, you misplaced your CAC 7 or CAC 7A( old companies Particulars of directors or change of directors documents), if you want to retrieve such documents, it is status report, that will be issued and not same CAC 7 or CAC 7A.
In part 2, I will discuss business names and incorporated trustees.
Call or WhatsApp me on 08117409752 or email me at barristerchee2016@gmail.com