Company Limited By Guarantee Re-Registration Form: Fill & Download for Free

Here is a quick rundown of the cost of registering a company in Nigeria.FEES in Naira (₦)1Reservation of NameN500.002Registration of private company with share capital of N1million or lessN10,000.003Registration of private company/Increase in Share Capital above N1million and upto N500millionN5,000.00 for every N1million share capital or part thereof4Registration of private company/Increase in share capital above N500millionN7,500.00 for every N1million share capital or part thereof5Registration of Public company/Increase in share capitalN20,000.00 for the first N1million share capital or part thereof6Registration of Public Company/Increase in share capitalabove N1million and upto N500millionN10,000.00 for every N1million share capital or part thereof7Registration of Public Company/increase in share capital above N500millionN15,000.00 for every N1million share capital or part thereof8Registration of Company not having a share capitalN20,000.009Filing of notice of exemption of foreign Companies from RegistrationN30,000.0010Re-instatement/Relisting of company nameN25,000.0011Registration of charges for private companyN10,000.00 for every N1million or part thereof12Registration of charges for public companyN20,000.00 for every 1Million or part thereof13Filing of annual return for a small CompanyN2,000.0014Filing of annual return for Private company other than a small companyN3,000.0015Filing of annual return for public companyN5,000.0016Filing of annual return for company Limited by GuaranteeN5,000.0017Filing of annual report by foreign companiesN5,000.0018Filing of statement in form of schedule 14 under section 553N10,000.0019Filing of notice of merger/acquisitionN50,000.0020Filing of special resolution for mergerN20,000.0021Filing of other documents relating to mergerN10,000.0022Filing of statutory declaration of solvencyN5,000.0023Registration of appointment of liquidatorN10,000.0024Registration of resolution for winding upN10,000.0025Filing of return of final meeting and account of liquidationN5,000.0026Filing of notice of change of company nameN10,000.0027Filing of notice of alteration of memorandum and articles of associationN5,000.0028Filing of notice of changes in particulars of directorsN2,000.0029Filing of return of allotment and or notice of change in shareholdingN2,000.0030Filing of notice of change in registered addressN2,000.0031Filing of notice of appointment of receiverN10,000.0032Filing of notice of discharge of receiverN5,000.0033Filing of notice of change of signatureN2,000.0034Filing of notice of reduction in share capital by public companyN20,000.0035Filing of notice of reduction in share capital by private companyN10,000.0036Filing of deed of release by public companyN10,000.0037Fiiling of deed of release by private companyN5,000.0038Application for extension of time for holding of annual general meeting by public companyN10,000.0039Application for extension of time for holding of annual general meeting by private companyN5,000.0040Letter of Good StandingN10,000.0041Other filings (miscellaneous)N2,000.0042Certified true copy of certificate of registrationN10,000.0043Certified true copies of memorandum and articles of associationN3,000.0044Electronic SearchN1,000.00per company45Manual Search by customersN2,000.00 per company file46Manual Search Report prepared by officers of the CommissionN5,000.0047Certified true copies of other documentsN2,000.00 per document48Consent for Restricted NamesN5,000.00Business NameS/NSUBJECTFEES in Naira (₦)50Reservation of Name50051Registration of business name10,000.0052Filing of notice of change of business name5,000.0053Filing of notice of change in business address1,000.0054Filing of notice of change in proprietorship1,000.0055Filing of annual return1,000.0056Filing of notice of cessation of business1,000.0057Filing of other documents (miscellaneous)1,000.0058Search on business name file1,000.00 per business name file59Certified true copy of business name certificate of registration5,000.0060Certified true copies of other documents2,000.00 per documentIncorporated TrusteeS/NSUBJECTFEES in Naira (₦)61Reservation of Name50062Incorporation of trustees30,000.0063Filing of notice of change of name10,000.0064Filing of notice of change in trustees10,000.0065Filing of notice of amendment of constitution6,000.0066Filing of annual return5,000.0067Filing of notice of court order for dissolution of incorporated trustees5,000.0068Filing of other documents (miscellaneous)1,000.0069Search on incorporated trustees file2,000.0070Certified true copy of certificate of incorporation10,000.0071Certifed true copy of constitution5,000.0072Certified true copy of incorporation form2,000.0073Certified true copies of other documents2,000.00 per documentPENALTIESCompanyS/NSUBJECTFEES in Naira (₦)1Late filing of increase in share capital of public company10,0002Late filing of increase in share capital of private company5,000.003Late filing of annual return for small company3,000.00 per year4Late filing of annual return for a private company other than a small company5,000.00 per year5Late filing of annual return for public company10,000 per year6Late filing of annual return for Company Limited by Guarantee5,000.00 per year7Late filing of statement in form of schedule 14 under section 553100.00 per day for each director, company secretary and company8Late filing of notice of appointment of liquidator5,000.009Late filing of resolution for winding up500.00 for each director and the company secretary10Late filing of notice of change of company name5,000.0011Late filing of notice in alteration of memorandum and articles of association5,000.0012Late filing of notice/deed of release5,00013Late filing of notice of changes in particulars of directors5,000.0014Late filing of return of allotment by public company10,000.0015Late filing of return of allotment by private company5,000.0016Late filing of notice of change in shareholding5,000.0017Late filing of notice of change in registered address50.00 per day for every director, company secretary and company18Late filing of charges by public company10,000.0019Late filing of charges by private company5,000.0020Late filing of other documents (miscellaneous)5,000.00Business NameS/NSUBJECTFEES in Naira (₦)21Late filing of change of business name50.00 per proprietor22Late filing of notice of change in business address50.00 per proprietor23Late filing of notice of change in proprietorship50.00 per proprietor24Late filing of annual return2,500.0025Late filing of notice of cessation of business1,000Incorporated TrusteesS/NSUBJECTFEES in Naira (₦)26Late filing of annual return5,000.00FORMSCompanyS/NSUBJECTFEES in Naira (₦)1Set of incorporation forms500.002Others100.00 per formBusiness NameFEES in Naira (₦)1Registration form250.002Others100.00 per formIncorporated TrusteesFEES in Naira (₦)1Set of incorporation forms1,000.002Others100.00 per formAccreditation5,000.00

