How to register a debenture in Nigeria

How to register a debenture in Nigeria

May 09, 2019

How to register a debenture in Nigeria

In order to register a debenture in Nigeria, the following requirements must be submitted to the Corporate Affairs Commission (CAC) for the registration to be effeced;

  • Duly Completed statutory form with instrument evidencing the assignment of the debenture to the debenture holder.
  • Payment of stamp duty to Federal Board of Inland Revenue
  • Payment of filing fees
  • If the filing is out of time, a court order extending the time should be attached.

 

 

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    A company’s first Annual Returns are due for filing after 18 months of its inception, subsequently it should be filed annually as the name implies. The filing dates could differ for each company depending on their financial year end but must be filed not later than 42 days after its Annual General Meeting.

    The Annual Returns for Business Names is due not later than the 30th of June each year except in the year the business was registered.
  • Do I need a Company Secretary?

    A limited liability company (LLC) must not have a company secretary.
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    This is the part of the agreement where the witness attests to have witnessed the execution of the agreement.
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    SON stands for ‘Standards Organization of Nigeria’
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  • Can I process/register multiple products at NAFDAC at the same time?

    Yes, you can process/register multiple products at the same time
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    You need a Shareholders Agreement to protect your investment in a company.  The shareholders Agreement establishes a fair relationship between all shareholders and sets out how the company is run.
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    Trademark is valid for seven years from the date of application but you may renew the application for the trademark for an additional period of 14years.
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