How to Update Your Business Information with the Corporate Affairs Commission (CAC)

What You Can Change

• Business Name: You can change the name of your business or company.
• Registered Address: You can update your company’s registered address.
• Proprietor/Director Details: You can change the details of the proprietor or directors.
• Business Activities: You can change the business activities of your company.
• Other Particulars: You can update other registered particulars, such as email or phone number.

How to Make Changes

1. Post-Incorporation Service

Understand that updating your CAC information is a post-incorporation service, meaning it’s done after the initial registration.

2. Accredited Agent

You’ll likely need to work with a CAC-accredited agent or professional to assist with the process.

3. Follow the Correct Steps

Ensure you follow the specific procedures outlined by the CAC for the type of change you need to make.

4. Pay Filing Fees

There are filing fees associated with updating your CAC registration.

5. Special Resolution (for Name Changes)

For changing the company name, a special resolution passed by the company’s members is required.

6. Submit Required Documents

You’ll need to submit the necessary documents, including the application form, special resolution (if applicable), and proof of payment.

7. CAC Approval

The CAC will review your application and, upon approval, issue an updated form, such as CAC 1.1 (E-Status Report).

Specific Examples

Changing Business Name

You’ll need to ensure the new name is available and reserved, submit an application with reasons for the change, a special resolution, and the original certificate of incorporation for cancellation.

Changing Registered Address

You’ll need to submit an application for the change of address, and the CAC will review and approve it, issuing an updated form with the new address.

Changing Proprietor

You’ll need to log into the company’s post-incorporation portal, select “change of proprietor,” fill in the details, and make the necessary payment.