Section 8 Company RegistrationThese are the limited companies established under the Companies Act. The Government grants these companies an exclusive license under Section 8 Company. In a company which is limited by guarantee, there are no shares and hence there are no shareholders. The members of a company who are limited by guarantee are bound by a guarantee in the articles of association of the company, which requires them to pay the company debts up to a fixed sum. There are three main conditions for this.1) The company should form for the charitable trust2) Income and profits should be used towards these objects3) The company should not pay any dividend to its memberIs Trust or Society or Section 8 Company a better NGO?In India, an NGO for a charitable purpose can be registered under these three different authorities which are trust, society and section 8 company. A charitable purpose is generally defined under Section 2 (15) of the Income tax Act. Charitable purpose majorly includes relief to the poor, education, yoga, medical support, preservation of environment and monuments or places or objects of historical or artistic.While selecting the form in which the NGO should be registered for non-profit making, the entity must evaluate the areas and objects of operation, individuals involved in its constitution and the sources of income to achieve its resolution. To facilitate the decision making a comparative analysis of all the forms of registration available for the non-profit making entities i.e. trust, society and section 8 company should be done.Section 8 Company is a non-profit organization which has numerous deductions on taxes and other benefits. The benefits are availed under section 80G of the Income Tax Act, 1961. Stamp duty is also less for these companies as compared to other organizations.The companies which are registered under Section 8 do not require much share capital. They can be easily funded from subscriptions or donations made to them.Unlike the limited liability companies who are generally not allowed to transfer the ownership or title, but as per section 8 of the Income Tax Act, 1961 allows the transfer of ownership or title of both movable and immovable interest with no restrictions of any kind.Limited by guarantee companies are most often formed by non-profit organisations such as sports clubs, workers' co-operatives and membership organisations, whose owners wish to have the benefit of limited financial liability.A company limited by guarantee does not have any shares or shareholders (like the more common limited by shares structure) but is owned by guarantors who agree to pay a set amount of money towards company debts.Furthermore, there will generally be no profits distributed to the guarantors as they will instead be re-invested to help promote the non-profit objectives of the company. If any profits are distributed to the owners, then the company will forfeit its right to apply for a charitable status.BenefitsA company limited by guarantee is a distinct legal entity from its owners, and is responsible for its own debts.The personal finances of the company’s guarantors are protected. They will only be responsible for paying company debts up to the amount of their guarantees.'Limited' status builds trust and confidence amongst clients and investors - this type of professional credibility is valuable and can help a company achieve its objectives more effectively.Can guarantors take a share of the profits?Guarantors can certainly take a portion of company profits for themselves, but most of the time this does not happen because limited by guarantee companies are usually set up for non-profit purposes. This means that all of the money generated by this type of company is kept in the business or used to promote its non-profit purpose and activities.If guarantors do keep any profit for themselves, the company will no longer be considered 'non-profit' and it will be ineligible for charitable status. There is nothing to prevent someone setting up this type of company to run a profit-making business in which the guarantors will keep the profits, but a limited by shares structure simply makes more sense for that purpose.courtesy ;formations.com

Best CS firms in Nagpur is Khushbu S Joshi & AssociatesBouquet Of ServicesIncorporation of Company - Incorporation of Private and Public companies, limited by shares or guarantee, unlimited companies , Registration of Partnership, their conversions and re-conversions.Incorporation of & conversion to section 8 ( non - profit) company.Alterations, modifications and changes with respect to the names of companies, objects, share capital, situation of registered office, amendments and alterations in the Memorandum and Articles of Association.Allotment, consolidation/sub-division of shares, share transfer and transmission, conversion of shares into stocks or warrants, issue of shares certificates, dematerialization of shares, forfeiture of shares etc.Changes with respect to appointment, re-appointment, regularization, resignations, fixation and revisions of the remunerations of Directors, Managers, Company Secretary, Compliance officer, secretary in whole time practice, auditors, cost auditors, sole selling agents etc.Procedures relating to Board Meetings, General meetings including the pre and post meeting formalities such as notice for the meetings, preparing resolutions,agenda,minutes etc.Preparation of annual reports and annual accounts including Balance Sheet, Profit and loss account, income and expenditure statement, auditors report, director's report, statement on corporate governance, directors, chairman’s statement etc.Handling of all Secretarial, Financial and Legal functions of the Company.Signing and Certification of Annual Return (Form MGT-7)Pre-Certification of the documents including the forms and the returns to be filed with the Registrar of Companies.Registration of the documents with the Registrar of companies.Charge Registration - Procedural requirements for creation, modification and satisfaction of charges and registration thereof by the Registrar of Companies.Certification, Secretarial Audit, Compliance and Corporate Governance Certification.Matters relating to Insolvency Resolution Process and to act as Insolvency Resolution Professional.Due DiligenceRestructuring - Merger, De-merger, Amalgamation & TakeoverWinding Up of CompanyAgreements, Petitions & Other Legal MattersSEBI MattersConversion of financial data to XBRL (eXtensible Business Reporting Language) mode and filing of the same with MCA.Import Export CodeAll works related to the Company's Trademarks and Copyrights, Appearing before Trademarks and Copyrights Registrar.GST Matters - Goods and Service Tax (GST) Registration, Filing Monthly, Quarterly Returns.And all other matters related to Corporate Law