How to register a consortium in Nigeria

Consortiums are companies which are composed of separate and different companies coming together to pool resources for an agreed objective or specific duties. Each company will be responsible for the consortium as specified or set out in the consortium agreement.

The requirement for the proper registration of a Consortium includes the following:

• A formal application for consent to use the word ‘Consortium’ in the name of the company.
• Evidence of not less than 3 different companies forming the consortium.
• Evidence of registration in the home country, in the case of a foreign company
• A Resolution of each company in the consortium indicating consent to the consortium arrangement and stating the objectives of the consortium.
• The statutory declaration to wind up the consortium in accordance with the provisions of the Companies and Allied Matter Act (CAMA) upon completion of the object of the consortium.
• Statement of the object of the consortium in the memorandum of association.
• Inclusion of a clause to wind up the consortium in the articles of association.
• Evidence of updated annual returns of component companies
• Evidence of appointment of company secretary of component companies.
• Evidence of compliance with S.553 CAMA where applicable
• Upon obtaining the Consent, the Applicant can go ahead to register a new company with the same procedure for the registration of a new company.

Team 618 Bees

618 Bees can quickly and easily help you register a Consortium in Nigeria. Log on to our website www.618bees.com or email hello@618bees.com, or give us a call on +2349017190079. 618 Bees will complete your application with the Corporate Affairs Commission (CAC).

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